Manchester Capital Management LLC Sells 889 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Manchester Capital Management LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 25,235 shares of the financial services provider’s stock after selling 889 shares during the period. Manchester Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,970,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Eukles Asset Management grew its position in shares of JPMorgan Chase & Co. by 36.5% during the 3rd quarter. Eukles Asset Management now owns 318 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 85 shares during the period. Morse Asset Management Inc lifted its stake in shares of JPMorgan Chase & Co. by 1.5% during the 2nd quarter. Morse Asset Management Inc now owns 5,781 shares of the financial services provider’s stock valued at $646,000 after buying an additional 86 shares in the last quarter. Shulman DeMeo Asset Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.8% during the 3rd quarter. Shulman DeMeo Asset Management LLC now owns 4,795 shares of the financial services provider’s stock valued at $564,000 after buying an additional 86 shares in the last quarter. Harvey Investment Co. LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Harvey Investment Co. LLC now owns 21,596 shares of the financial services provider’s stock valued at $2,414,000 after buying an additional 90 shares in the last quarter. Finally, TPG Financial Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 4.5% during the 3rd quarter. TPG Financial Advisors LLC now owns 2,104 shares of the financial services provider’s stock valued at $248,000 after buying an additional 90 shares in the last quarter. 71.90% of the stock is owned by institutional investors and hedge funds.

In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 64,198 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $130.91, for a total value of $8,404,160.18. Following the sale, the chief executive officer now directly owns 451,481 shares in the company, valued at approximately $59,103,377.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gordon Smith sold 83,289 shares of the 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 completion of the sale, the chief executive officer now owns 393,197 shares in the company, 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 over the last quarter. Corporate insiders own 0.76% of the company’s stock.

NYSE JPM traded up $0.38 on Friday, hitting $130.38. The stock had a trading volume of 9,160,446 shares, compared to its average volume of 12,174,789. 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 has a market capitalization of $404.92 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 1.81 and a beta of 1.21. The firm has a 50-day moving average of $120.77 and a 200-day moving average of $114.02.

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

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

A number of analysts recently commented on JPM shares. Goldman Sachs Group restated a “neutral” rating and set a $117.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. Royal Bank of Canada upped their price target on shares of JPMorgan Chase & Co. to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. UBS Group upped their price target on shares of JPMorgan Chase & Co. from $131.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. to $126.00 in a research note on Wednesday, October 16th. Finally, Credit Suisse Group set a $135.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, October 11th. One investment 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 company presently has an average rating of “Hold” and an average price target of $123.02.

JPMorgan Chase & Co. Company 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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