JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by State Street Corp

State Street Corp reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.6% in the 3rd quarter, Holdings Channel reports. The firm owned 135,133,642 shares of the financial services provider’s stock after selling 2,265,439 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.9% of State Street Corp’s portfolio, making the stock its 15th largest position. State Street Corp’s holdings in JPMorgan Chase & Co. were worth $13,009,316,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Your Advocates Ltd. LLP increased its stake in shares of JPMorgan Chase & Co. by 250.0% in the 2nd quarter. Your Advocates Ltd. LLP now owns 175 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 125 shares during the last quarter. Provident Wealth Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth $34,000. FAI Wealth Management increased its stake in shares of JPMorgan Chase & Co. by 317.0% in the 2nd quarter. FAI Wealth Management now owns 417 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 317 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth $43,000. Finally, Eukles Asset Management increased its stake in shares of JPMorgan Chase & Co. by 28.7% in the 3rd quarter. Eukles Asset Management now owns 533 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 119 shares during the last quarter. 69.35% of the stock is owned by institutional investors and hedge funds.

Shares of JPM opened at $114.57 on Friday. The stock has a 50-day simple moving average of $103.80 and a 200-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. The stock has a market capitalization of $349.23 billion, a PE ratio of 14.98, a PEG ratio of 2.68 and a beta of 1.15. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $141.10.

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

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

In other news, insider Nicole Giles sold 2,281 shares of the firm’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $100.98, for a total transaction of $230,335.38. Also, CFO Jennifer Piepszak sold 3,297 shares of the firm’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $101.11, for a total value of $333,359.67. Company insiders own 0.78% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Credit Suisse Group reiterated a “buy” rating and set a $126.00 price target (up from $122.00) on shares of JPMorgan Chase & Co. in a report on Wednesday, October 14th. BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $117.00 to $119.00 and gave the stock a “market perform” rating in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price target for the stock from $105.00 to $115.00 in a report on Thursday, September 3rd. Keefe, Bruyette & Woods cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $125.00 to $130.00 in a report on Wednesday. Finally, Morgan Stanley reiterated a “buy” rating and set a $106.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. currently has a consensus rating of “Buy” and a consensus price target of $111.34.

JPMorgan Chase & Co. Company 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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