Heron Financial Group LLC reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,660 shares of the financial services provider’s stock after selling 664 shares during the period. JPMorgan Chase & Co. comprises about 1.2% of Heron Financial Group LLC’s investment portfolio, making the stock its 19th largest holding. Heron Financial Group LLC’s holdings in JPMorgan Chase & Co. were worth $1,452,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of JPM. Capital World Investors boosted its stake in JPMorgan Chase & Co. by 9.9% during the 1st quarter. Capital World Investors now owns 91,033,221 shares of the financial services provider’s stock valued at $8,195,754,000 after purchasing an additional 8,187,609 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of JPMorgan Chase & Co. by 101.0% in the 2nd quarter. Nordea Investment Management AB now owns 8,992,678 shares of the financial services provider’s stock worth $840,726,000 after buying an additional 4,518,458 shares during the last quarter. Laidlaw Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 20,306.8% in the 2nd quarter. Laidlaw Wealth Management LLC now owns 2,810,830 shares of the financial services provider’s stock worth $30,000 after buying an additional 2,797,056 shares during the last quarter. Viking Global Investors LP boosted its stake in shares of JPMorgan Chase & Co. by 56.9% in the 2nd quarter. Viking Global Investors LP now owns 6,411,486 shares of the financial services provider’s stock worth $603,064,000 after buying an additional 2,326,169 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of JPMorgan Chase & Co. by 6.4% in the 1st quarter. Morgan Stanley now owns 37,812,884 shares of the financial services provider’s stock worth $3,404,295,000 after buying an additional 2,262,845 shares during the last quarter. 69.35% of the stock is owned by institutional investors.

A number of equities analysts have recently weighed in on the company. Atlantic Securities upgraded JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $120.00 target price on the stock in a research note on Wednesday, July 22nd. Seaport Global Securities assumed coverage on JPMorgan Chase & Co. in a research note on Wednesday, July 8th. They issued a “buy” rating and a $119.00 target price on the stock. TheStreet upgraded JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a research note on Tuesday, August 4th. Morgan Stanley restated a “buy” rating and issued a $106.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 27th. Finally, Berenberg Bank lifted their price target on shares of JPMorgan Chase & Co. from $77.00 to $80.00 and gave the stock a “sell” rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $111.59.

JPM stock traded down $0.21 during midday trading on Friday, reaching $101.51. 13,276,397 shares of the company’s stock traded hands, compared to its average volume of 20,525,127. The company has a 50-day moving average price of $99.36 and a two-hundred day moving average price of $96.79. 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. has a 52 week low of $76.91 and a 52 week high of $141.10. The firm has a market capitalization of $309.36 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 3.16 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Monday, October 19th. The financial services provider reported $2.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $28.20 billion. During the same quarter in the previous year, the firm posted $2.68 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, analysts predict that JPMorgan Chase & Co. will post 6.48 EPS for the current fiscal year.

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

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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