JPMorgan Chase & Co. (JPM) Holdings Reduced by Wilsey Asset Management Inc.

Wilsey Asset Management Inc. trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,739 shares of the financial services provider’s stock after selling 5,099 shares during the quarter. JPMorgan Chase & Co. makes up 8.6% of Wilsey Asset Management Inc.’s portfolio, making the stock its 2nd biggest position. Wilsey Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $13,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of JPMorgan Chase & Co. by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after buying an additional 3,717,683 shares during the last quarter. Northern Trust Corp lifted its position in shares of JPMorgan Chase & Co. by 1.8% in the 2nd quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock worth $4,475,468,000 after buying an additional 847,463 shares during the last quarter. Capital Research Global Investors lifted its position in shares of JPMorgan Chase & Co. by 2.5% in the 2nd quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock worth $2,898,729,000 after buying an additional 765,082 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of JPMorgan Chase & Co. by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock worth $2,621,677,000 after buying an additional 176,306 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of JPMorgan Chase & Co. by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 17,769,351 shares of the financial services provider’s stock worth $1,624,143,000 after buying an additional 369,878 shares during the last quarter. Hedge funds and other institutional investors own 73.76% of the company’s stock.

A number of research firms have recently issued reports on JPM. Keefe, Bruyette & Woods restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 11th. Deutsche Bank downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and raised their price target for the stock from $90.00 to $96.00 in a research report on Tuesday, September 26th. Robert W. Baird restated a “hold” rating and issued a $88.00 price target on shares of JPMorgan Chase & Co. in a research report on Thursday, September 21st. Royal Bank of Canada restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Finally, Jefferies Group restated a “buy” rating and issued a $102.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, September 15th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $99.41.

JPMorgan Chase & Co. (NYSE JPM) opened at $110.84 on Friday. The company has a market cap of $384,580.00, a PE ratio of 15.90, a price-to-earnings-growth ratio of 2.04 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $110.93.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.09. The firm had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. JPMorgan Chase & Co. had a net margin of 24.08% and a return on equity of 11.68%. JPMorgan Chase & Co.’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $1.58 EPS. equities research analysts forecast that JPMorgan Chase & Co. will post 6.91 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be paid 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 yield of 2.02%. JPMorgan Chase & Co.’s payout ratio is 32.14%.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were 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 approximately $1,557,846.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.88% of the stock is currently owned by company insiders.

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JPMorgan Chase & Co. Company Profile

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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