JPMorgan Chase & Co. (JPM) Holdings Cut by Leisure Capital Management

Leisure Capital Management trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.2% during the second quarter, Holdings Channel reports. The fund owned 23,826 shares of the financial services provider’s stock after selling 2,406 shares during the quarter. JPMorgan Chase & Co. comprises 2.1% of Leisure Capital Management’s portfolio, making the stock its 6th biggest holding. Leisure Capital Management’s holdings in JPMorgan Chase & Co. were worth $2,483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 0.7% in the 1st quarter. BlackRock Inc. now owns 228,054,279 shares of the financial services provider’s stock worth $25,079,128,000 after buying an additional 1,627,006 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 0.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 12,738,914 shares of the financial services provider’s stock worth $1,400,899,000 after buying an additional 49,436 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 4.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,199,709 shares of the financial services provider’s stock worth $1,167,010,000 after buying an additional 481,210 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of JPMorgan Chase & Co. by 0.5% in the 1st quarter. California Public Employees Retirement System now owns 9,430,305 shares of the financial services provider’s stock worth $1,037,051,000 after buying an additional 44,527 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 104.9% in the 1st quarter. OppenheimerFunds Inc. now owns 9,051,033 shares of the financial services provider’s stock worth $995,342,000 after buying an additional 4,634,515 shares during the last quarter. 70.54% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Mellody L. Hobson acquired 1,150 shares of the stock in a transaction that occurred on Friday, October 19th. The shares were acquired at an average cost of $108.94 per share, for a total transaction of $125,281.00. Following the purchase, the director now owns 2,632 shares of the company’s stock, valued at approximately $286,730.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.73% of the company’s stock.

JPM has been the topic of a number of research analyst reports. Goldman Sachs Group set a $130.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a report on Friday, October 12th. Credit Suisse Group set a $130.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Thursday, July 12th. Bank of America set a $132.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Sunday, October 14th. Vining Sparks reissued a “buy” rating and issued a $125.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, October 12th. Finally, Societe Generale reissued a “neutral” rating and issued a $119.50 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 16th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $123.44.

Shares of JPMorgan Chase & Co. stock opened at $108.38 on Friday. JPMorgan Chase & Co. has a 52-week low of $95.95 and a 52-week high of $119.33. The stock has a market capitalization of $371.96 billion, a P/E ratio of 15.78, a PEG ratio of 1.75 and a beta of 1.13. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.17.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.10. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. The business had revenue of $27.26 billion for the quarter, compared to analysts’ expectations of $27.20 billion. During the same period in the previous year, the business posted $1.76 EPS. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 9.26 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, October 5th were paid a $0.80 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. This represents a $3.20 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Thursday, October 4th. JPMorgan Chase & Co.’s payout ratio is currently 46.58%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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