Los Angeles Capital Management LLC Trims Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Los Angeles Capital Management LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 39.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 554,925 shares of the financial services provider’s stock after selling 355,153 shares during the quarter. Los Angeles Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $57,990,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. HBC Financial Services PLLC boosted its stake in shares of JPMorgan Chase & Co. by 61.2% in the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 90 shares during the last quarter. Grayhawk Investment Strategies Inc. acquired a new position in JPMorgan Chase & Co. during the second quarter worth $32,000. Financial Connections Group Inc. boosted its stake in JPMorgan Chase & Co. by 48.5% during the second quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock worth $34,000 after buying an additional 100 shares during the last quarter. Horizons Wealth Management acquired a new position in JPMorgan Chase & Co. during the second quarter worth $39,000. Finally, New Millennium Group LLC purchased a new stake in JPMorgan Chase & Co. in the second quarter valued at $39,000. 67.89% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JPM has been the topic of a number of research analyst reports. Credit Suisse Group set a $155.00 target price on JPMorgan Chase & Co. in a research report on Tuesday, January 17th. Royal Bank of Canada set a $130.00 target price on JPMorgan Chase & Co. in a research report on Friday, January 13th. Morgan Stanley boosted their price objective on JPMorgan Chase & Co. from $153.00 to $167.00 and gave the company an “overweight” rating in a report on Tuesday, January 17th. The Goldman Sachs Group cut their price objective on JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, October 4th. Finally, Barclays boosted their price objective on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.89.

JPMorgan Chase & Co. Trading Up 0.2 %

JPM opened at $135.08 on Monday. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $159.03. The stock has a market capitalization of $396.22 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 2.10 and a beta of 1.13. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. The business has a fifty day moving average price of $134.60 and a 200 day moving average price of $122.80.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.46. The business had revenue of $34.55 billion during the quarter, compared to analysts’ expectations of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.33 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 12.88 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, January 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.96%. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.11%.

Insider Transactions at JPMorgan Chase & Co.

In other news, Vice Chairman Peter Scher sold 1,310 shares of the company’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $163,776.20. Following the completion of the transaction, the insider now directly owns 34,973 shares of the company’s stock, valued at approximately $4,372,324.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Douglas B. Petno sold 5,139 shares of the company’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $642,477.78. Following the completion of the sale, the chief executive officer now directly owns 248,011 shares of the company’s stock, valued at approximately $31,006,335.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Peter Scher sold 1,310 shares of the company’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total value of $163,776.20. Following the completion of the sale, the insider now directly owns 34,973 shares of the company’s stock, valued at $4,372,324.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,336 shares of company stock valued at $6,372,156. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

Further Reading

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

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