Accredited Investors Inc. Trims Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Accredited Investors Inc. reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,826 shares of the financial services provider’s stock after selling 801 shares during the quarter. Accredited Investors Inc.’s holdings in JPMorgan Chase & Co. were worth $1,394,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of JPM. Your Advocates Ltd. LLP grew its position in shares of JPMorgan Chase & Co. by 250.0% in the 2nd quarter. Your Advocates Ltd. LLP now owns 175 shares of the financial services provider’s stock worth $67,000 after buying an additional 125 shares during the period. NuWave Investment Management LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter worth about $30,000. Lion Street Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the 1st quarter valued at about $37,000. Horan Securities Inc. purchased a new stake in JPMorgan Chase & Co. during the 1st quarter valued at about $45,000. Finally, Efficient Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. during the 1st quarter valued at about $51,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Mary E. Erdoes sold 24,554 shares of the stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total value of $2,443,614.08. 0.78% of the stock is owned by corporate insiders.

Several analysts recently commented on the stock. Goldman Sachs Group raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Friday, July 24th. Berenberg Bank increased their price objective on shares of JPMorgan Chase & Co. from $77.00 to $80.00 and gave the company a “sell” rating in a research report on Monday, July 20th. Royal Bank of Canada set a $99.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Tuesday, April 14th. DA Davidson raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and increased their price objective for the company from $102.00 to $117.00 in a research report on Thursday, July 9th. Finally, BMO Capital Markets increased their price objective on shares of JPMorgan Chase & Co. from $108.00 to $119.00 in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. JPMorgan Chase & Co. has an average rating of “Buy” and an average target price of $110.89.

Shares of NYSE:JPM opened at $96.64 on Friday. The firm’s 50 day moving average price is $96.77 and its 200-day moving average price is $105.48. JPMorgan Chase & Co. has a twelve month low of $76.91 and a twelve month high of $141.10. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $294.46 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 3.24 and a beta of 1.19.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.04. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. The firm had revenue of $32.98 billion for the quarter, compared to analysts’ expectations of $30.23 billion. During the same quarter in the prior year, the business earned $2.82 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 5.96 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.73%. The ex-dividend date was Thursday, July 2nd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.

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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