Hallmark Capital Management Inc. lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 35,477 shares of the financial services provider’s stock after selling 1,815 shares during the period. Hallmark Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $3,389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in JPM. Vanguard Group Inc. grew its holdings in JPMorgan Chase & Co. by 1.5% in the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after purchasing an additional 3,717,683 shares during the period. Northern Trust Corp grew its holdings in JPMorgan Chase & Co. by 1.8% in the second quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock worth $4,475,468,000 after purchasing an additional 847,463 shares during the period. Capital Research Global Investors grew its holdings in JPMorgan Chase & Co. by 2.5% in the second quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock worth $2,898,729,000 after purchasing an additional 765,082 shares during the period. Dimensional Fund Advisors LP grew its holdings in JPMorgan Chase & Co. by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock worth $2,621,677,000 after purchasing an additional 176,306 shares during the period. Finally, Legal & General Group Plc grew its holdings in JPMorgan Chase & Co. by 2.1% in the second quarter. Legal & General Group Plc now owns 17,769,351 shares of the financial services provider’s stock worth $1,624,143,000 after purchasing an additional 369,878 shares during the period. Institutional investors own 73.76% of the company’s stock.

Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $108.50 on Tuesday. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $110.03. The company has a market cap of $376,470.00, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 2.04 and a beta of 1.22. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.09. JPMorgan Chase & Co. had a net margin of 24.08% and a return on equity of 11.68%. The business had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. During the same period in the prior year, the company earned $1.58 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. equities research analysts predict that JPMorgan Chase & Co. will post 6.91 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a yield of 2.06%. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.14%.

A number of brokerages have weighed in on JPM. Deutsche Bank cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and upped their price objective for the stock from $90.00 to $96.00 in a report on Tuesday, September 26th. Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, October 6th. Robert W. Baird upped their target price on shares of JPMorgan Chase & Co. from $88.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, October 13th. Oppenheimer reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, October 12th. Finally, Jefferies Group set a $111.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $93.63.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the sale, the general counsel now directly owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.88% of the stock is currently owned by corporate insiders.

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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 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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