JPMorgan Chase & Co. (JPM) Shares Sold by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the 3rd quarter, Holdings Channel reports. The firm owned 305,203 shares of the financial services provider’s stock after selling 1,685 shares during the period. JPMorgan Chase & Co. accounts for approximately 5.9% of Fishman Jay A Ltd. MI’s holdings, making the stock its 3rd largest holding. Fishman Jay A Ltd. MI’s holdings in JPMorgan Chase & Co. were worth $29,150,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Jacobus Wealth Management Inc. lifted its stake in JPMorgan Chase & Co. by 0.3% during the 3rd quarter. Jacobus Wealth Management Inc. now owns 194,771 shares of the financial services provider’s stock worth $18,603,000 after acquiring an additional 595 shares in the last quarter. Lincoln National Corp lifted its stake in JPMorgan Chase & Co. by 7.1% during the 3rd quarter. Lincoln National Corp now owns 29,511 shares of the financial services provider’s stock worth $2,818,000 after acquiring an additional 1,963 shares in the last quarter. Mitchell Capital Management Co. acquired a new position in JPMorgan Chase & Co. during the 3rd quarter worth about $278,000. Verity & Verity LLC lifted its stake in JPMorgan Chase & Co. by 0.7% during the 3rd quarter. Verity & Verity LLC now owns 99,265 shares of the financial services provider’s stock worth $9,480,000 after acquiring an additional 719 shares in the last quarter. Finally, First Merchants Corp lifted its stake in JPMorgan Chase & Co. by 207.7% during the 3rd quarter. First Merchants Corp now owns 141,120 shares of the financial services provider’s stock worth $13,479,000 after acquiring an additional 95,253 shares in the last quarter. 73.78% of the stock is currently owned by institutional investors and hedge funds.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the transaction, the general counsel now owns 15,279 shares in the company, valued at approximately $1,557,846.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.88% of the company’s stock.

Several research firms recently issued reports on JPM. Vetr lowered JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 target price on the stock. in a research note on Wednesday, January 10th. Nomura set a $115.00 target price on JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research note on Friday. Vining Sparks reissued a “buy” rating and set a $120.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday. Argus increased their target price on JPMorgan Chase & Co. from $109.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Deutsche Bank lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and increased their target price for the stock from $90.00 to $96.00 in a research note on Tuesday, September 26th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $102.52.

Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $112.67 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03. The stock has a market capitalization of $390,930.00, a PE ratio of 17.66, a price-to-earnings-growth ratio of 2.05 and a beta of 1.22. JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $112.85.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The business had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. During the same quarter in the prior year, the business posted $1.71 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. equities research analysts expect that JPMorgan Chase & Co. will post 8.25 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be issued a $0.56 dividend. The ex-dividend date is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.99%. JPMorgan Chase & Co.’s payout ratio is currently 35.11%.

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About JPMorgan Chase & Co.

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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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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