Assetmark Inc. trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 35.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 256,505 shares of the financial services provider’s stock after selling 138,747 shares during the period. Assetmark Inc.’s holdings in JPMorgan Chase & Co. were worth $24,499,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Wilsey Asset Management Inc. lifted its position in JPMorgan Chase & Co. by 7.4% in the 2nd quarter. Wilsey Asset Management Inc. now owns 144,838 shares of the financial services provider’s stock worth $13,245,000 after buying an additional 10,018 shares in the last quarter. Alexandria Capital LLC lifted its position in JPMorgan Chase & Co. by 0.3% in the 2nd quarter. Alexandria Capital LLC now owns 110,145 shares of the financial services provider’s stock worth $10,067,000 after buying an additional 276 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter worth approximately $883,000. Ferguson Wellman Capital Management Inc. lifted its position in JPMorgan Chase & Co. by 0.7% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 452,699 shares of the financial services provider’s stock worth $41,377,000 after buying an additional 3,270 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in JPMorgan Chase & Co. by 17.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 23,788 shares of the financial services provider’s stock worth $2,174,000 after buying an additional 3,451 shares in the last quarter. Hedge funds and other institutional investors own 73.82% of the company’s stock.

A number of equities research analysts have issued reports on JPM shares. Wells Fargo & Co increased their target price on shares of JPMorgan Chase & Co. from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Royal Bank of Canada reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Barclays increased their target price on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Societe Generale downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Credit Suisse Group upgraded shares of JPMorgan Chase & Co. to a “buy” rating and set a $120.00 target price for the company in a research report on Friday, January 5th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $107.42.

In related news, insider Ashley Bacon sold 16,434 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total value of $1,844,223.48. Following the transaction, the insider now owns 98,811 shares in the company, valued at approximately $11,088,570.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Peter Scher sold 17,057 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.20, for a total transaction of $1,913,795.40. Following the completion of the transaction, the executive vice president now owns 15,310 shares in the company, valued at approximately $1,717,782. The disclosure for this sale can be found here. Insiders sold a total of 152,047 shares of company stock worth $17,098,115 in the last quarter. Insiders own 0.88% of the company’s stock.

JPMorgan Chase & Co. (JPM) opened at $110.04 on Monday. The firm has a market cap of $381,810.00, a price-to-earnings ratio of 17.25, a PEG ratio of 1.86 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $117.35.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. The business had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. JPMorgan Chase & Co.’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.71 EPS. sell-side analysts forecast that JPMorgan Chase & Co. will post 8.85 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 5th were issued a $0.56 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 2.04%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.11%.

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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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