Crewe Advisors LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,661 shares of the financial services provider’s stock after selling 192 shares during the quarter. Crewe Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Personal Wealth Partners acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $28,000. MRA Associates USA LLC acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $30,000. Bridger Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $33,000. Vista Private Wealth Partners. LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $35,000. Finally, Titan Capital Management LLC CA acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $35,000. 73.24% of the stock is currently owned by institutional investors.
JPM has been the subject of a number of research reports. UBS Group lifted their target price on JPMorgan Chase & Co. from $131.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley raised JPMorgan Chase & Co. to an “overweight” rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their target price on JPMorgan Chase & Co. to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. DZ Bank reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, August 21st. Finally, ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $123.02.
In other news, CEO Gordon Smith sold 83,289 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $119.98, for a total value of $9,993,014.22. Following the completion of the sale, the chief executive officer now directly owns 393,197 shares in the company, valued at $47,175,776.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel E. Pinto sold 64,198 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $130.91, for a total value of $8,404,160.18. Following the completion of the sale, the chief executive officer now owns 451,481 shares of the company’s stock, valued at $59,103,377.71. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,944 shares of company stock valued at $19,088,970. 0.76% of the stock is owned by company insiders.
JPM stock traded down $0.49 during trading on Thursday, hitting $127.99. 2,786,878 shares of the company traded hands, compared to its average volume of 11,641,236. The stock’s 50-day simple moving average is $121.62 and its 200 day simple moving average is $114.34. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $407.49 billion, a PE ratio of 14.22, a P/E/G ratio of 1.82 and a beta of 1.21. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $131.29.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.23. The company had revenue of $29.34 billion during the quarter, compared to analysts’ expectations of $28.36 billion. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. JPMorgan Chase & Co.’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business earned $2.34 earnings per share. Research analysts expect that JPMorgan Chase & Co. will post 10.17 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a dividend of $0.90 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Thursday, October 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 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.
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