Tdam USA Inc. Sells 12,026 Shares of JPMorgan Chase & Co. (JPM)

Tdam USA Inc. cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,690 shares of the financial services provider’s stock after selling 12,026 shares during the quarter. Tdam USA Inc.’s holdings in JPMorgan Chase & Co. were worth $12,291,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of JPM. Klingenstein Fields & Co. LLC grew its holdings in shares of JPMorgan Chase & Co. by 11.4% during the second quarter. Klingenstein Fields & Co. LLC now owns 174,097 shares of the financial services provider’s stock worth $15,912,000 after buying an additional 17,855 shares in the last quarter. Terril Brothers Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.6% during the second quarter. Terril Brothers Inc. now owns 81,836 shares of the financial services provider’s stock worth $7,480,000 after buying an additional 471 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in shares of JPMorgan Chase & Co. by 1.1% during the second quarter. Kornitzer Capital Management Inc. KS now owns 74,358 shares of the financial services provider’s stock worth $6,796,000 after buying an additional 840 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of JPMorgan Chase & Co. by 1.0% during the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 195,643 shares of the financial services provider’s stock worth $17,882,000 after buying an additional 1,953 shares in the last quarter. Finally, Honkamp Krueger Financial Services Inc. grew its holdings in shares of JPMorgan Chase & Co. by 1.5% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 33,440 shares of the financial services provider’s stock worth $3,056,000 after buying an additional 489 shares in the last quarter. Institutional investors and hedge funds own 73.66% of the company’s stock.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 16,434 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the sale, the insider now directly owns 98,811 shares in the company, valued at $11,088,570.42. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mary E. Erdoes sold 65,101 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the transaction, the chief executive officer now directly owns 479,882 shares in the company, valued at $53,866,754.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,047 shares of company stock valued at $17,098,115. 0.88% of the stock is owned by insiders.

Shares of JPMorgan Chase & Co. (JPM) opened at $114.68 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $117.35. The stock has a market cap of $400,788.03, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The company had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. During the same period in the previous year, the firm earned $1.71 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 3.3% on a year-over-year basis. sell-side analysts predict that JPMorgan Chase & Co. will post 8.78 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were paid a dividend of $0.56 per share. The ex-dividend date was Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 1.95%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

A number of equities research analysts have recently commented on JPM shares. Vetr downgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price target for the company. in a report on Wednesday, January 10th. Credit Suisse Group upgraded shares of JPMorgan Chase & Co. to a “buy” rating and set a $120.00 target price for the company in a report on Friday, January 5th. Vining Sparks restated a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, January 12th. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a report on Thursday, January 18th. Finally, ValuEngine upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the company’s stock. JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus price target of $108.71.

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JPMorgan Chase & Co. Profile

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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