Bedrijfstakpensioenfonds Voor DE Media PNO cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 211,000 shares of the financial services provider’s stock after selling 14,000 shares during the period. JPMorgan Chase & Co. makes up about 3.5% of Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings, making the stock its 8th biggest position. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in JPMorgan Chase & Co. were worth $21,986,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in JPM. SevenBridge Financial Group LLC raised its position in JPMorgan Chase & Co. by 1.4% during the first quarter. SevenBridge Financial Group LLC now owns 32,749 shares of the financial services provider’s stock valued at $3,517,000 after buying an additional 459 shares during the period. Sunbelt Securities Inc. grew its stake in JPMorgan Chase & Co. by 3.4% in the first quarter. Sunbelt Securities Inc. now owns 13,919 shares of the financial services provider’s stock valued at $1,531,000 after purchasing an additional 462 shares in the last quarter. Cadence Bank NA grew its stake in JPMorgan Chase & Co. by 0.9% in the first quarter. Cadence Bank NA now owns 54,679 shares of the financial services provider’s stock valued at $6,013,000 after purchasing an additional 467 shares in the last quarter. Stokes & Hubbell Capital Management LLC grew its stake in JPMorgan Chase & Co. by 2.4% in the second quarter. Stokes & Hubbell Capital Management LLC now owns 20,136 shares of the financial services provider’s stock valued at $2,098,000 after purchasing an additional 469 shares in the last quarter. Finally, LVM Capital Management Ltd. MI grew its stake in JPMorgan Chase & Co. by 7.3% in the second quarter. LVM Capital Management Ltd. MI now owns 6,952 shares of the financial services provider’s stock valued at $724,000 after purchasing an additional 475 shares in the last quarter. 70.51% of the stock is currently owned by institutional investors.

JPM has been the topic of a number of recent research reports. UBS Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. BMO Capital Markets boosted their target price on JPMorgan Chase & Co. from $110.00 to $118.00 and gave the company a “market perform” rating in a research note on Monday, July 16th. DZ Bank upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Bank of America boosted their target price on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a research note on Monday, September 17th. Finally, Goldman Sachs Group restated a “neutral” rating and issued a $124.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 16th. Eleven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $122.13.

In other news, CEO Gordon Smith sold 30,725 shares of the company’s stock in a transaction dated Monday, July 23rd. The stock was sold at an average price of $114.01, for a total transaction of $3,502,957.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.73% of the company’s stock.

JPM opened at $115.02 on Thursday. The stock has a market cap of $400.58 billion, a PE ratio of 16.74, a P/E/G ratio of 1.91 and a beta of 1.16. JPMorgan Chase & Co. has a 52-week low of $94.58 and a 52-week high of $119.33. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, July 13th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.07. The company had revenue of $27.75 billion during the quarter, compared to the consensus estimate of $27.62 billion. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%. equities research analysts forecast that JPMorgan Chase & Co. will post 9.15 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Friday, October 5th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Thursday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. JPMorgan Chase & Co.’s dividend payout ratio is 32.61%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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