JPMorgan Chase & Co. $JPM is Commerzbank Aktiengesellschaft FI’s 6th Largest Position

Commerzbank Aktiengesellschaft FI lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 522,740 shares of the financial services provider’s stock after selling 58,742 shares during the period. JPMorgan Chase & Co. comprises about 3.5% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 6th biggest position. Commerzbank Aktiengesellschaft FI’s holdings in JPMorgan Chase & Co. were worth $151,548,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Pinion Investment Advisors LLC increased its holdings in JPMorgan Chase & Co. by 0.6% during the second quarter. Pinion Investment Advisors LLC now owns 10,041 shares of the financial services provider’s stock worth $2,911,000 after buying an additional 61 shares during the last quarter. Stiles Financial Services Inc increased its holdings in JPMorgan Chase & Co. by 12.9% during the second quarter. Stiles Financial Services Inc now owns 12,366 shares of the financial services provider’s stock worth $3,586,000 after buying an additional 1,411 shares during the last quarter. McKinley Carter Wealth Services Inc. increased its holdings in JPMorgan Chase & Co. by 3.7% during the second quarter. McKinley Carter Wealth Services Inc. now owns 26,884 shares of the financial services provider’s stock worth $7,794,000 after buying an additional 951 shares during the last quarter. Argyle Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 1.0% during the second quarter. Argyle Capital Management LLC now owns 29,779 shares of the financial services provider’s stock worth $8,633,000 after buying an additional 300 shares during the last quarter. Finally, Coordinated Financial Services Inc. purchased a new stake in JPMorgan Chase & Co. during the second quarter worth about $723,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on JPM. Daiwa Capital Markets raised their price objective on shares of JPMorgan Chase & Co. from $330.00 to $332.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 8th. Phillip Securities lowered shares of JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 16th. Evercore ISI increased their target price on shares of JPMorgan Chase & Co. from $309.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Finally, Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Friday, June 27th. Fifteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $319.40.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $297.81 on Friday. The firm has a 50 day moving average of $302.82 and a 200-day moving average of $278.77. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $318.01. The firm has a market capitalization of $818.91 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 1.80 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.83 by $0.24. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The company had revenue of $46.43 billion during the quarter, compared to analyst estimates of $44.42 billion. During the same period last year, the business earned $4.37 earnings per share. JPMorgan Chase & Co.’s revenue was up 8.8% compared to the same quarter last year. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.72%.

Insiders Place Their Bets

In related news, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the sale, the director directly owned 82,207 shares of the company’s stock, valued at $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.