British Airways Pensions Investment Management Ltd Sells 21,409 Shares of JPMorgan Chase & Co. (NYSE:JPM)

British Airways Pensions Investment Management Ltd reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 7.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 270,259 shares of the financial services provider’s stock after selling 21,409 shares during the period. JPMorgan Chase & Co. comprises approximately 1.3% of British Airways Pensions Investment Management Ltd’s investment portfolio, making the stock its 10th largest position. British Airways Pensions Investment Management Ltd’s holdings in JPMorgan Chase & Co. were worth $31,807,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nuveen Asset Management LLC boosted its position in JPMorgan Chase & Co. by 2,432.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 23,689,599 shares of the financial services provider’s stock worth $2,648,497,000 after buying an additional 22,754,332 shares during the period. Invesco Ltd. boosted its position in JPMorgan Chase & Co. by 39.8% during the 2nd quarter. Invesco Ltd. now owns 23,689,706 shares of the financial services provider’s stock worth $2,648,509,000 after buying an additional 6,745,215 shares during the period. Thoroughbred Financial Services LLC boosted its position in JPMorgan Chase & Co. by 11,601.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 4,973,970 shares of the financial services provider’s stock worth $497,397,000 after buying an additional 4,931,461 shares during the period. Renaissance Technologies LLC acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter worth approximately $331,575,000. Finally, Amundi Pioneer Asset Management Inc. boosted its position in JPMorgan Chase & Co. by 43.3% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 7,563,083 shares of the financial services provider’s stock worth $845,552,000 after buying an additional 2,283,575 shares during the period. Institutional investors own 71.90% of the company’s stock.

JPM has been the topic of several recent research reports. Buckingham Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 target price on the stock. in a research report on Monday, September 16th. They noted that the move was a valuation call. Royal Bank of Canada lifted their target price on shares of JPMorgan Chase & Co. to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Goldman Sachs Group reiterated a “neutral” rating and set a $117.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. Credit Suisse Group set a $135.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, October 11th. Finally, Societe Generale downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $123.02.

JPMorgan Chase & Co. stock opened at $130.38 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.97 and a current ratio of 0.93. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $131.29. The firm has a 50 day moving average price of $120.77 and a two-hundred day moving average price of $114.02. The firm has a market cap of $404.92 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 1.81 and a beta of 1.21.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $29.34 billion during the quarter, compared to analyst estimates of $28.36 billion. During the same quarter last year, the business earned $2.34 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 10.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued a dividend of $0.90 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. The ex-dividend date was Thursday, October 3rd. This represents a $3.60 annualized dividend and a yield of 2.76%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 40.00%.

In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 64,198 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $130.91, for a total transaction of $8,404,160.18. Following the completion of the transaction, the chief executive officer now owns 451,481 shares in the company, valued at approximately $59,103,377.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gordon Smith sold 83,289 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $119.98, for a total transaction of $9,993,014.22. Following the transaction, the chief executive officer now owns 393,197 shares of the company’s stock, valued at approximately $47,175,776.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,944 shares of company stock valued at $19,088,970. Company insiders own 0.76% of the company’s stock.

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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