Pettee Investors Inc. grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,001 shares of the financial services provider’s stock after acquiring an additional 1,000 shares during the period. JPMorgan Chase & Co. accounts for approximately 6.1% of Pettee Investors Inc.’s investment portfolio, making the stock its 2nd biggest holding. Pettee Investors Inc.’s holdings in JPMorgan Chase & Co. were worth $9,456,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter worth about $102,000. Legacy Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter worth about $106,000. Atlantic Trust LLC acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $136,000. Northwest Investment Counselors LLC acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $165,000. Finally, Capital Advisors Ltd. LLC grew its holdings in JPMorgan Chase & Co. by 53.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 670 shares during the period. Hedge funds and other institutional investors own 73.78% of the company’s stock.

In related news, CEO Mary E. Erdoes sold 65,101 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total value of $7,307,587.25. Following the transaction, the chief executive officer now owns 479,882 shares of the company’s stock, valued at approximately $53,866,754.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,146 shares of company stock worth $17,312,129. 0.88% of the stock is owned by insiders.

JPM has been the topic of a number of research analyst reports. Vetr cut shares of JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price objective on the stock. in a research report on Wednesday, January 10th. Credit Suisse Group raised shares of JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price objective on the stock in a research report on Friday, January 5th. Vining Sparks reissued a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, January 12th. Bank of America set a $102.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, Oppenheimer reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, October 12th. Three equities research 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 stock currently has a consensus rating of “Hold” and a consensus target price of $105.81.

JPMorgan Chase & Co. (JPM) opened at $113.01 on Friday. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $114.34. The firm has a market cap of $392,113.75, a PE ratio of 16.17, a P/E/G ratio of 1.93 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The business had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. During the same quarter last year, the firm earned $1.71 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. equities analysts expect that JPMorgan Chase & Co. will post 8.78 earnings per share for the current year.

The firm 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 $0.56 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 1.98%. JPMorgan Chase & Co.’s payout ratio is 35.56%.

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JPMorgan Chase & Co. 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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