JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Rampart Investment Management Company LLC

Rampart Investment Management Company LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,794 shares of the financial services provider’s stock after selling 653 shares during the period. Rampart Investment Management Company LLC’s holdings in JPMorgan Chase & Co. were worth $2,238,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital World Investors increased its holdings in JPMorgan Chase & Co. by 9.9% in the 1st quarter. Capital World Investors now owns 91,033,221 shares of the financial services provider’s stock valued at $8,195,754,000 after purchasing an additional 8,187,609 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 1.5% during the first quarter. Geode Capital Management LLC now owns 45,078,060 shares of the financial services provider’s stock valued at $4,050,836,000 after acquiring an additional 666,292 shares in the last quarter. Morgan Stanley grew its stake in shares of JPMorgan Chase & Co. by 6.4% during the first quarter. Morgan Stanley now owns 37,812,884 shares of the financial services provider’s stock valued at $3,404,295,000 after acquiring an additional 2,262,845 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of JPMorgan Chase & Co. by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 31,592,855 shares of the financial services provider’s stock valued at $2,844,306,000 after acquiring an additional 175,979 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of JPMorgan Chase & Co. by 2.2% during the first quarter. Legal & General Group Plc now owns 19,233,532 shares of the financial services provider’s stock valued at $1,735,777,000 after acquiring an additional 409,477 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

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

JPM has been the subject of several recent analyst reports. Credit Suisse Group set a $122.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Monday, May 18th. Atlantic Securities upgraded JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $120.00 target price for the company in a research note on Wednesday, July 22nd. Wells Fargo & Co raised their target price on JPMorgan Chase & Co. from $115.00 to $130.00 in a research note on Friday, June 5th. Odeon Capital Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $105.75 price target for the company in a research note on Wednesday, May 20th. Finally, Goldman Sachs Group upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $110.89.

JPM opened at $102.41 on Friday. The business’s 50 day moving average is $96.85 and its 200-day moving average is $102.82. The stock has a market cap of $312.11 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 3.33 and a beta of 1.18. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.35. JPMorgan Chase & Co. has a twelve month low of $76.91 and a twelve month high of $141.10.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.04. The company had revenue of $32.98 billion for the quarter, compared to analysts’ expectations of $30.23 billion. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.82 earnings per share. As a group, analysts forecast that JPMorgan Chase & Co. will post 5.96 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.52%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.

About JPMorgan Chase & Co.

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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