Barrett Asset Management LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.2% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 378,460 shares of the financial services provider’s stock after selling 866 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.6% of Barrett Asset Management LLC’s portfolio, making the stock its 7th biggest position. Barrett Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $36,147,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JPM. Jackson Grant Investment Advisers Inc. lifted its position in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock valued at $301,000 after buying an additional 12 shares in the last quarter. IPG Investment Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 0.3% during the 2nd quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock valued at $608,000 after buying an additional 17 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of JPMorgan Chase & Co. by 0.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock valued at $469,000 after buying an additional 26 shares in the last quarter. Fort Pitt Capital Group LLC lifted its position in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 9,084 shares of the financial services provider’s stock valued at $830,000 after buying an additional 37 shares in the last quarter. Finally, Financial Consulate Inc. lifted its position in shares of JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Financial Consulate Inc. now owns 4,075 shares of the financial services provider’s stock valued at $372,000 after buying an additional 44 shares in the last quarter. Institutional investors own 73.66% of the company’s stock.

Shares of JPMorgan Chase & Co. (JPM) opened at $112.43 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $117.35. The stock has a market capitalization of $390,100.00, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 1.86 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping 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 business had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. During the same quarter in the previous year, the company posted $1.71 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. sell-side analysts expect that JPMorgan Chase & Co. will post 8.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 35.11%.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 65,101 shares of JPMorgan Chase & Co. 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 sale, the chief executive officer now owns 479,882 shares of the company’s stock, valued at approximately $53,866,754.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Peter Scher sold 26,532 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, January 19th. The stock was 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. In the last ninety days, insiders sold 152,047 shares of company stock worth $17,098,115. Corporate insiders own 0.88% of the company’s stock.

A number of research analysts have recently weighed in on JPM shares. Buckingham Research raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Thursday, December 21st. Wells Fargo & Co set a $120.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Wednesday, December 20th. Royal Bank of Canada reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Bank of America set a $119.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Monday, January 15th. Finally, Vining Sparks reaffirmed a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $108.71.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at https://theolympiareport.com/2018/02/14/barrett-asset-management-llc-has-36-15-million-position-in-jpmorgan-chase-co-jpm.html.

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.

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.