GFS Advisors LLC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 37,800 shares of the financial services provider’s stock after selling 745 shares during the period. GFS Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $3,610,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $102,000. Legacy Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $106,000. Atlantic Trust LLC acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $136,000. Lipe & Dalton acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $143,000. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of JPMorgan Chase & Co. by 53.0% during the second quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 670 shares during the period. 73.85% of the stock is owned by institutional investors and hedge funds.

JPM has been the subject of a number of research reports. Wells Fargo & Co lifted their target price on JPMorgan Chase & Co. from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Royal Bank of Canada reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Barclays lifted their target price on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Societe Generale downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, Credit Suisse Group raised JPMorgan Chase & Co. to a “buy” rating and set a $120.00 target price for the company in a report on Friday, January 5th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $106.90.

In other news, CEO Mary E. Erdoes sold 65,101 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total value of $7,307,587.25. Following the completion of the sale, the chief executive officer now directly owns 479,882 shares in the company, valued at $53,866,754.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter Scher sold 26,532 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $113.42, for a total value of $3,009,259.44. The disclosure for this sale can be found here. Insiders sold 152,047 shares of company stock valued at $17,098,115 over the last 90 days. Company insiders own 0.88% of the company’s stock.

JPMorgan Chase & Co. (JPM) opened at $114.28 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $405,506.88, a P/E ratio of 16.72, a P/E/G ratio of 2.00 and a beta of 1.23. JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $117.35.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 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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