FinTrust Capital Advisors LLC Sells 1,554 Shares of JPMorgan Chase & Co. (NYSE:JPM)

FinTrust Capital Advisors LLC decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,610 shares of the financial services provider’s stock after selling 1,554 shares during the quarter. FinTrust Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,214,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tortoise Investment Management LLC lifted its position in JPMorgan Chase & Co. by 2.0% during the third quarter. Tortoise Investment Management LLC now owns 5,018 shares of the financial services provider’s stock worth $483,000 after purchasing an additional 100 shares during the period. TD Capital Management LLC lifted its position in JPMorgan Chase & Co. by 9.8% during the second quarter. TD Capital Management LLC now owns 1,135 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 101 shares during the period. Atlas Private Wealth Management lifted its position in JPMorgan Chase & Co. by 0.7% during the second quarter. Atlas Private Wealth Management now owns 16,114 shares of the financial services provider’s stock worth $1,516,000 after purchasing an additional 106 shares during the period. Capital Analysts LLC lifted its position in JPMorgan Chase & Co. by 0.3% during the second quarter. Capital Analysts LLC now owns 31,390 shares of the financial services provider’s stock worth $2,953,000 after purchasing an additional 107 shares during the period. Finally, Financial Consulate Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 2.1% in the third quarter. Financial Consulate Inc. now owns 5,087 shares of the financial services provider’s stock worth $490,000 after acquiring an additional 107 shares during the last quarter. 69.35% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their target price for the stock from $105.00 to $115.00 in a report on Thursday, September 3rd. Morgan Stanley reissued a “buy” rating and issued a $106.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 27th. Independent Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their target price for the stock from $100.00 to $110.00 in a report on Tuesday, September 29th. Royal Bank of Canada reissued a “buy” rating and issued a $110.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, October 14th. Finally, TheStreet raised shares of JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $111.34.

In other JPMorgan Chase & Co. news, CFO Jennifer Piepszak sold 3,297 shares of the stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $101.11, for a total transaction of $333,359.67. Also, insider Nicole Giles sold 2,281 shares of the stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $100.98, for a total transaction of $230,335.38. Corporate insiders own 0.78% of the company’s stock.

NYSE:JPM opened at $114.57 on Friday. The company has a market capitalization of $349.23 billion, a PE ratio of 14.98, a P/E/G ratio of 2.68 and a beta of 1.15. The company has a 50 day simple moving average of $103.80 and a two-hundred day simple moving average of $99.04. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a fifty-two week low of $76.91 and a fifty-two week high of $141.10.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Monday, October 19th. The financial services provider reported $2.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.69. The business had revenue of $29.90 billion during the quarter, compared to the consensus estimate of $28.20 billion. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.68 EPS. Research analysts predict that JPMorgan Chase & Co. will post 7.47 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Monday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 34.35%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products 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, payment processing, auto loan, and leasing services.

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

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