Silicon Valley Capital Partners Sells 1,073 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Silicon Valley Capital Partners lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 18.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,854 shares of the financial services provider’s stock after selling 1,073 shares during the period. Silicon Valley Capital Partners’ holdings in JPMorgan Chase & Co. were worth $547,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of JPMorgan Chase & Co. by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 266,854,574 shares of the financial services provider’s stock valued at $36,377,615,000 after buying an additional 6,792,220 shares in the last quarter. State Street Corp increased its holdings in JPMorgan Chase & Co. by 1.6% during the 4th quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock worth $22,441,376,000 after purchasing an additional 2,277,065 shares in the last quarter. Capital Research Global Investors increased its holdings in JPMorgan Chase & Co. by 4.5% during the 1st quarter. Capital Research Global Investors now owns 36,611,171 shares of the financial services provider’s stock worth $4,990,845,000 after purchasing an additional 1,590,742 shares in the last quarter. Norges Bank bought a new position in JPMorgan Chase & Co. during the 4th quarter worth about $4,092,843,000. Finally, Dimensional Fund Advisors LP increased its holdings in JPMorgan Chase & Co. by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 19,360,635 shares of the financial services provider’s stock worth $2,639,810,000 after purchasing an additional 877,422 shares in the last quarter. Institutional investors own 68.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on JPM shares. Deutsche Bank Aktiengesellschaft lowered their target price on JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” rating for the company in a report on Monday, September 12th. Oppenheimer lowered their target price on JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a report on Friday, July 15th. Credit Suisse Group set a $145.00 target price on JPMorgan Chase & Co. in a report on Monday, August 8th. Berenberg Bank upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 target price for the company in a report on Monday, July 18th. Finally, Evercore ISI reduced their price objective on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research note on Friday, July 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $145.95.

JPMorgan Chase & Co. Trading Down 1.1 %

Shares of NYSE:JPM opened at $111.21 on Friday. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96. The company has a market capitalization of $326.13 billion, a P/E ratio of 8.93, a price-to-earnings-growth ratio of 2.04 and a beta of 1.10. The company has a 50-day simple moving average of $116.09 and a 200 day simple moving average of $122.16. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.83 and a current ratio of 0.83.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.85 by ($0.09). JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The firm had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. During the same quarter last year, the business posted $3.78 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. Sell-side analysts forecast that JPMorgan Chase & Co. will post 11.33 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $4.00 annualized dividend and a yield of 3.60%. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.10%.

About JPMorgan Chase & Co.

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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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

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

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