Gleason Group Inc. cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 9.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,166 shares of the financial services provider’s stock after selling 1,423 shares during the period. JPMorgan Chase & Co. comprises approximately 0.8% of Gleason Group Inc.’s investment portfolio, making the stock its 16th biggest holding. Gleason Group Inc.’s holdings in JPMorgan Chase & Co. were worth $1,364,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Your Advocates Ltd. LLP increased its position in shares of JPMorgan Chase & Co. by 250.0% in the second quarter. Your Advocates Ltd. LLP now owns 175 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 125 shares during the last quarter. NuWave Investment Management LLC bought a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $30,000. Provident Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $34,000. FAI Wealth Management raised its stake in shares of JPMorgan Chase & Co. by 317.0% during the 2nd quarter. FAI Wealth Management now owns 417 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 317 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 18.3% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 692 shares of the financial services provider’s stock valued at $65,000 after buying an additional 107 shares during the last quarter. Institutional investors own 69.35% of the company’s stock.

Shares of JPM traded down $0.21 during midday trading on Friday, reaching $101.51. 13,276,397 shares of the stock were exchanged, compared to its average volume of 20,525,127. JPMorgan Chase & Co. has a twelve month low of $76.91 and a twelve month high of $141.10. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.35. The company has a market cap of $309.36 billion, a P/E ratio of 13.27, a PEG ratio of 3.16 and a beta of 1.15. The stock’s 50 day simple moving average is $99.36 and its 200 day simple moving average is $96.79.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Monday, October 19th. The financial services provider reported $2.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.69. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. The business had revenue of $29.90 billion for the quarter, compared to the consensus estimate of $28.20 billion. During the same period in the prior year, the company posted $2.68 earnings per share. JPMorgan Chase & Co.’s revenue was up 4.0% compared to the same quarter last year. As a group, analysts predict that JPMorgan Chase & Co. will post 6.48 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be issued a dividend of $0.90 per share. The ex-dividend date is Monday, October 5th. This represents a $3.60 annualized dividend and a dividend yield of 3.55%. JPMorgan Chase & Co.’s dividend payout ratio is presently 34.35%.

A number of equities analysts recently weighed in on JPM shares. TheStreet upgraded shares of JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a report on Tuesday, August 4th. Royal Bank of Canada restated a “buy” rating and set a $110.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday. Berenberg Bank raised their target price on shares of JPMorgan Chase & Co. from $77.00 to $80.00 and gave the company a “sell” rating in a research note on Monday, July 20th. Atlantic Securities upgraded JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $120.00 price target for the company in a report on Wednesday, July 22nd. Finally, Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 price objective on the stock in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the company’s stock. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and an average target price of $111.59.

About JPMorgan Chase & Co.

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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