Old North State Trust LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,686 shares of the financial services provider’s stock after selling 180 shares during the period. Old North State Trust LLC’s holdings in JPMorgan Chase & Co. were worth $669,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of JPM. Morgan Stanley raised its position in JPMorgan Chase & Co. by 5.8% in the second quarter. Morgan Stanley now owns 35,662,949 shares of the financial services provider’s stock valued at $3,987,118,000 after purchasing an additional 1,952,873 shares during the period. Invesco Ltd. raised its position in JPMorgan Chase & Co. by 39.8% in the second quarter. Invesco Ltd. now owns 23,689,706 shares of the financial services provider’s stock valued at $2,648,509,000 after purchasing an additional 6,745,215 shares during the period. Nuveen Asset Management LLC raised its position in JPMorgan Chase & Co. by 2,432.9% in the second quarter. Nuveen Asset Management LLC now owns 23,689,599 shares of the financial services provider’s stock valued at $2,648,497,000 after purchasing an additional 22,754,332 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of JPMorgan Chase & Co. by 1.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 15,021,076 shares of the financial services provider’s stock worth $1,679,357,000 after acquiring an additional 275,854 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in shares of JPMorgan Chase & Co. by 2.5% during the second quarter. Parametric Portfolio Associates LLC now owns 11,155,325 shares of the financial services provider’s stock worth $1,247,165,000 after acquiring an additional 272,685 shares during the period. Institutional investors and hedge funds own 71.89% of the company’s stock.

In other news, EVP Peter Scher sold 10,816 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total value of $1,243,840.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Lori A. Beer sold 13,341 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the completion of the sale, the insider now owns 10,130 shares in the company, valued at $1,157,656.40. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate insiders.

A number of equities analysts recently commented on JPM shares. Royal Bank of Canada set a $120.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Monday. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. UBS Group boosted their target price on shares of JPMorgan Chase & Co. from $125.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Goldman Sachs Group reiterated a “neutral” rating and set a $117.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. Finally, Wells Fargo & Co set a $125.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, August 16th. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus target price of $122.37.

Shares of NYSE:JPM traded up $0.81 on Wednesday, reaching $112.63. The company’s stock had a trading volume of 7,330,972 shares, compared to its average volume of 12,217,038. The stock’s 50-day moving average is $113.74 and its two-hundred day moving average is $111.25. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $120.40. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $366.50 billion, a P/E ratio of 12.51, a PEG ratio of 1.66 and a beta of 1.20.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.32. The business had revenue of $28.83 billion during the quarter, compared to analysts’ expectations of $28.52 billion. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.29 earnings per share. Equities analysts forecast that JPMorgan Chase & Co. will post 9.86 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be given a $0.90 dividend. The ex-dividend date is Thursday, October 3rd. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 3.20%. JPMorgan Chase & Co.’s dividend payout ratio is currently 40.00%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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