JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Fmr LLC

Fmr LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,979,566 shares of the financial services provider’s stock after selling 3,298,220 shares during the period. Fmr LLC owned approximately 1.30% of JPMorgan Chase & Co. worth $4,276,878,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of JPMorgan Chase & Co. by 2.6% during the first quarter. Vanguard Group Inc. now owns 266,854,574 shares of the financial services provider’s stock worth $36,377,615,000 after buying an additional 6,792,220 shares in the last quarter. Capital Research Global Investors grew its stake in JPMorgan Chase & Co. by 4.5% in the first quarter. Capital Research Global Investors now owns 36,611,171 shares of the financial services provider’s stock worth $4,990,845,000 after purchasing an additional 1,590,742 shares in the last quarter. Franklin Resources Inc. raised its stake in JPMorgan Chase & Co. by 21.1% during the second quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock valued at $2,222,815,000 after buying an additional 3,435,522 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of JPMorgan Chase & Co. by 4.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 19,360,635 shares of the financial services provider’s stock worth $2,639,810,000 after acquiring an additional 877,422 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of JPMorgan Chase & Co. by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,607,661 shares of the financial services provider’s stock valued at $2,536,598,000 after acquiring an additional 805,196 shares in the last quarter. Hedge funds and other institutional investors own 68.57% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.1 %

JPMorgan Chase & Co. stock traded up $1.44 during trading hours on Thursday, hitting $136.48. The company had a trading volume of 7,316,204 shares, compared to its average volume of 11,552,875. The firm’s fifty day moving average is $119.42 and its 200-day moving average is $118.46. The firm has a market capitalization of $400.32 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 2.30 and a beta of 1.14. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $169.81. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.84 and a quick ratio of 0.84.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings data on Friday, October 14th. The financial services provider reported $3.12 EPS for the quarter, topping analysts’ consensus estimates of $2.95 by $0.17. The firm had revenue of $32.72 billion for the quarter, compared to the consensus estimate of $31.88 billion. JPMorgan Chase & Co. had a return on equity of 14.52% and a net margin of 26.85%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.74 earnings per share. On average, research analysts forecast that JPMorgan Chase & Co. will post 11.72 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Thursday, October 6th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend was Wednesday, October 5th. JPMorgan Chase & Co.’s payout ratio is presently 33.78%.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, September 12th. Credit Suisse Group set a $145.00 price objective on JPMorgan Chase & Co. in a research note on Tuesday, November 8th. UBS Group set a $124.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, October 18th. BMO Capital Markets upped their target price on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the stock a “market perform” rating in a research report on Monday, October 17th. Finally, Morgan Stanley reduced their price objective on shares of JPMorgan Chase & Co. from $127.00 to $126.00 and set an “underweight” rating for the company in a report on Wednesday, October 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $144.90.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,000 shares of the business’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $125.07, for a total value of $250,140.00. Following the completion of the sale, the insider now owns 19,031 shares of the company’s stock, valued at $2,380,207.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Robin Leopold sold 2,000 shares of the business’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $125.07, for a total value of $250,140.00. Following the completion of the sale, the insider now directly owns 19,031 shares in the company, valued at $2,380,207.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mary E. Erdoes sold 33,515 shares of the firm’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $115.77, for a total transaction of $3,880,031.55. Following the completion of the transaction, the chief executive officer now owns 533,795 shares in the company, valued at $61,797,447.15. The disclosure for this sale can be found here. Insiders have sold 41,964 shares of company stock valued at $4,936,426 over the last three months. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Profile

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JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

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

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