Intellectus Partners LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,603 shares of the financial services provider’s stock after selling 175 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.0% of Intellectus Partners LLC’s portfolio, making the stock its 22nd biggest holding. Intellectus Partners LLC’s holdings in JPMorgan Chase & Co. were worth $2,189,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Personal Wealth Partners purchased a new position in shares of JPMorgan Chase & Co. during the second quarter worth approximately $28,000. MRA Associates USA LLC purchased a new position in shares of JPMorgan Chase & Co. in the second quarter worth $30,000. Titan Capital Management LLC CA purchased a new position in shares of JPMorgan Chase & Co. in the second quarter worth $35,000. Redhawk Wealth Advisors Inc. purchased a new position in shares of JPMorgan Chase & Co. in the second quarter worth $56,000. Finally, Sound Income Strategies LLC increased its stake in shares of JPMorgan Chase & Co. by 126.7% in the second quarter. Sound Income Strategies LLC now owns 510 shares of the financial services provider’s stock worth $57,000 after buying an additional 285 shares during the period. 71.89% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently commented on JPM shares. ValuEngine raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. DZ Bank reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, August 21st. Credit Suisse Group set a $135.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday. Royal Bank of Canada set a $120.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Monday. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and issued a $117.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $122.59.
In related news, EVP Peter Scher sold 10,816 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total value of $1,243,840.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mellody L. Hobson purchased 18,200 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $109.91 per share, for a total transaction of $2,000,362.00. Following the acquisition, the director now owns 7,804 shares of the company’s stock, valued at $857,737.64. The disclosure for this purchase can be found here. Insiders own 0.76% of the company’s stock.
NYSE:JPM traded up $2.67 during trading hours on Friday, hitting $116.88. The company had a trading volume of 517,398 shares, compared to its average volume of 11,492,522. The company has a market capitalization of $357.54 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 1.62 and a beta of 1.20. The stock has a 50-day moving average price of $113.95 and a 200 day moving average price of $111.37. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $120.40. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 0.97.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.32. The business had revenue of $28.83 billion for the quarter, compared to analysts’ expectations of $28.52 billion. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.29 earnings per share. Analysts anticipate that JPMorgan Chase & Co. will post 9.89 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be issued a $0.90 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $3.60 annualized dividend and a yield of 3.08%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. JPMorgan Chase & Co.’s payout ratio is 40.00%.
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 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.
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.