Hyman Charles D reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the second quarter, Holdings Channel reports. The institutional investor owned 28,360 shares of the financial services provider’s stock after selling 130 shares during the period. Hyman Charles D’s holdings in JPMorgan Chase & Co. were worth $1,762,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of JPM. Thomaspartners Inc. increased its position in JPMorgan Chase & Co. by 2.8% in the first quarter. Thomaspartners Inc. now owns 2,209,051 shares of the financial services provider’s stock worth $130,820,000 after buying an additional 59,821 shares during the last quarter. Royal Bank of Scotland Group PLC increased its position in JPMorgan Chase & Co. by 0.6% in the first quarter. Royal Bank of Scotland Group PLC now owns 533,397 shares of the financial services provider’s stock valued at $31,588,000 after buying an additional 3,010 shares during the last quarter. Aviva PLC increased its position in JPMorgan Chase & Co. by 1.4% in the first quarter. Aviva PLC now owns 2,598,743 shares of the financial services provider’s stock valued at $153,898,000 after buying an additional 35,131 shares during the last quarter. Marathon Asset Management LLP increased its position in JPMorgan Chase & Co. by 1.9% in the second quarter. Marathon Asset Management LLP now owns 398,477 shares of the financial services provider’s stock valued at $24,763,000 after buying an additional 7,247 shares during the last quarter. Finally, Primecap Management Co. CA increased its position in JPMorgan Chase & Co. by 43.5% in the first quarter. Primecap Management Co. CA now owns 20,518,581 shares of the financial services provider’s stock valued at $1,215,110,000 after buying an additional 6,218,550 shares during the last quarter. 73.34% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. (NYSE:JPM) traded up 0.57% on Wednesday, hitting $66.84. 14,109,003 shares of the company’s stock traded hands. The stock has a market cap of $241.39 billion, a P/E ratio of 11.33 and a beta of 1.65. The stock has a 50 day moving average price of $66.18 and a 200-day moving average price of $63.10. JPMorgan Chase & Co. has a 12 month low of $52.50 and a 12 month high of $69.03.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Thursday, July 14th. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.12. The company earned $24.40 billion during the quarter, compared to the consensus estimate of $23.84 billion. JPMorgan Chase & Co. had a return on equity of 10.20% and a net margin of 24.47%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.54 EPS. Equities analysts predict that JPMorgan Chase & Co. will post $5.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 6th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.87%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.54%.

Several research analysts have weighed in on JPM shares. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday. Nomura lowered their price objective on shares of JPMorgan Chase & Co. from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, September 7th. Macquarie downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $72.00 to $70.00 in a report on Friday, September 9th. Deutsche Bank AG restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 29th. Finally, Societe Generale restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 6th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the stock. JPMorgan Chase & Co. presently has an average rating of “Buy” and an average target price of $71.34.

In other JPMorgan Chase & Co. news, EVP Gordon Smith sold 23,735 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $64.05, for a total value of $1,520,226.75. Following the completion of the transaction, the executive vice president now directly owns 152,462 shares in the company, valued at approximately $9,765,191.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Matthew E. Zames sold 3,991 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $63.91, for a total value of $255,064.81. Following the completion of the transaction, the chief operating officer now owns 282,287 shares of the company’s stock, valued at $18,040,962.17. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.

JPMorgan Chase & Co. Company 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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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