JPMorgan Chase & Co. (JPM) Shares Sold by Hoertkorn Richard Charles

Hoertkorn Richard Charles reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 98,350 shares of the financial services provider’s stock after selling 925 shares during the quarter. JPMorgan Chase & Co. comprises 6.0% of Hoertkorn Richard Charles’ holdings, making the stock its 2nd largest holding. Hoertkorn Richard Charles’ holdings in JPMorgan Chase & Co. were worth $9,393,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased 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 in the last quarter. State Street Corp increased its holdings in JPMorgan Chase & Co. by 0.8% in the first quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock worth $14,979,775,000 after purchasing an additional 1,357,194 shares in the last quarter. Northern Trust Corp increased 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 in the last quarter. Capital Research Global Investors increased 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 in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake 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 valued at $2,621,677,000 after acquiring an additional 176,306 shares during the period. Institutional investors and hedge funds own 73.75% of the company’s stock.

JPMorgan Chase & Co. (JPM) opened at $108.34 on Friday. The stock has a market capitalization of $375,910.00, a P/E ratio of 15.54, a P/E/G 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. has a 1 year low of $81.64 and a 1 year high of $110.03.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.09. The company had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. JPMorgan Chase & Co.’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.58 earnings per share. research analysts forecast that JPMorgan Chase & Co. will post 6.92 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 2.07%. JPMorgan Chase & Co.’s payout ratio is 32.14%.

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

A number of equities research analysts have commented on JPM shares. Bank of America set a $102.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, October 13th. Credit Suisse Group reissued a “buy” rating and issued a $110.00 price objective (up previously from $103.00) on shares of JPMorgan Chase & Co. in a research note on Monday, October 9th. They noted that the move was a valuation call. Jefferies Group set a $111.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, October 13th. Royal Bank of Canada reissued a “buy” rating and issued a $105.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, November 15th. Finally, Wells Fargo & Co set a $120.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $93.63.

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About JPMorgan Chase & Co.

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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