JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Cut by Schmidt P J Investment Management Inc.

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Schmidt P J Investment Management Inc. reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,480 shares of the financial services provider’s stock after selling 555 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $3,713,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Domani Wealth LLC lifted its holdings in shares of JPMorgan Chase & Co. by 2.1% in the first quarter. Domani Wealth LLC now owns 5,152 shares of the financial services provider’s stock valued at $464,000 after purchasing an additional 105 shares in the last quarter. Bay Harbor Wealth Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 18.3% in the second quarter. Bay Harbor Wealth Management LLC now owns 692 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 107 shares in the last quarter. Emerald Advisers LLC lifted its holdings in shares of JPMorgan Chase & Co. by 2.3% in the first quarter. Emerald Advisers LLC now owns 4,907 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 108 shares in the last quarter. Spotlight Asset Group Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 2.5% in the second quarter. Spotlight Asset Group Inc. now owns 4,453 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 108 shares in the last quarter. Finally, First National Bank Sioux Falls lifted its holdings in shares of JPMorgan Chase & Co. by 1.5% in the second quarter. First National Bank Sioux Falls now owns 7,567 shares of the financial services provider’s stock valued at $711,000 after purchasing an additional 114 shares in the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 24,554 shares of the firm’s stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total transaction of $2,443,614.08. 0.78% of the stock is owned by company insiders.

JPMorgan Chase & Co. stock opened at $96.64 on Friday. The company has a market capitalization of $294.46 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 3.24 and a beta of 1.19. The company’s fifty day moving average price is $96.77 and its two-hundred day moving average price is $105.48. JPMorgan Chase & Co. has a one year low of $76.91 and a one year high of $141.10. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.04. The company had revenue of $32.98 billion for the quarter, compared to the consensus estimate of $30.23 billion. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the business posted $2.82 earnings per share. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 5.96 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 6th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend was Thursday, July 2nd. JPMorgan Chase & Co.’s dividend payout ratio is 34.35%.

JPM has been the subject of a number of research analyst reports. Atlantic Securities upgraded JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $120.00 target price for the company in a report on Wednesday, July 22nd. Royal Bank of Canada set a $99.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Tuesday, April 14th. DA Davidson upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $102.00 to $117.00 in a report on Thursday, July 9th. Morgan Stanley reiterated a “buy” rating and set a $106.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 27th. Finally, Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 price objective for the company in a report on Thursday, July 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $110.89.

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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