Armor Investment Advisors LLC Sells 1,009 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Armor Investment Advisors LLC lessened its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,185 shares of the financial services provider’s stock after selling 1,009 shares during the period. JPMorgan Chase & Co. comprises about 1.7% of Armor Investment Advisors LLC’s portfolio, making the stock its 19th largest holding. Armor Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,039,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its holdings in shares of JPMorgan Chase & Co. by 58.9% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,546,922 shares of the financial services provider’s stock worth $437,636,000 after buying an additional 1,685,017 shares during the period. IBM Retirement Fund boosted its holdings in shares of JPMorgan Chase & Co. by 36.7% during the 3rd quarter. IBM Retirement Fund now owns 103,214 shares of the financial services provider’s stock worth $9,936,000 after buying an additional 27,691 shares during the period. WealthTrust Axiom LLC boosted its holdings in shares of JPMorgan Chase & Co. by 7.0% during the 2nd quarter. WealthTrust Axiom LLC now owns 7,703 shares of the financial services provider’s stock worth $724,000 after buying an additional 501 shares during the period. Bfsg LLC boosted its holdings in shares of JPMorgan Chase & Co. by 6.1% during the 3rd quarter. Bfsg LLC now owns 19,983 shares of the financial services provider’s stock worth $1,924,000 after buying an additional 1,142 shares during the period. Finally, First National Bank of Omaha boosted its holdings in shares of JPMorgan Chase & Co. by 2.4% during the 2nd quarter. First National Bank of Omaha now owns 277,668 shares of the financial services provider’s stock worth $26,117,000 after buying an additional 6,572 shares during the period. 69.35% of the stock is owned by institutional investors.

In related news, CFO Jennifer Piepszak sold 3,297 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $101.11, for a total transaction of $333,359.67. Also, insider Nicole Giles sold 2,281 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $100.98, for a total transaction of $230,335.38. 0.78% of the stock is owned by corporate insiders.

Shares of NYSE:JPM opened at $114.57 on Friday. The firm has a 50 day moving average of $103.80 and a 200-day moving average of $99.04. The stock has a market capitalization of $349.23 billion, a PE ratio of 14.98, a PEG ratio of 2.68 and a beta of 1.15. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.16. JPMorgan Chase & Co. has a 12 month low of $76.91 and a 12 month high of $141.10.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Monday, October 19th. The financial services provider reported $2.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.23 by $0.69. The business had revenue of $29.90 billion during the quarter, compared to analysts’ expectations of $28.20 billion. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.68 EPS. On average, research analysts predict that JPMorgan Chase & Co. will post 7.47 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Investors of record on Tuesday, October 6th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Monday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is 34.35%.

Several analysts recently commented on JPM shares. Keefe, Bruyette & Woods downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $125.00 to $130.00 in a report on Wednesday. Royal Bank of Canada reaffirmed a “buy” rating and set a $110.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, October 14th. TheStreet upgraded shares of JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a research note on Tuesday, August 4th. BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $117.00 to $119.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 14th. Finally, The Goldman Sachs Group upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Friday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $111.34.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

Recommended Story: Why do analysts give a neutral rating?

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.