Bingham Osborn & Scarborough LLC Sells 492 Shares of JPMorgan Chase & Co. (NYSE:JPM)

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Bingham Osborn & Scarborough LLC reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,596 shares of the financial services provider’s stock after selling 492 shares during the quarter. Bingham Osborn & Scarborough LLC’s holdings in JPMorgan Chase & Co. were worth $2,071,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Personal Wealth Partners purchased a new position in JPMorgan Chase & Co. during the second quarter valued at $28,000. MRA Associates USA LLC purchased a new position in JPMorgan Chase & Co. during the second quarter valued at $30,000. Global Trust Asset Management LLC raised 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 valued at $33,000 after buying an additional 5,068 shares during the last quarter. Bridger Capital Management LLC purchased a new position in JPMorgan Chase & Co. during the third quarter valued at $33,000. Finally, Titan Capital Management LLC CA purchased a new position in JPMorgan Chase & Co. during the second quarter valued at $35,000. Hedge funds and other institutional investors own 71.90% of the company’s stock.

In other news, insider Nicole Giles sold 863 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $126.73, for a total value of $109,367.99. Following the completion of the transaction, the insider now owns 8,949 shares in the company, valued at $1,134,106.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel E. Pinto sold 64,198 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $130.91, for a total value of $8,404,160.18. Following the completion of the transaction, the chief executive officer now owns 451,481 shares of the company’s stock, valued at approximately $59,103,377.71. The disclosure for this sale can be found here. Insiders sold 152,944 shares of company stock valued at $19,088,970 in the last 90 days. Company insiders own 0.76% of the company’s stock.

JPM stock opened at $130.38 on Friday. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $131.29. The business has a fifty day moving average price of $120.77 and a 200-day moving average price of $114.02. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.97. The stock has a market capitalization of $404.92 billion, a P/E ratio of 14.49, a P/E/G ratio of 1.81 and a beta of 1.21.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.45 by $0.23. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. The firm had revenue of $29.34 billion during the quarter, compared to analysts’ expectations of $28.36 billion. During the same quarter in the previous year, the business earned $2.34 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. As a group, analysts anticipate that JPMorgan Chase & Co. will post 10.17 earnings per share for the current year.

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

A number of research analysts have issued reports on JPM shares. BMO Capital Markets lifted their price objective on JPMorgan Chase & Co. to $126.00 in a research note on Wednesday, October 16th. Robert W. Baird lifted their price objective on JPMorgan Chase & Co. from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Morgan Stanley upgraded JPMorgan Chase & Co. to an “overweight” rating in a research note on Wednesday, October 30th. Wells Fargo & Co set a $125.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, ValuEngine upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average target price 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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