Everett Harris & Co. CA Trims Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Everett Harris & Co. CA trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,991 shares of the financial services provider’s stock after selling 586 shares during the period. Everett Harris & Co. CA’s holdings in JPMorgan Chase & Co. were worth $1,692,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in JPM. Capital World Investors lifted its holdings in shares of JPMorgan Chase & Co. by 9.9% during the 1st quarter. Capital World Investors now owns 91,033,221 shares of the financial services provider’s stock worth $8,195,754,000 after acquiring an additional 8,187,609 shares during the period. Viking Global Investors LP purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth about $367,801,000. Franklin Resources Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 16.8% during the 1st quarter. Franklin Resources Inc. now owns 17,879,346 shares of the financial services provider’s stock worth $1,609,696,000 after acquiring an additional 2,566,973 shares during the period. Morgan Stanley lifted its holdings in shares of JPMorgan Chase & Co. by 6.4% during the 1st quarter. Morgan Stanley now owns 37,812,884 shares of the financial services provider’s stock worth $3,404,295,000 after acquiring an additional 2,262,845 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in shares of JPMorgan Chase & Co. by 9,974.9% during the 1st quarter. Two Sigma Advisers LP now owns 2,125,800 shares of the financial services provider’s stock worth $191,386,000 after acquiring an additional 2,104,700 shares during the period. Institutional investors and hedge funds own 71.35% of the company’s stock.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 24,554 shares of the firm’s stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total value of $2,443,614.08. Company insiders own 0.78% of the company’s stock.

Several research firms recently commented on JPM. Atlantic Securities upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $120.00 price target on the stock in a report on Wednesday, July 22nd. BMO Capital Markets raised their price target on shares of JPMorgan Chase & Co. from $108.00 to $119.00 in a report on Wednesday, July 15th. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Oppenheimer restated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. Finally, Morgan Stanley restated a “buy” rating and issued a $106.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $110.89.

Shares of NYSE JPM opened at $96.64 on Friday. 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 firm’s 50-day moving average price is $96.77 and its two-hundred day moving average price is $105.48. JPMorgan Chase & Co. has a 52-week low of $76.91 and a 52-week high of $141.10. The stock has a market capitalization of $294.46 billion, a P/E ratio of 13.04, a P/E/G ratio of 3.24 and a beta of 1.19.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping the Zacks’ 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 last year, the company posted $2.82 earnings per share. JPMorgan Chase & Co.’s revenue was up 14.7% on a year-over-year basis. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 5.96 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 6th were issued a $0.90 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 3.73%. JPMorgan Chase & Co.’s dividend payout ratio is currently 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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