JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 108,198 shares of the financial services provider’s stock after selling 986 shares during the quarter. JPMorgan Chase & Co. comprises about 1.7% of Calamos Wealth Management LLC’s portfolio, making the stock its 9th biggest holding. Calamos Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $12,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Personal Wealth Partners purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter worth $28,000. MRA Associates USA LLC purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter worth $30,000. Global Trust Asset Management LLC increased its holdings in JPMorgan Chase & Co. by 2,027.2% in the 2nd quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 5,068 shares in the last quarter. Titan Capital Management LLC CA purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter worth $35,000. Finally, Vista Private Wealth Partners. LLC purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 71.94% of the company’s stock.

JPMorgan Chase & Co. stock opened at $124.79 on Wednesday. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $125.10. The firm has a market capitalization of $385.49 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.69 and a beta of 1.20. The company has a fifty day simple moving average of $116.80 and a 200-day simple moving average of $112.47. The company has a quick ratio of 0.97, a current ratio of 0.93 and a debt-to-equity ratio of 1.26.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.45 by $0.23. JPMorgan Chase & Co. had a net margin of 24.70% and a return on equity of 14.63%. The business had revenue of $29.34 billion during the quarter, compared to analyst estimates of $28.36 billion. During the same quarter in the prior year, the firm earned $2.34 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, research analysts anticipate that JPMorgan Chase & Co. will post 10.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be issued a dividend of $0.90 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, October 3rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.88%. JPMorgan Chase & Co.’s dividend payout ratio is presently 40.00%.

In other news, Director Mellody L. Hobson acquired 18,200 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $109.91 per share, with a total value of $2,000,362.00. Following the completion of the acquisition, the director now owns 7,804 shares of the company’s stock, valued at approximately $857,737.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gordon Smith sold 83,289 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $119.98, for a total transaction of $9,993,014.22. Following the completion of the sale, the chief executive officer now directly owns 393,197 shares of the company’s stock, valued at approximately $47,175,776.06. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate insiders.

Several equities research analysts recently commented on the stock. Wells Fargo & Co set a $125.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 16th. BMO Capital Markets boosted their price target on shares of JPMorgan Chase & Co. to $126.00 in a report on Wednesday, October 16th. Morgan Stanley boosted their price target on shares of JPMorgan Chase & Co. from $122.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Robert W. Baird boosted their price target on shares of JPMorgan Chase & Co. from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, Royal Bank of Canada boosted their price target on shares of JPMorgan Chase & Co. to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $121.94.

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.

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

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