Dodge & Cox Decreases Stake in JPMorgan Chase & Co. (JPM)

Dodge & Cox reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,936,752 shares of the financial services provider’s stock after selling 130,450 shares during the period. JPMorgan Chase & Co. makes up 2.2% of Dodge & Cox’s holdings, making the stock its 15th biggest position. Dodge & Cox owned 0.73% of JPMorgan Chase & Co. worth $2,813,863,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Arlington Partners LLC lifted its stake in shares of JPMorgan Chase & Co. by 126.6% in the third quarter. Arlington Partners LLC now owns 895 shares of the financial services provider’s stock worth $101,000 after buying an additional 500 shares in the last quarter. O Brien Wealth Partners LLC lifted its stake in shares of JPMorgan Chase & Co. by 1,120.9% in the third quarter. O Brien Wealth Partners LLC now owns 1,111 shares of the financial services provider’s stock worth $125,000 after buying an additional 1,020 shares in the last quarter. Quad Cities Investment Group LLC purchased a new position in JPMorgan Chase & Co. during the second quarter worth about $124,000. Kwmg LLC purchased a new position in JPMorgan Chase & Co. during the second quarter worth about $158,000. Finally, Cahaba Wealth Management Inc. purchased a new position in JPMorgan Chase & Co. during the third quarter worth about $200,000. 69.08% of the stock is currently owned by hedge funds and other institutional investors.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,831 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, January 16th. The shares were sold at an average price of $102.78, for a total transaction of $599,310.18. Following the completion of the sale, the insider now directly owns 98,838 shares in the company, valued at $10,158,569.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Peter Scher sold 18,679 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 29th. The shares were sold at an average price of $105.00, for a total transaction of $1,961,295.00. Following the sale, the insider now owns 23,471 shares of the company’s stock, valued at $2,464,455. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,191 shares of company stock valued at $4,102,110. Company insiders own 0.73% of the company’s stock.

A number of brokerages have commented on JPM. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. ValuEngine downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Thursday, December 6th. Barclays reaffirmed a “buy” rating and set a $140.00 target price on shares of JPMorgan Chase & Co. in a research note on Thursday, February 21st. BMO Capital Markets reduced their target price on shares of JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating on the stock in a research note on Thursday, February 28th. Finally, Credit Suisse Group reduced their target price on shares of JPMorgan Chase & Co. from $130.00 to $128.00 and set an “outperform” rating on the stock in a research note on Friday, December 7th. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $122.87.

Shares of JPM opened at $106.55 on Friday. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $119.24. The stock has a market cap of $365.68 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 1.60 and a beta of 1.12. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.22). JPMorgan Chase & Co. had a net margin of 24.71% and a return on equity of 14.07%. The company had revenue of $26.10 billion for the quarter, compared to analyst estimates of $26.69 billion. During the same quarter in the prior year, the business earned $1.76 earnings per share. JPMorgan Chase & Co.’s revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 9.73 earnings per share for the current fiscal year.

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JPMorgan Chase & Co. Profile

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.

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

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