Miller Howard Investments Inc. NY lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 362,781 shares of the financial services provider’s stock after selling 46,804 shares during the period. JPMorgan Chase & Co. makes up approximately 1.7% of Miller Howard Investments Inc. NY’s holdings, making the stock its 28th biggest position. Miller Howard Investments Inc. NY’s holdings in JPMorgan Chase & Co. were worth $34,123,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of JPM. Hoey Investments Inc. lifted its stake in shares of JPMorgan Chase & Co. by 187.7% in the 2nd quarter. Hoey Investments Inc. now owns 49,684 shares of the financial services provider’s stock worth $4,673,000 after purchasing an additional 32,417 shares during the period. Occidental Asset Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 6.7% in the 2nd quarter. Occidental Asset Management LLC now owns 8,857 shares of the financial services provider’s stock worth $833,000 after purchasing an additional 554 shares during the period. GFG Capital LLC bought a new position in shares of JPMorgan Chase & Co. in the 2nd quarter worth approximately $947,000. Hayden Royal LLC lifted its stake in shares of JPMorgan Chase & Co. by 2.7% in the 1st quarter. Hayden Royal LLC now owns 13,848 shares of the financial services provider’s stock worth $1,247,000 after purchasing an additional 362 shares during the period. Finally, Colonial Trust Advisors lifted its stake in shares of JPMorgan Chase & Co. by 2.8% in the 1st quarter. Colonial Trust Advisors now owns 102,938 shares of the financial services provider’s stock worth $9,267,000 after purchasing an additional 2,795 shares during the period. Institutional investors and hedge funds own 71.35% of the company’s stock.

In related news, CEO Mary E. Erdoes sold 24,554 shares of the firm’s stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total value of $2,443,614.08. Company insiders own 0.78% of the company’s stock.

Shares of JPM opened at $96.64 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $141.10. The company has a 50 day simple moving average of $96.77 and a two-hundred day simple moving average of $105.48. The firm has a market cap of $295.62 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 3.25 and a beta of 1.19.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.04. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. The business had revenue of $32.98 billion during the quarter, compared to analyst estimates of $30.23 billion. During the same period last year, the firm posted $2.82 EPS. The company’s revenue was up 14.7% on a year-over-year basis. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 5.96 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Monday, July 6th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Thursday, July 2nd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.

Several equities analysts have recently weighed in on JPM shares. Oppenheimer reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 14th. TheStreet cut shares of JPMorgan Chase & Co. from a “b-” rating to a “c” rating in a research note on Monday, May 11th. Wells Fargo & Co increased their price objective on shares of JPMorgan Chase & Co. from $115.00 to $130.00 in a research note on Friday, June 5th. Seaport Global Securities assumed coverage on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 8th. They issued a “buy” rating and a $119.00 price objective on the stock. Finally, UBS Group raised their target price on shares of JPMorgan Chase & Co. from $82.00 to $96.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $110.89.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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