Wedbush Securities Inc. trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 7.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,313 shares of the financial services provider’s stock after selling 2,838 shares during the quarter. Wedbush Securities Inc.’s holdings in JPMorgan Chase & Co. were worth $3,373,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Cumberland Partners Ltd boosted its holdings in JPMorgan Chase & Co. by 1.9% in the third quarter. Cumberland Partners Ltd now owns 419,550 shares of the financial services provider’s stock worth $40,071,000 after acquiring an additional 7,790 shares in the last quarter. Marathon Trading Investment Management LLC bought a new position in shares of JPMorgan Chase & Co. during the third quarter valued at $258,000. Csenge Advisory Group bought a new position in shares of JPMorgan Chase & Co. during the third quarter valued at $1,668,000. Ausdal Financial Partners Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 9.6% during the third quarter. Ausdal Financial Partners Inc. now owns 11,755 shares of the financial services provider’s stock valued at $1,123,000 after purchasing an additional 1,033 shares in the last quarter. Finally, Dupont Capital Management Corp lifted its holdings in shares of JPMorgan Chase & Co. by 3.0% during the third quarter. Dupont Capital Management Corp now owns 517,868 shares of the financial services provider’s stock valued at $49,462,000 after purchasing an additional 14,887 shares in the last quarter. 73.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $112.67 on Friday. The company has a market capitalization of $390,934.03, a price-to-earnings ratio of 17.88, a P/E/G ratio of 2.05 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. has a 1 year low of $81.64 and a 1 year high of $112.85.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. The company had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. JPMorgan Chase & Co.’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.71 earnings per share. equities analysts forecast that JPMorgan Chase & Co. will post 8.25 EPS for the current year.
The company also recently disclosed 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. This represents a $2.24 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.
A number of research analysts have recently issued reports on the company. Argus upped their price target on JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a “buy” rating in a report on Friday. Vining Sparks reaffirmed a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a report on Friday. Nomura set a $115.00 price target on JPMorgan Chase & Co. and gave the company a “neutral” rating in a report on Friday. Societe Generale downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, Vetr downgraded JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price target on the stock. in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the stock. JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus target price of $102.52.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the sale, the general counsel now owns 15,279 shares in the company, valued at $1,557,846.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate 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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