B. Metzler seel. Sohn & Co. AG Cuts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

B. Metzler seel. Sohn & Co. AG decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 275,864 shares of the financial services provider’s stock after selling 704 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in JPMorgan Chase & Co. were worth $31,064,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of JPMorgan Chase & Co. by 2.6% during the first quarter. Vanguard Group Inc. now owns 266,854,574 shares of the financial services provider’s stock worth $36,377,615,000 after purchasing an additional 6,792,220 shares in the last quarter. Greenhaven Associates Inc. increased its stake in shares of JPMorgan Chase & Co. by 600.7% during the second quarter. Greenhaven Associates Inc. now owns 4,533,856 shares of the financial services provider’s stock worth $510,558,000 after purchasing an additional 3,886,845 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of JPMorgan Chase & Co. by 21.1% during the second quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock worth $2,222,815,000 after purchasing an additional 3,435,522 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of JPMorgan Chase & Co. by 7,427.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock worth $363,169,000 after purchasing an additional 2,628,701 shares in the last quarter. Finally, Capital Research Global Investors increased its stake in shares of JPMorgan Chase & Co. by 4.5% during the first quarter. Capital Research Global Investors now owns 36,611,171 shares of the financial services provider’s stock worth $4,990,845,000 after purchasing an additional 1,590,742 shares in the last quarter. Hedge funds and other institutional investors own 68.57% of the company’s stock.

Insider Buying and Selling

In related news, CEO Mary E. Erdoes sold 33,515 shares of the company’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $115.77, for a total transaction of $3,880,031.55. Following the sale, the chief executive officer now directly owns 533,795 shares of the company’s stock, valued at approximately $61,797,447.15. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Mary E. Erdoes sold 33,515 shares of the company’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $115.77, for a total transaction of $3,880,031.55. Following the sale, the chief executive officer now directly owns 533,795 shares of the company’s stock, valued at approximately $61,797,447.15. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas B. Petno sold 5,139 shares of the company’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $642,477.78. Following the sale, the chief executive officer now directly owns 248,011 shares in the company, valued at $31,006,335.22. The disclosure for this sale can be found here. Insiders have sold a total of 41,964 shares of company stock valued at $4,936,426 in the last ninety days. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.1 %

Shares of JPMorgan Chase & Co. stock traded up $1.44 on Thursday, reaching $136.48. The company had a trading volume of 7,316,204 shares, compared to its average volume of 11,552,875. The firm’s 50 day moving average price is $119.42 and its two-hundred day moving average price is $118.46. The firm has a market cap of $400.32 billion, a PE ratio of 11.53, a PEG ratio of 2.30 and a beta of 1.14. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $169.81. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.84 and a current ratio of 0.84.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its earnings results on Friday, October 14th. The financial services provider reported $3.12 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.17. JPMorgan Chase & Co. had a net margin of 26.85% and a return on equity of 14.52%. The firm had revenue of $32.72 billion for the quarter, compared to the consensus estimate of $31.88 billion. During the same period in the prior year, the firm earned $3.74 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Sell-side analysts predict that JPMorgan Chase & Co. will post 11.72 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Thursday, October 6th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.93%. The ex-dividend date was Wednesday, October 5th. JPMorgan Chase & Co.’s payout ratio is currently 33.78%.

Analysts Set New Price Targets

A number of analysts have recently commented on JPM shares. Royal Bank of Canada set a $130.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, October 17th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, September 12th. The Goldman Sachs Group lowered their price target on shares of JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, October 4th. BMO Capital Markets boosted their price target on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the stock a “market perform” rating in a research report on Monday, October 17th. Finally, Morgan Stanley lowered their price target on shares of JPMorgan Chase & Co. from $127.00 to $126.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $144.90.

JPMorgan Chase & Co. Company Profile

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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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

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

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