JPMorgan Chase & Co. (JPM) Shares Sold by Accredited Investors Inc.

Accredited Investors Inc. trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 13.7% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 11,452 shares of the financial services provider’s stock after selling 1,811 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.3% of Accredited Investors Inc.’s portfolio, making the stock its 29th biggest position. Accredited Investors Inc.’s holdings in JPMorgan Chase & Co. were worth $1,292,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. grew its stake in shares of JPMorgan Chase & Co. by 2.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 13,009,422 shares of the financial services provider’s stock valued at $1,355,582,000 after purchasing an additional 270,508 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of JPMorgan Chase & Co. by 4.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,199,709 shares of the financial services provider’s stock valued at $1,167,010,000 after acquiring an additional 481,210 shares during the period. American Century Companies Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.7% during the 2nd quarter. American Century Companies Inc. now owns 10,020,625 shares of the financial services provider’s stock valued at $1,044,149,000 after acquiring an additional 169,377 shares during the period. OMERS ADMINISTRATION Corp grew its stake in shares of JPMorgan Chase & Co. by 21.4% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 4,656,959 shares of the financial services provider’s stock valued at $485,255,000 after acquiring an additional 821,647 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of JPMorgan Chase & Co. by 1.2% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 4,263,000 shares of the financial services provider’s stock valued at $444,205,000 after acquiring an additional 50,000 shares during the period. Institutional investors own 70.11% of the company’s stock.

In related news, insider Ashley Bacon sold 5,831 shares of the stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $102.78, for a total transaction of $599,310.18. Following the sale, the insider now owns 98,838 shares in the company, valued at approximately $10,158,569.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.73% of the stock is owned by corporate insiders.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. ValuEngine upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. BMO Capital Markets cut their price objective on JPMorgan Chase & Co. from $124.00 to $123.00 and set a “market perform” rating for the company in a research note on Wednesday. Finally, Citigroup boosted their price objective on JPMorgan Chase & Co. from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, September 26th. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $122.94.

Shares of JPM opened at $102.92 on Friday. The company has a market cap of $348.96 billion, a PE ratio of 11.44, a PEG ratio of 1.54 and a beta of 1.15. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $119.33. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.01 and a current ratio of 1.00.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.20 by ($0.22). The firm had revenue of $26.10 billion for the quarter, compared to analysts’ expectations of $26.69 billion. JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the company earned $1.76 earnings per share. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 9.93 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Friday, January 4th will be issued a dividend of $0.80 per share. The ex-dividend date is Thursday, January 3rd. This represents a $3.20 annualized dividend and a dividend yield of 3.11%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 35.56%.

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JPMorgan Chase & Co. Company Profile

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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