WealthTrust Fairport LLC cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,471 shares of the financial services provider’s stock after selling 673 shares during the period. JPMorgan Chase & Co. accounts for about 1.1% of WealthTrust Fairport LLC’s portfolio, making the stock its 21st biggest position. WealthTrust Fairport LLC’s holdings in JPMorgan Chase & Co. were worth $11,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Copeland Capital Management LLC raised its position in JPMorgan Chase & Co. by 9.5% during the third quarter. Copeland Capital Management LLC now owns 52,292 shares of the financial services provider’s stock valued at $5,901,000 after purchasing an additional 4,547 shares during the period. Welch Group LLC grew its stake in shares of JPMorgan Chase & Co. by 5.4% during the third quarter. Welch Group LLC now owns 16,487 shares of the financial services provider’s stock valued at $1,860,000 after buying an additional 851 shares during the last quarter. Baltimore Washington Financial Advisors Inc. grew its stake in shares of JPMorgan Chase & Co. by 5.0% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 94,003 shares of the financial services provider’s stock valued at $10,607,000 after buying an additional 4,489 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of JPMorgan Chase & Co. by 41.6% during the third quarter. Private Advisor Group LLC now owns 221,692 shares of the financial services provider’s stock valued at $25,016,000 after buying an additional 65,087 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of JPMorgan Chase & Co. by 1.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 469,342 shares of the financial services provider’s stock valued at $52,960,000 after buying an additional 5,515 shares during the last quarter. Institutional investors and hedge funds own 71.27% of the company’s stock.

In related news, CEO Douglas B. Petno sold 11,659 shares of the stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $105.00, for a total value of $1,224,195.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ashley Bacon sold 5,831 shares of the stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $102.78, for a total value of $599,310.18. Following the completion of the transaction, the insider now directly owns 98,838 shares in the company, valued at approximately $10,158,569.64. The disclosure for this sale can be found here. In the last three months, insiders sold 39,191 shares of company stock worth $4,102,110. 0.73% of the stock is owned by insiders.

A number of research firms have recently commented on JPM. Daiwa Capital Markets cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Friday. BMO Capital Markets cut their target price on JPMorgan Chase & Co. from $124.00 to $123.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 16th. Morgan Stanley cut their target price on JPMorgan Chase & Co. from $131.00 to $124.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 8th. Jefferies Financial Group cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 target price on the stock. in a research note on Tuesday, January 8th. Finally, ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average price target of $122.94.

NYSE:JPM traded up $0.56 during midday trading on Monday, hitting $101.92. The stock had a trading volume of 81,612 shares, compared to its average volume of 13,721,496. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $119.33. The stock has a market cap of $347.86 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.11. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.22). JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. The firm had revenue of $26.10 billion during the quarter, compared to the consensus estimate of $26.69 billion. During the same period last year, the company earned $1.76 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 9.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Investors of record on Friday, January 4th were paid a $0.80 dividend. The ex-dividend date was Thursday, January 3rd. This represents a $3.20 annualized dividend and a yield of 3.14%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 35.56%.

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JPMorgan Chase & Co. Company 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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