Poehling Capital Management LLC Cuts Position in JPMorgan Chase & Co. (NYSE:JPM)

Poehling Capital Management LLC lessened its position in JPMorgan Chase & Co. (NYSE:JPM) by 6.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,918 shares of the financial services provider’s stock after selling 1,700 shares during the period. Poehling Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of JPM. Morgan Stanley lifted its stake in shares of JPMorgan Chase & Co. by 6.4% in the first quarter. Morgan Stanley now owns 37,812,884 shares of the financial services provider’s stock worth $3,404,295,000 after buying an additional 2,262,845 shares in the last quarter. Eastern Bank lifted its stake in shares of JPMorgan Chase & Co. by 8.8% in the second quarter. Eastern Bank now owns 352,552 shares of the financial services provider’s stock worth $33,162,000 after buying an additional 28,642 shares in the last quarter. Vantage Investment Partners LLC lifted its stake in shares of JPMorgan Chase & Co. by 87.7% in the second quarter. Vantage Investment Partners LLC now owns 144,906 shares of the financial services provider’s stock worth $13,630,000 after buying an additional 67,724 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of JPMorgan Chase & Co. in the second quarter worth approximately $119,000. Finally, First Trust Advisors LP lifted its stake in shares of JPMorgan Chase & Co. by 6.1% in the second quarter. First Trust Advisors LP now owns 908,804 shares of the financial services provider’s stock worth $85,482,000 after buying an additional 51,895 shares in the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

JPM has been the topic of a number of research analyst reports. Morgan Stanley restated a “buy” rating and set a $106.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 27th. Independent Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price objective for the company from $100.00 to $110.00 in a research report on Tuesday, September 29th. TheStreet upgraded shares of JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a research report on Tuesday, August 4th. Royal Bank of Canada restated a “buy” rating and set a $110.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. Finally, BMO Capital Markets increased their price objective on shares of JPMorgan Chase & Co. from $117.00 to $119.00 and gave the company a “market perform” rating in a research report on Wednesday, October 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $111.34.

In related news, CFO Jennifer Piepszak sold 3,297 shares of the firm’s stock in a transaction 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 firm’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $100.98, for a total transaction of $230,335.38. Company insiders own 0.78% of the company’s stock.

Shares of NYSE JPM opened at $114.57 on Friday. The firm has a fifty day moving average price of $103.80 and a 200-day moving average price of $99.04. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $349.23 billion, a PE ratio of 14.98, a price-to-earnings-growth 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, topping the Zacks’ consensus estimate of $2.23 by $0.69. The firm had revenue of $29.90 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the company posted $2.68 earnings per share. On average, research analysts expect that JPMorgan Chase & Co. will post 7.47 EPS for the current year.

The company 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. The ex-dividend date was Monday, October 5th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.14%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) 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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