Markston International LLC lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 152,577 shares of the financial services provider’s stock after selling 5,208 shares during the period. JPMorgan Chase & Co. comprises 1.7% of Markston International LLC’s holdings, making the stock its 17th largest position. Markston International LLC’s holdings in JPMorgan Chase & Co. were worth $14,351,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Buckingham Asset Management LLC raised its stake in shares of JPMorgan Chase & Co. by 19.8% in the first quarter. Buckingham Asset Management LLC now owns 55,176 shares of the financial services provider’s stock valued at $4,967,000 after buying an additional 9,114 shares during the period. Game Plan Financial Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 15.6% in the first quarter. Game Plan Financial Advisors LLC now owns 14,809 shares of the financial services provider’s stock valued at $1,339,000 after buying an additional 2,000 shares during the period. Ieq Capital LLC raised its stake in shares of JPMorgan Chase & Co. by 44.6% in the first quarter. Ieq Capital LLC now owns 146,094 shares of the financial services provider’s stock valued at $13,153,000 after buying an additional 45,063 shares during the period. Financial Architects Inc raised its stake in shares of JPMorgan Chase & Co. by 7.5% in the first quarter. Financial Architects Inc now owns 15,370 shares of the financial services provider’s stock valued at $1,384,000 after buying an additional 1,074 shares during the period. Finally, Rossmore Private Capital raised its stake in shares of JPMorgan Chase & Co. by 33.1% in the first quarter. Rossmore Private Capital now owns 75,159 shares of the financial services provider’s stock valued at $6,776,000 after buying an additional 18,683 shares during the period. 69.35% of the stock is currently owned by institutional investors and hedge funds.

JPM has been the topic of several research reports. Royal Bank of Canada boosted their target price on JPMorgan Chase & Co. from $99.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday. Wells Fargo & Company boosted their price objective on JPMorgan Chase & Co. from $115.00 to $130.00 in a research note on Friday, June 5th. Berenberg Bank boosted their price objective on JPMorgan Chase & Co. from $77.00 to $80.00 and gave the company a “sell” rating in a research note on Monday, July 20th. Goldman Sachs Group upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Friday, July 24th. Finally, Morgan Stanley reiterated a “buy” rating and set a $106.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $111.39.

JPM stock traded up $0.06 during trading on Friday, hitting $98.62. 1,018,186 shares of the company traded hands, compared to its average volume of 20,904,865. The firm has a market capitalization of $300.37 billion, a PE ratio of 13.30, a P/E/G ratio of 3.39 and a beta of 1.16. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $141.10. The company has a 50-day moving average of $100.16 and a 200-day moving average of $97.04. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.88 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.04. The company had revenue of $32.98 billion during the quarter, compared to analysts’ expectations of $30.23 billion. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. JPMorgan Chase & Co.’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.82 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 5.96 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Tuesday, October 6th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.65%. The ex-dividend date is Monday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 34.35%.

In related news, CEO Mary E. Erdoes sold 24,554 shares of the stock in a transaction dated Wednesday, July 15th. The stock was sold at an average price of $99.52, for a total transaction of $2,443,614.08. Corporate insiders own 0.78% of the company’s stock.

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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