Mawer Investment Management Ltd. Sells 113,682 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Mawer Investment Management Ltd. lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 5.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,154,479 shares of the financial services provider’s stock after selling 113,682 shares during the period. JPMorgan Chase & Co. makes up 1.7% of Mawer Investment Management Ltd.’s holdings, making the stock its 20th biggest holding. Mawer Investment Management Ltd.’s holdings in JPMorgan Chase & Co. were worth $352,667,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Prime Capital Investment Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 24.4% in the second quarter. Prime Capital Investment Advisors LLC now owns 58,153 shares of the financial services provider’s stock worth $9,045,000 after purchasing an additional 11,392 shares during the period. Black Swift Group LLC bought a new position in JPMorgan Chase & Co. in the third quarter valued at about $7,136,000. Burns J W & Co. Inc. NY grew its position in JPMorgan Chase & Co. by 2.7% in the third quarter. Burns J W & Co. Inc. NY now owns 81,409 shares of the financial services provider’s stock valued at $13,326,000 after acquiring an additional 2,159 shares during the last quarter. Unified Trust Company N.A. grew its position in JPMorgan Chase & Co. by 6.4% in the second quarter. Unified Trust Company N.A. now owns 45,069 shares of the financial services provider’s stock valued at $7,010,000 after acquiring an additional 2,711 shares during the last quarter. Finally, Ausdal Financial Partners Inc. grew its position in JPMorgan Chase & Co. by 6.2% in the third quarter. Ausdal Financial Partners Inc. now owns 12,801 shares of the financial services provider’s stock valued at $2,095,000 after acquiring an additional 747 shares during the last quarter. Institutional investors own 69.32% of the company’s stock.

A number of research firms have issued reports on JPM. Jefferies Financial Group lifted their target price on JPMorgan Chase & Co. from $177.00 to $198.00 and gave the company a “buy” rating in a research report on Monday, October 11th. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, October 25th. Wolfe Research cut JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating and set a $185.00 target price on the stock. in a research report on Tuesday, January 4th. Royal Bank of Canada restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, December 22nd. Finally, Robert W. Baird restated a “hold” rating and set a $165.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, December 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $176.42.

Shares of JPM stock traded down $9.81 during trading hours on Friday, reaching $158.42. The company’s stock had a trading volume of 1,454,897 shares, compared to its average volume of 11,865,099. The stock has a market capitalization of $468.17 billion, a P/E ratio of 10.10, a P/E/G ratio of 2.82 and a beta of 1.13. JPMorgan Chase & Co. has a one year low of $127.35 and a one year high of $172.96. The firm’s fifty day simple moving average is $162.40 and its 200 day simple moving average is $160.73. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.17.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Wednesday, October 13th. The financial services provider reported $3.74 EPS for the quarter, beating the Zacks’ consensus estimate of $3.00 by $0.74. The company had revenue of $29.60 billion during the quarter, compared to analysts’ expectations of $29.63 billion. JPMorgan Chase & Co. had a return on equity of 19.89% and a net margin of 39.41%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.92 EPS. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 15.01 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 31st. Shareholders of record on Thursday, January 6th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Wednesday, January 5th. JPMorgan Chase & Co.’s payout ratio is 25.30%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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