Skylands Capital LLC cut its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,800 shares of the financial services provider’s stock after selling 3,550 shares during the quarter. JPMorgan Chase & Co. comprises about 1.4% of Skylands Capital LLC’s holdings, making the stock its 18th largest position. Skylands Capital LLC’s holdings in JPMorgan Chase & Co. were worth $10,263,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of JPM. BKD Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 3.4% in the fourth quarter. BKD Wealth Advisors LLC now owns 45,053 shares of the financial services provider’s stock valued at $4,398,000 after buying an additional 1,500 shares during the last quarter. City Holding Co. grew its holdings in JPMorgan Chase & Co. by 3.3% in the fourth quarter. City Holding Co. now owns 23,577 shares of the financial services provider’s stock valued at $2,302,000 after purchasing an additional 752 shares during the period. Steigerwald Gordon & Koch Inc. grew its holdings in JPMorgan Chase & Co. by 1.9% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 108,224 shares of the financial services provider’s stock valued at $10,565,000 after purchasing an additional 2,062 shares during the period. Weather Gauge Advisory LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $924,000. Finally, Adirondack Trust Co. grew its holdings in JPMorgan Chase & Co. by 0.5% in the fourth quarter. Adirondack Trust Co. now owns 20,026 shares of the financial services provider’s stock valued at $1,955,000 after purchasing an additional 99 shares during the period. Hedge funds and other institutional investors own 71.59% of the company’s stock.

JPMorgan Chase & Co. stock opened at $106.49 on Wednesday. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $119.24. The firm has a 50 day moving average of $112.92. The stock has a market capitalization of $344.31 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 1.58 and a beta of 1.16. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The company had revenue of $28.83 billion during the quarter, compared to the consensus estimate of $28.52 billion. During the same period in the previous year, the firm earned $2.29 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, analysts anticipate that JPMorgan Chase & Co. will post 9.92 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $3.20 annualized dividend and a yield of 3.01%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 13,341 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the completion of the sale, the insider now directly owns 10,130 shares in the company, valued at $1,157,656.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mellody L. Hobson acquired 18,200 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $109.91 per share, with a total value of $2,000,362.00. Following the completion of the purchase, the director now owns 7,804 shares of the company’s stock, valued at $857,737.64. The disclosure for this purchase can be found here. 0.76% of the stock is owned by insiders.

A number of equities research analysts recently issued reports on the stock. ValuEngine downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Goldman Sachs Group restated a “neutral” rating and issued a $117.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Deutsche Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, June 28th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $122.32.

JPMorgan Chase & Co. Company Profile

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.

Read More: What is a Real Estate Investment Trust (REIT)?

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.