Bristol Advisors LLC lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 93.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 46,400 shares of the financial services provider’s stock after selling 712,600 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 4.5% of Bristol Advisors LLC’s portfolio, making the stock its 6th largest position. Bristol Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $4,432,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of JPM. Vanguard Group Inc. raised its holdings 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 valued at $22,839,729,000 after acquiring an additional 3,717,683 shares in the last quarter. Northern Trust Corp raised its holdings 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 valued at $4,475,468,000 after acquiring an additional 847,463 shares in the last quarter. Capital Research Global Investors raised its holdings 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 valued at $2,898,729,000 after acquiring an additional 765,082 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings 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 valued at $2,621,677,000 after acquiring an additional 176,306 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings 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 valued at $1,624,143,000 after acquiring an additional 369,878 shares in the last quarter. Institutional investors and hedge funds own 73.78% of the company’s stock.

JPMorgan Chase & Co. (NYSE:JPM) opened at $113.01 on Friday. The firm has a market capitalization of $392,110.00, a PE ratio of 17.71, a P/E/G ratio of 1.96 and a beta of 1.22. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 1-year low of $81.64 and a 1-year high of $114.34.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. During the same period last year, the firm posted $1.71 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 3.3% compared to the same quarter last year. research analysts anticipate that JPMorgan Chase & Co. will post 8.65 earnings per share for the current year.

The business also recently declared 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 is Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 1.98%. JPMorgan Chase & Co.’s payout ratio is 35.11%.

In related news, insider Peter Scher sold 26,532 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $113.42, for a total transaction of $3,009,259.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the transaction, the general counsel now owns 15,279 shares in the company, valued at $1,557,846.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 154,146 shares of company stock worth $17,312,129. 0.88% of the stock is owned by corporate insiders.

JPM has been the topic of several recent analyst reports. Argus raised their price target on JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a “buy” rating in a report on Friday, January 12th. Barclays raised their price target on JPMorgan Chase & Co. from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Nomura set a $115.00 price target on JPMorgan Chase & Co. and gave the company a “neutral” rating in a report on Friday, January 12th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $125.00 price target (up previously from $120.00) on shares of JPMorgan Chase & Co. in a report on Tuesday. Finally, Oppenheimer reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a report on Thursday, October 12th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $105.81.

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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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