S Bank Fund Management Ltd Lowers Stock Holdings in JPMorgan Chase & Co. $JPM

S Bank Fund Management Ltd decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 18.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,962 shares of the financial services provider’s stock after selling 6,974 shares during the period. JPMorgan Chase & Co. makes up approximately 1.3% of S Bank Fund Management Ltd’s holdings, making the stock its 16th largest holding. S Bank Fund Management Ltd’s holdings in JPMorgan Chase & Co. were worth $8,686,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Harbor Asset Planning Inc. purchased a new position in JPMorgan Chase & Co. in the 2nd quarter worth $26,000. Semitam Bonam LLC purchased a new position in shares of JPMorgan Chase & Co. in the second quarter worth about $208,000. Werba Rubin Papier Wealth Management increased its holdings in shares of JPMorgan Chase & Co. by 13.0% in the second quarter. Werba Rubin Papier Wealth Management now owns 5,078 shares of the financial services provider’s stock worth $1,472,000 after buying an additional 586 shares during the period. Aware Super Pty Ltd as trustee of Aware Super increased its holdings in shares of JPMorgan Chase & Co. by 0.7% in the second quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 258,718 shares of the financial services provider’s stock worth $75,005,000 after buying an additional 1,876 shares during the period. Finally, Aire Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.8% in the second quarter. Aire Advisors LLC now owns 12,570 shares of the financial services provider’s stock worth $3,644,000 after buying an additional 218 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.9%

Shares of JPM opened at $300.27 on Monday. The firm’s 50-day moving average price is $303.43 and its 200-day moving average price is $281.89. The firm has a market capitalization of $825.66 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 1.81 and a beta of 1.13. 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 1-year low of $202.16 and a 1-year high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The firm had revenue of $46.43 billion for the quarter, compared to the consensus estimate of $44.42 billion. During the same quarter in the prior year, the business earned $4.37 EPS. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

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

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the transaction, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Hsbc Global Res downgraded JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. Loop Capital set a $310.00 price objective on JPMorgan Chase & Co. in a report on Thursday. Morgan Stanley lifted their price objective on JPMorgan Chase & Co. from $336.00 to $338.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 15th. The Goldman Sachs Group reiterated a “buy” rating and issued a $366.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, October 14th. Finally, Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $325.00 to $345.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $322.27.

About JPMorgan Chase & Co.

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.