JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Cut by Haverford Financial Services Inc.

Haverford Financial Services Inc. decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,027 shares of the financial services provider’s stock after selling 229 shares during the quarter. JPMorgan Chase & Co. comprises about 4.2% of Haverford Financial Services Inc.’s investment portfolio, making the stock its 6th largest position. Haverford Financial Services Inc.’s holdings in JPMorgan Chase & Co. were worth $12,478,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Eukles Asset Management grew its holdings in shares of JPMorgan Chase & Co. by 36.5% in the third quarter. Eukles Asset Management now owns 318 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 85 shares during the last quarter. Morse Asset Management Inc grew its holdings in shares of JPMorgan Chase & Co. by 1.5% in the second quarter. Morse Asset Management Inc now owns 5,781 shares of the financial services provider’s stock worth $646,000 after purchasing an additional 86 shares during the last quarter. Shulman DeMeo Asset Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.8% in the third quarter. Shulman DeMeo Asset Management LLC now owns 4,795 shares of the financial services provider’s stock worth $564,000 after purchasing an additional 86 shares during the last quarter. Harvey Investment Co. LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Harvey Investment Co. LLC now owns 21,596 shares of the financial services provider’s stock worth $2,414,000 after purchasing an additional 90 shares during the last quarter. Finally, TPG Financial Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 4.5% in the third quarter. TPG Financial Advisors LLC now owns 2,104 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 71.90% of the company’s stock.

JPM has been the topic of a number of research analyst reports. BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. to $126.00 in a report on Wednesday, October 16th. Credit Suisse Group set a $135.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, October 11th. Morgan Stanley upgraded shares of JPMorgan Chase & Co. to an “overweight” rating in a report on Wednesday, October 30th. Buckingham Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 price target on the stock. in a report on Monday, September 16th. They noted that the move was a valuation call. Finally, 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. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $123.02.

In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 83,289 shares of the 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 $47,175,776.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mellody L. Hobson purchased 16,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were purchased at an average cost of $124.65 per share, with a total value of $1,994,400.00. Following the completion of the transaction, the director now owns 8,186 shares of the company’s stock, valued at approximately $1,020,384.90. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 152,944 shares of company stock worth $19,088,970. 0.76% of the stock is owned by company insiders.

JPMorgan Chase & Co. stock traded up $0.38 during midday trading on Friday, hitting $130.38. 9,160,446 shares of the company’s stock were exchanged, compared to its average volume of 12,174,789. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.97 and a current ratio of 0.93. JPMorgan Chase & Co. has a 12 month low of $91.11 and a 12 month high of $131.29. The firm has a 50-day moving average of $120.77 and a two-hundred day moving average of $114.02. The company has a market cap of $404.92 billion, a PE ratio of 14.49, a P/E/G ratio of 1.81 and a beta of 1.21.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $29.34 billion for the quarter, compared to analysts’ expectations of $28.36 billion. During the same period in the prior year, the business earned $2.34 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts expect that JPMorgan Chase & Co. will post 10.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.76%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Thursday, October 3rd. JPMorgan Chase & Co.’s dividend payout ratio is presently 40.00%.

About JPMorgan Chase & Co.

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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