JPMorgan Chase & Co. (JPM) Holdings Reduced by Garland Capital Management Inc.

Garland Capital Management Inc. cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,255 shares of the financial services provider’s stock after selling 2,000 shares during the period. JPMorgan Chase & Co. makes up 3.8% of Garland Capital Management Inc.’s investment portfolio, making the stock its 4th biggest holding. Garland Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $5,946,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Private Vista LLC purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at approximately $102,000. Kohmann Bosshard Financial Services LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $102,000. Welch Investments LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $103,000. Legacy Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $106,000. Finally, Atlantic Trust LLC purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $136,000. 73.02% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on the company. Vetr raised JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $102.07 target price for the company in a research note on Tuesday, February 6th. Keefe, Bruyette & Woods raised JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 target price for the company in a research note on Tuesday, February 13th. ValuEngine raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley increased their target price on JPMorgan Chase & Co. from $128.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Bank of America set a $119.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Monday, January 15th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $108.71.

Shares of JPMorgan Chase & Co. (JPM) opened at $114.68 on Tuesday. The firm has a market capitalization of $397,910.00, a P/E ratio of 17.97, a P/E/G ratio of 1.96 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $117.35.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.07. The business had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.71 EPS. analysts expect that JPMorgan Chase & Co. will post 8.78 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 5th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.11%.

In other JPMorgan Chase & Co. news, insider Peter Scher sold 26,532 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $113.42, for a total transaction of $3,009,259.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Stacey Friedman sold 17,729 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $112.33, for a total value of $1,991,498.57. Following the sale, the general counsel now owns 21,260 shares in the company, valued at approximately $2,388,135.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,047 shares of company stock worth $17,098,115. 0.88% of the stock is owned by insiders.

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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.

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

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