JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Perkins Coie Trust Co

Perkins Coie Trust Co cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,990 shares of the financial services provider’s stock after selling 78 shares during the quarter. Perkins Coie Trust Co’s holdings in JPMorgan Chase & Co. were worth $326,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Turim 21 Investimentos Ltda. purchased a new position in JPMorgan Chase & Co. in the second quarter worth $36,000. Advocacy Wealth Management Services LLC raised its position in JPMorgan Chase & Co. by 94.3% in the third quarter. Advocacy Wealth Management Services LLC now owns 309 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 150 shares in the last quarter. Capital Directions Investment Advisors LLC raised its position in JPMorgan Chase & Co. by 27.7% in the second quarter. Capital Directions Investment Advisors LLC now owns 392 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 85 shares in the last quarter. Activest Wealth Management raised its position in JPMorgan Chase & Co. by 284.8% in the third quarter. Activest Wealth Management now owns 431 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 319 shares in the last quarter. Finally, Ten Capital Wealth Advisors LLC raised its position in JPMorgan Chase & Co. by 19.2% in the second quarter. Ten Capital Wealth Advisors LLC now owns 460 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 74 shares in the last quarter. 69.51% of the stock is owned by hedge funds and other institutional investors.

JPM has been the subject of a number of research analyst reports. Morgan Stanley raised their price target on JPMorgan Chase & Co. from $150.00 to $166.00 and gave the company an “underweight” rating in a research report on Thursday, July 29th. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, October 25th. Royal Bank of Canada raised their price target on JPMorgan Chase & Co. from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, October 14th. BMO Capital Markets raised their price target on JPMorgan Chase & Co. from $139.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday, October 14th. Finally, The Goldman Sachs Group set a $198.00 price target on JPMorgan Chase & Co. in a research report on Wednesday, October 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $168.56.

Shares of NYSE:JPM opened at $168.28 on Wednesday. The stock’s 50-day moving average price is $165.89 and its two-hundred day moving average price is $160.46. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.17. JPMorgan Chase & Co. has a 12-month low of $117.77 and a 12-month high of $172.96. The firm has a market cap of $497.31 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 2.15 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, October 13th. The financial services provider reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.74. JPMorgan Chase & Co. had a return on equity of 19.89% and a net margin of 39.41%. The firm had revenue of $29.60 billion for the quarter, compared to analyst estimates of $29.63 billion. During the same period last year, the company earned $2.92 EPS. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. As a group, research analysts forecast that JPMorgan Chase & Co. will post 14.95 earnings per share for the current fiscal year.

The company also recently disclosed a dividend, which was paid on Wednesday, November 17th. Stockholders of record on Monday, November 15th were paid a $0.25 dividend. The ex-dividend date was Friday, November 12th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.30%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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