JPMorgan Chase & Co. (JPM) Holdings Cut by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 11.3% in the second quarter, HoldingsChannel reports. The firm owned 23,886 shares of the financial services provider’s stock after selling 3,045 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.0% of Dumont & Blake Investment Advisors LLC’s holdings, making the stock its 21st largest holding. Dumont & Blake Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,489,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Elite Wealth Management Inc. grew its position in shares of JPMorgan Chase & Co. by 4.1% during the 1st quarter. Elite Wealth Management Inc. now owns 17,891 shares of the financial services provider’s stock valued at $1,967,000 after acquiring an additional 701 shares during the period. Nuveen Asset Management LLC grew its position in shares of JPMorgan Chase & Co. by 2.7% during the 1st quarter. Nuveen Asset Management LLC now owns 1,124,172 shares of the financial services provider’s stock valued at $123,625,000 after acquiring an additional 29,540 shares during the period. Syntal Capital Partners LLC grew its position in shares of JPMorgan Chase & Co. by 11.3% during the 1st quarter. Syntal Capital Partners LLC now owns 9,963 shares of the financial services provider’s stock valued at $1,095,000 after acquiring an additional 1,013 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of JPMorgan Chase & Co. by 7.1% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 808,379 shares of the financial services provider’s stock valued at $88,897,000 after acquiring an additional 53,442 shares during the period. Finally, United Capital Financial Advisers LLC grew its position in shares of JPMorgan Chase & Co. by 0.7% during the 1st quarter. United Capital Financial Advisers LLC now owns 692,361 shares of the financial services provider’s stock valued at $76,139,000 after acquiring an additional 4,569 shares during the period. 70.56% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Gordon Smith sold 30,725 shares of the firm’s stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $114.01, for a total value of $3,502,957.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.73% of the stock is currently owned by company insiders.

JPM opened at $106.95 on Friday. The company has a market capitalization of $387.26 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17. JPMorgan Chase & Co. has a 12 month low of $94.96 and a 12 month high of $119.33. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.06. JPMorgan Chase & Co. had a net margin of 22.80% and a return on equity of 13.18%. During the same period in the prior year, the firm posted $1.76 earnings per share. On average, equities analysts expect that JPMorgan Chase & Co. will post 9.17 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, October 5th will be issued a $0.80 dividend. The ex-dividend date is Thursday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. This represents a $3.20 annualized dividend and a yield of 2.99%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 46.58%.

A number of research analysts have recently weighed in on the stock. Vining Sparks reissued a “buy” rating and set a $125.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday. Goldman Sachs Group set a $130.00 target price on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Friday. Citigroup increased their target price on shares of JPMorgan Chase & Co. from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, September 26th. Wolfe Research assumed coverage on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 25th. They set an “outperform” rating for the company. Finally, Bank of America increased their target price on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a research report on Monday, September 17th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $121.99.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

Read More: Price to Earnings Ratio (PE)

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

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