JPMorgan Chase & Co. $JPM Stake Cut by Schneider Downs Wealth Management Advisors LP

Schneider Downs Wealth Management Advisors LP cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,473 shares of the financial services provider’s stock after selling 191 shares during the quarter. Schneider Downs Wealth Management Advisors LP’s holdings in JPMorgan Chase & Co. were worth $1,877,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Interchange Capital Partners LLC lifted its stake in JPMorgan Chase & Co. by 2.5% during the second quarter. Interchange Capital Partners LLC now owns 14,299 shares of the financial services provider’s stock worth $4,145,000 after purchasing an additional 350 shares during the last quarter. Brighton Jones LLC lifted its stake in JPMorgan Chase & Co. by 1.3% in the second quarter. Brighton Jones LLC now owns 51,570 shares of the financial services provider’s stock valued at $14,951,000 after buying an additional 650 shares during the last quarter. Graybill Wealth Management LTD. lifted its stake in JPMorgan Chase & Co. by 0.8% in the second quarter. Graybill Wealth Management LTD. now owns 18,200 shares of the financial services provider’s stock valued at $5,276,000 after buying an additional 150 shares during the last quarter. Leavell Investment Management Inc. lifted its stake in JPMorgan Chase & Co. by 2.0% in the second quarter. Leavell Investment Management Inc. now owns 94,921 shares of the financial services provider’s stock valued at $27,519,000 after buying an additional 1,838 shares during the last quarter. Finally, Shaker Investments LLC OH lifted its stake in JPMorgan Chase & Co. by 45.6% in the second quarter. Shaker Investments LLC OH now owns 19,925 shares of the financial services provider’s stock valued at $5,776,000 after buying an additional 6,236 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on JPM shares. Zacks Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Citigroup raised their price target on JPMorgan Chase & Co. from $275.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, September 24th. DZ Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 15th. The Goldman Sachs Group reissued a “buy” rating and set a $366.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, October 14th. Finally, Phillip Securities lowered JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.38.

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction dated 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 directly owned 82,207 shares of the company’s stock, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $309.36 on Wednesday. The business’s 50-day moving average price is $305.42 and its 200 day moving average price is $285.96. The firm has a market cap of $850.66 billion, a P/E ratio of 15.32, a PEG ratio of 1.84 and a beta of 1.13. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $318.01. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.26.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. The firm had revenue of $46.43 billion for the quarter, compared to analyst estimates of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.JPMorgan Chase & Co.’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company earned $4.37 earnings per share. 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 announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, October 6th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, October 6th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.72%.

JPMorgan Chase & Co. Company 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.