Legacy Advisors LLC Cuts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

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Legacy Advisors LLC cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 21.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,494 shares of the financial services provider’s stock after selling 1,821 shares during the quarter. Legacy Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $764,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ascent Wealth Partners LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $4,564,000. Archford Capital Strategies LLC lifted its position in shares of JPMorgan Chase & Co. by 3.5% during the 4th quarter. Archford Capital Strategies LLC now owns 24,387 shares of the financial services provider’s stock valued at $2,381,000 after buying an additional 820 shares in the last quarter. Commonwealth Bank of Australia lifted its position in shares of JPMorgan Chase & Co. by 7.3% during the 4th quarter. Commonwealth Bank of Australia now owns 463,860 shares of the financial services provider’s stock valued at $45,274,000 after buying an additional 31,646 shares in the last quarter. Capital Wealth Planning LLC lifted its position in shares of JPMorgan Chase & Co. by 0.9% during the 4th quarter. Capital Wealth Planning LLC now owns 31,907 shares of the financial services provider’s stock valued at $3,116,000 after buying an additional 286 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of JPMorgan Chase & Co. by 8.9% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,053,483 shares of the financial services provider’s stock valued at $102,841,000 after buying an additional 86,138 shares in the last quarter. Institutional investors and hedge funds own 71.89% of the company’s stock.

A number of research analysts have weighed in on the company. Goldman Sachs Group restated a “neutral” rating and issued a $117.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Royal Bank of Canada set a $120.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Monday. Deutsche Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, June 28th. DZ Bank restated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, August 21st. Finally, ValuEngine upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $122.37.

In other news, insider Lori A. Beer sold 13,341 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total value of $1,524,609.48. Following the completion of the transaction, the insider now owns 10,130 shares in the company, valued at approximately $1,157,656.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mellody L. Hobson acquired 18,200 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $109.91 per share, with a total value of $2,000,362.00. Following the purchase, the director now directly owns 7,804 shares in the company, valued at approximately $857,737.64. The disclosure for this purchase can be found here. Company insiders own 0.76% of the company’s stock.

NYSE JPM traded up $2.40 during trading on Thursday, hitting $115.03. The stock had a trading volume of 566,112 shares, compared to its average volume of 11,629,760. The company has a market capitalization of $365.70 billion, a PE ratio of 12.76, a PEG ratio of 1.65 and a beta of 1.20. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.22. The firm has a 50 day moving average price of $113.82 and a 200 day moving average price of $111.30. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $120.40.

JPMorgan Chase & Co. (NYSE:JPM) last released its 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 company had revenue of $28.83 billion during the quarter, compared to the consensus estimate of $28.52 billion. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. JPMorgan Chase & Co.’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.29 EPS. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 9.89 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, October 3rd. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 40.00%.

JPMorgan Chase & Co. 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.

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

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