Boston Private Wealth LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 531,087 shares of the financial services provider’s stock after selling 18,933 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.2% of Boston Private Wealth LLC’s portfolio, making the stock its 11th largest holding. Boston Private Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $62,504,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in JPM. Personal Wealth Partners acquired a new stake in JPMorgan Chase & Co. during the second quarter worth $28,000. MRA Associates USA LLC acquired a new stake in JPMorgan Chase & Co. during the second quarter worth $30,000. Global Trust Asset Management LLC boosted its stake in JPMorgan Chase & Co. by 2,027.2% during the second quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock worth $33,000 after buying an additional 5,068 shares in the last quarter. Bridger Capital Management LLC acquired a new stake in JPMorgan Chase & Co. during the third quarter worth $33,000. Finally, Titan Capital Management LLC CA acquired a new stake in JPMorgan Chase & Co. during the second quarter worth $35,000. 71.90% of the stock is currently owned by institutional investors.
Shares of NYSE:JPM opened at $130.38 on Friday. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $131.29. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.97 and a current ratio of 0.93. The company’s fifty day moving average is $120.77 and its 200-day moving average is $114.02. The company has a market capitalization of $404.92 billion, a PE ratio of 14.49, a P/E/G ratio of 1.81 and a beta of 1.21.
JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $2.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.45 by $0.23. JPMorgan Chase & Co. had a net margin of 24.70% and a return on equity of 14.63%. The company had revenue of $29.34 billion for the quarter, compared to the consensus estimate of $28.36 billion. During the same quarter in the previous year, the company earned $2.34 EPS. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, analysts forecast that JPMorgan Chase & Co. will post 10.17 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Thursday, October 3rd. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. JPMorgan Chase & Co.’s payout ratio is currently 40.00%.
In other JPMorgan Chase & Co. news, Director Mellody L. Hobson purchased 16,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was acquired at an average cost of $124.65 per share, with a total value of $1,994,400.00. Following the completion of the acquisition, the director now directly owns 8,186 shares of the company’s stock, valued at approximately $1,020,384.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gordon Smith sold 83,289 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $119.98, for a total value of $9,993,014.22. Following the completion of the transaction, the chief executive officer now directly owns 393,197 shares of the company’s stock, valued at $47,175,776.06. The disclosure for this sale can be found here. Insiders sold a total of 152,944 shares of company stock worth $19,088,970 in the last 90 days. 0.76% of the stock is owned by corporate insiders.
A number of equities research analysts have weighed in on the stock. DZ Bank reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, August 21st. Societe Generale downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Morgan Stanley upgraded shares of JPMorgan Chase & Co. to an “overweight” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their price target on shares of JPMorgan Chase & Co. from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada lifted their price target on shares of JPMorgan Chase & Co. to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average price target of $123.02.
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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