JPMorgan Chase & Co. (NYSE:JPM) Stake Lowered by Wealthstreet Investment Advisors LLC

Wealthstreet Investment Advisors LLC reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,396 shares of the financial services provider’s stock after selling 1,729 shares during the period. JPMorgan Chase & Co. accounts for about 2.5% of Wealthstreet Investment Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Wealthstreet Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $19,497,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Thoroughbred Financial Services LLC raised its position in JPMorgan Chase & Co. by 11,601.0% during the second quarter. Thoroughbred Financial Services LLC now owns 4,973,970 shares of the financial services provider’s stock valued at $497,397,000 after purchasing an additional 4,931,461 shares during the period. Royal London Asset Management Ltd. purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $182,400,000. ADAMCAPITAL Gestao de Recursos Ltda. raised its position in JPMorgan Chase & Co. by 32.0% during the fourth quarter. ADAMCAPITAL Gestao de Recursos Ltda. now owns 2,598,267 shares of the financial services provider’s stock valued at $253,643,000 after purchasing an additional 629,580 shares during the period. Fisher Asset Management LLC raised its position in JPMorgan Chase & Co. by 4.0% during the fourth quarter. Fisher Asset Management LLC now owns 5,426,978 shares of the financial services provider’s stock valued at $529,782,000 after purchasing an additional 208,780 shares during the period. Finally, NN Investment Partners Holdings N.V. raised its position in JPMorgan Chase & Co. by 34.1% during the second quarter. NN Investment Partners Holdings N.V. now owns 767,619 shares of the financial services provider’s stock valued at $85,819,000 after purchasing an additional 195,210 shares during the period. Institutional investors own 71.57% of the company’s stock.

In other news, insider Lori A. Beer sold 13,341 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total value of $1,524,609.48. Following the sale, the insider now directly owns 10,130 shares in the company, valued at $1,157,656.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Peter Scher sold 10,816 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $115.00, for a total value of $1,243,840.00. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

A number of brokerages have issued reports on JPM. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Deutsche Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. Royal Bank of Canada restated a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 16th. Goldman Sachs Group restated a “neutral” rating and set a $117.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. Finally, Credit Suisse Group upped their price objective on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $122.94.

Shares of NYSE JPM traded down $0.01 during midday trading on Friday, hitting $112.93. The company’s stock had a trading volume of 11,024,017 shares, compared to its average volume of 10,113,162. The company has a current ratio of 0.97, a quick ratio of 1.00 and a debt-to-equity ratio of 1.22. The business’s 50 day moving average price is $112.95. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $119.24. The firm has a market capitalization of $376.30 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 1.67 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a return on equity of 14.41% and a net margin of 24.73%. The firm had revenue of $28.83 billion for the quarter, compared to the consensus estimate of $28.52 billion. During the same period in the prior year, the business posted $2.29 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, research analysts expect that JPMorgan Chase & Co. will post 9.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were issued a $0.80 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $3.20 annualized dividend and a dividend yield of 2.83%. JPMorgan Chase & Co.’s payout ratio is 35.56%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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