K.J. Harrison & Partners Inc trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 28.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,143 shares of the financial services provider’s stock after selling 15,061 shares during the period. JPMorgan Chase & Co. comprises 1.2% of K.J. Harrison & Partners Inc’s investment portfolio, making the stock its 25th largest position. K.J. Harrison & Partners Inc’s holdings in JPMorgan Chase & Co. were worth $3,547,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the business. Private Vista LLC bought a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $102,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $102,000. Atlantic Trust LLC bought a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $136,000. Northwest Investment Counselors LLC bought a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $165,000. Finally, Capital Advisors Ltd. LLC boosted its position in shares of JPMorgan Chase & Co. by 53.0% during the second quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 670 shares in the last quarter. 73.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of JPMorgan Chase & Co. (NYSE JPM) traded up $1.83 during trading on Friday, reaching $112.67. The company had a trading volume of 18,879,980 shares, compared to its average volume of 14,580,000. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $112.85. The company has a market capitalization of $390,930.00, a price-to-earnings ratio of 16.16, a PEG ratio of 2.01 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The business had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. During the same period in the prior year, the business posted $1.71 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. sell-side analysts predict that JPMorgan Chase & Co. will post 6.9 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a yield of 1.99%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.14%.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the sale, the general counsel now directly owns 15,279 shares in the company, valued at $1,557,846.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.88% of the company’s stock.
JPM has been the topic of several analyst reports. Jefferies Group reissued a “buy” rating and issued a $102.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, September 15th. Robert W. Baird reissued a “hold” rating and issued a $88.00 target price on shares of JPMorgan Chase & Co. in a report on Thursday, September 21st. Deutsche Bank cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and boosted their price target for the stock from $90.00 to $96.00 in a research note on Tuesday, September 26th. Citigroup boosted their price target on JPMorgan Chase & Co. from $90.00 to $96.00 and gave the stock a “neutral” rating in a research note on Friday, October 6th. Finally, Credit Suisse Group restated a “buy” rating and issued a $110.00 price target (up previously from $103.00) on shares of JPMorgan Chase & Co. in a research note on Monday, October 9th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $102.52.
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JPMorgan Chase & Co. Profile
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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