Thompson Investment Management Inc. lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,164 shares of the financial services provider’s stock after selling 656 shares during the quarter. JPMorgan Chase & Co. comprises about 2.1% of Thompson Investment Management Inc.’s holdings, making the stock its 5th biggest holding. Thompson Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $10,611,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of JPM. Personal Wealth Partners acquired a new position in JPMorgan Chase & Co. during the 2nd quarter worth approximately $28,000. MRA Associates USA LLC acquired a new position in JPMorgan Chase & Co. during the 2nd quarter worth approximately $30,000. Global Trust Asset Management LLC lifted its position in JPMorgan Chase & Co. by 2,027.2% during the 2nd quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 5,068 shares in the last quarter. Bridger Capital Management LLC acquired a new position in JPMorgan Chase & Co. during the 3rd quarter worth approximately $33,000. Finally, Titan Capital Management LLC CA acquired a new position in JPMorgan Chase & Co. during the 2nd quarter worth approximately $35,000. 71.90% of the stock is currently owned by institutional investors and hedge funds.
JPM has been the topic of several recent research reports. Wells Fargo & Co set a $125.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, August 16th. Royal Bank of Canada lifted their price objective on JPMorgan Chase & Co. to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. BMO Capital Markets lifted their price objective on JPMorgan Chase & Co. to $126.00 in a report on Wednesday, October 16th. Societe Generale downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, Morgan Stanley upgraded JPMorgan Chase & Co. to an “overweight” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $123.02.
JPM stock traded up $0.38 during midday trading on Friday, hitting $130.38. 9,160,446 shares of the company’s stock were exchanged, compared to its average volume of 12,174,789. The company has a current ratio of 0.93, a quick ratio of 0.97 and a debt-to-equity ratio of 1.26. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $131.29. The firm has a 50 day moving average price of $120.77 and a 200-day moving average price of $114.02. The stock has a market capitalization of $404.92 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 1.81 and a beta of 1.21.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.45 by $0.23. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. The business had revenue of $29.34 billion during the quarter, compared to the consensus estimate of $28.36 billion. During the same period in the previous year, the business earned $2.34 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 10.17 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.76%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Thursday, October 3rd. JPMorgan Chase & Co.’s payout ratio is 40.00%.
In other news, CEO Daniel E. Pinto sold 64,198 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $130.91, for a total value of $8,404,160.18. Following the completion of the sale, the chief executive officer now directly owns 451,481 shares in the company, valued at approximately $59,103,377.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gordon Smith sold 83,289 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $119.98, for a total value of $9,993,014.22. Following the completion of the sale, the chief executive officer now owns 393,197 shares of the company’s stock, valued at $47,175,776.06. The disclosure for this sale can be found here. Insiders sold a total of 152,944 shares of company stock valued at $19,088,970 over the last quarter. Company insiders own 0.76% of the company’s stock.
JPMorgan Chase & Co. Profile
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.
See Also: What are gap-down stocks?
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.