Bbva Compass Bancshares Inc. Sells 4,890 Shares of JPMorgan Chase & Co. (JPM)

Bbva Compass Bancshares Inc. trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 171,672 shares of the financial services provider’s stock after selling 4,890 shares during the period. JPMorgan Chase & Co. comprises 1.1% of Bbva Compass Bancshares Inc.’s holdings, making the stock its 20th largest position. Bbva Compass Bancshares Inc.’s holdings in JPMorgan Chase & Co. were worth $16,396,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. David R. Rahn & Associates Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $1,458,000. Ironwood Investment Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 61.9% during the 2nd quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock worth $609,000 after buying an additional 2,550 shares during the last quarter. Gamble Jones Investment Counsel boosted its stake in shares of JPMorgan Chase & Co. by 0.6% during the 2nd quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock worth $4,566,000 after buying an additional 276 shares during the last quarter. Grove Bank & Trust boosted its stake in shares of JPMorgan Chase & Co. by 16.9% during the 2nd quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock worth $895,000 after buying an additional 1,417 shares during the last quarter. Finally, Lee Danner & Bass Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock worth $1,599,000 after buying an additional 69 shares during the last quarter. Institutional investors own 73.76% of the company’s stock.

JPMorgan Chase & Co. (NYSE:JPM) opened at $110.25 on Thursday. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $110.70. The company has a market cap of $382,540.00, a P/E ratio of 15.82, a PEG ratio of 2.04 and a beta of 1.22. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.09. The company had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. JPMorgan Chase & Co. had a net margin of 24.08% and a return on equity of 11.68%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the firm earned $1.58 earnings per share. research analysts predict that JPMorgan Chase & Co. will post 6.91 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be given a dividend of $0.56 per share. The ex-dividend date is Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 2.03%. JPMorgan Chase & Co.’s dividend payout ratio is 32.14%.

JPM has been the topic of a number of research analyst reports. Wells Fargo & Co upped their target price on shares of JPMorgan Chase & Co. from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Royal Bank of Canada reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Jefferies Group reaffirmed a “buy” rating and issued a $102.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, September 15th. Barclays upped their target price on shares of JPMorgan Chase & Co. from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, BMO Capital Markets upped their target price on shares of JPMorgan Chase & Co. from $86.00 to $91.00 and gave the company a “market perform” rating in a report on Friday, October 13th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $93.64.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the sale, the general counsel now owns 15,279 shares in the company, valued at approximately $1,557,846.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.88% of the company’s stock.

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About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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