Crumly & Associates Inc. Has $637,000 Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Crumly & Associates Inc. cut its holdings in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,096 shares of the financial services provider’s stock after selling 214 shares during the quarter. Crumly & Associates Inc.’s holdings in JPMorgan Chase & Co. were worth $637,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JPM. Price T Rowe Associates Inc. MD increased its stake in shares of JPMorgan Chase & Co. by 23.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock valued at $3,566,044,000 after buying an additional 5,978,393 shares in the last quarter. Greenhaven Associates Inc. increased its stake in shares of JPMorgan Chase & Co. by 600.7% in the second quarter. Greenhaven Associates Inc. now owns 4,533,856 shares of the financial services provider’s stock valued at $510,558,000 after buying an additional 3,886,845 shares in the last quarter. Public Investment Fund acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at $433,667,000. Franklin Resources Inc. increased its stake in shares of JPMorgan Chase & Co. by 21.1% in the second quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock valued at $2,222,815,000 after buying an additional 3,435,522 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of JPMorgan Chase & Co. by 244.8% in the second quarter. Renaissance Technologies LLC now owns 3,931,843 shares of the financial services provider’s stock valued at $442,765,000 after buying an additional 2,791,457 shares in the last quarter. 67.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. Morgan Stanley upgraded JPMorgan Chase & Co. from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $126.00 to $153.00 in a research report on Tuesday, December 6th. BMO Capital Markets lifted their price objective on JPMorgan Chase & Co. from $149.00 to $158.00 and gave the stock a “market perform” rating in a research report on Monday, October 17th. Deutsche Bank Aktiengesellschaft lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $155.00 to $145.00 in a research report on Friday. Credit Suisse Group set a $150.00 price objective on JPMorgan Chase & Co. in a research report on Friday. Finally, UBS Group set a $124.00 price objective on JPMorgan Chase & Co. in a research report on Tuesday, October 18th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average target price of $143.39.

JPMorgan Chase & Co. Trading Down 0.4 %

NYSE:JPM opened at $137.37 on Tuesday. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $169.81. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $402.93 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 2.16 and a beta of 1.13. The business’s 50-day simple moving average is $133.10 and its 200-day simple moving average is $121.24.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings data on Friday, October 14th. The financial services provider reported $3.12 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.16. JPMorgan Chase & Co. had a return on equity of 14.52% and a net margin of 26.85%. The business had revenue of $32.72 billion for the quarter, compared to analysts’ expectations of $31.88 billion. During the same quarter in the previous year, the business posted $3.74 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 10.4% on a year-over-year basis. Sell-side analysts expect that JPMorgan Chase & Co. will post 11.69 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.91%. The ex-dividend date is Thursday, January 5th. JPMorgan Chase & Co.’s payout ratio is 33.78%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.07, for a total value of $250,140.00. Following the sale, the insider now owns 19,031 shares in the company, valued at approximately $2,380,207.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.07, for a total value of $250,140.00. Following the sale, the insider now owns 19,031 shares in the company, valued at approximately $2,380,207.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mary E. Erdoes sold 33,515 shares of the business’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $115.77, for a total value of $3,880,031.55. Following the completion of the sale, the chief executive officer now owns 533,795 shares in the company, valued at approximately $61,797,447.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,964 shares of company stock worth $4,936,426. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Profile

(Get Rating)

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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

See Also

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

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