Haverford Financial Services Inc. Sells 229 Shares of JPMorgan Chase & Co. (NYSE:JPM)

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Haverford Financial Services Inc. lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 106,027 shares of the financial services provider’s stock after selling 229 shares during the period. JPMorgan Chase & Co. accounts for about 4.2% of Haverford Financial Services Inc.’s portfolio, making the stock its 6th biggest position. Haverford Financial Services Inc.’s holdings in JPMorgan Chase & Co. were worth $12,478,000 as of its most recent SEC filing.

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

In other news, CEO Gordon Smith sold 83,289 shares of JPMorgan Chase & Co. stock in a transaction 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 in the company, valued at approximately $47,175,776.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Daniel E. Pinto sold 64,198 shares of JPMorgan Chase & Co. 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 transaction, the chief executive officer now owns 451,481 shares in the company, valued at approximately $59,103,377.71. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,944 shares of company stock worth $19,088,970. Insiders own 0.76% of the company’s stock.

JPM stock traded up $0.38 during midday trading on Friday, reaching $130.38. The stock had a trading volume of 9,160,446 shares, compared to its average volume of 12,174,789. The company’s fifty day simple moving average is $120.77 and its 200 day simple moving average is $114.02. The company has a current ratio of 0.93, a quick ratio of 0.97 and a debt-to-equity ratio of 1.26. The company has a market cap 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. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $131.29.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.23. The company had revenue of $29.34 billion for the quarter, compared to analyst estimates of $28.36 billion. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.34 EPS. Sell-side analysts predict that JPMorgan Chase & Co. will post 10.17 EPS for the current year.

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

JPM has been the topic of a number of research analyst reports. Goldman Sachs Group reissued a “neutral” rating and issued a $117.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. UBS Group lifted 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. DZ Bank reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, August 21st. Societe Generale cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, Robert W. Baird raised their price objective on JPMorgan Chase & Co. from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average target price 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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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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