JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by US Bancorp DE

US Bancorp DE reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,098,396 shares of the financial services provider’s stock after selling 107,438 shares during the period. JPMorgan Chase & Co. accounts for about 1.0% of US Bancorp DE’s investment portfolio, making the stock its 19th biggest holding. US Bancorp DE owned about 0.14% of JPMorgan Chase & Co. worth $596,071,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JSF Financial LLC grew its position in JPMorgan Chase & Co. by 0.6% during the 2nd quarter. JSF Financial LLC now owns 10,680 shares of the financial services provider’s stock worth $1,553,000 after purchasing an additional 65 shares in the last quarter. Red Wave Investments LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.4% during the 2nd quarter. Red Wave Investments LLC now owns 4,719 shares of the financial services provider’s stock valued at $686,000 after acquiring an additional 65 shares in the last quarter. Riverview Capital Advisers LLC grew its holdings in shares of JPMorgan Chase & Co. by 4.2% during the 2nd quarter. Riverview Capital Advisers LLC now owns 1,654 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 66 shares in the last quarter. Keystone Wealth Services LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.6% during the 2nd quarter. Keystone Wealth Services LLC now owns 4,129 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 67 shares in the last quarter. Finally, Carmel Capital Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.8% during the 2nd quarter. Carmel Capital Partners LLC now owns 2,434 shares of the financial services provider’s stock valued at $354,000 after acquiring an additional 67 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 0.9 %

Shares of JPM opened at $152.82 on Monday. The company has a 50-day simple moving average of $145.05 and a 200-day simple moving average of $145.20. The firm has a market capitalization of $441.80 billion, a P/E ratio of 9.12, a P/E/G ratio of 1.80 and a beta of 1.12. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.90 and a current ratio of 0.90. JPMorgan Chase & Co. has a 52 week low of $123.11 and a 52 week high of $159.38.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 13th. The financial services provider reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $3.95 by $0.38. The business had revenue of $40.69 billion during the quarter, compared to analyst estimates of $39.63 billion. JPMorgan Chase & Co. had a net margin of 22.79% and a return on equity of 17.97%. The firm’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.12 earnings per share. On average, equities research analysts expect that JPMorgan Chase & Co. will post 16.67 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were paid a $1.05 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $4.20 dividend on an annualized basis and a yield of 2.75%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. JPMorgan Chase & Co.’s payout ratio is presently 25.07%.

Analysts Set New Price Targets

Several equities analysts have recently commented on JPM shares. Atlantic Securities boosted their price target on shares of JPMorgan Chase & Co. from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Tuesday, August 1st. Evercore ISI lifted their price objective on shares of JPMorgan Chase & Co. from $158.00 to $167.00 in a research note on Thursday, October 5th. Oppenheimer lifted their price objective on shares of JPMorgan Chase & Co. from $233.00 to $243.00 and gave the company an “outperform” rating in a research note on Thursday. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Finally, BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $167.00 to $171.00 and gave the company a “market perform” rating in a research note on Monday, October 16th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $168.80.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 4,310 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $144.86, for a total value of $624,346.60. Following the sale, the general counsel now owns 53,425 shares of the company’s stock, valued at $7,739,145.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.