Gamco Investors INC. ET AL cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 961,404 shares of the financial services provider’s stock after selling 38,390 shares during the period. Gamco Investors INC. ET AL’s holdings in JPMorgan Chase & Co. were worth $59,742,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Nadler Financial Group Inc. boosted its position in JPMorgan Chase & Co. by 0.3% in the second quarter. Nadler Financial Group Inc. now owns 5,142 shares of the financial services provider’s stock worth $320,000 after buying an additional 14 shares during the period. Brookstone Capital Management boosted its position in JPMorgan Chase & Co. by 0.3% in the first quarter. Brookstone Capital Management now owns 5,613 shares of the financial services provider’s stock worth $332,000 after buying an additional 15 shares during the period. Evanson Asset Management LLC boosted its position in JPMorgan Chase & Co. by 0.4% in the second quarter. Evanson Asset Management LLC now owns 4,969 shares of the financial services provider’s stock worth $309,000 after buying an additional 18 shares during the period. Vicus Capital boosted its position in JPMorgan Chase & Co. by 0.5% in the second quarter. Vicus Capital now owns 4,062 shares of the financial services provider’s stock worth $252,000 after buying an additional 21 shares during the period. Finally, Founders Capital Management LLC boosted its position in JPMorgan Chase & Co. by 0.6% in the second quarter. Founders Capital Management LLC now owns 3,836 shares of the financial services provider’s stock worth $238,000 after buying an additional 23 shares during the period. 73.34% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. (NYSE:JPM) traded up 0.82% during trading on Thursday, hitting $67.39. The stock had a trading volume of 12,766,333 shares. JPMorgan Chase & Co. has a 1-year low of $52.50 and a 1-year high of $69.03. The company has a market capitalization of $243.38 billion, a P/E ratio of 11.42 and a beta of 1.65. The stock’s 50-day moving average price is $66.27 and its 200-day moving average price is $63.13.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Thursday, July 14th. The financial services provider reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.12. The business had revenue of $24.40 billion for the quarter, compared to analysts’ expectations of $23.84 billion. JPMorgan Chase & Co. had a return on equity of 10.20% and a net margin of 24.47%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.54 EPS. Analysts expect that JPMorgan Chase & Co. will post $5.65 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.92 annualized dividend and a yield of 2.85%. JPMorgan Chase & Co.’s payout ratio is 32.54%.

A number of equities analysts have recently commented on the company. Barclays PLC reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, July 9th. Wells Fargo & Co. restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Saturday, July 9th. Nomura restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Sunday, July 17th. Drexel Hamilton restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Sunday, July 17th. Finally, Oppenheimer Holdings Inc. restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Sunday, July 17th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $71.34.

In other news, COO Matthew E. Zames sold 3,991 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $63.91, for a total transaction of $255,064.81. Following the completion of the transaction, the chief operating officer now directly owns 282,287 shares in the company, valued at $18,040,962.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gordon Smith sold 23,735 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $64.05, for a total transaction of $1,520,226.75. Following the transaction, the executive vice president now owns 152,462 shares of the company’s stock, valued at $9,765,191.10. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

JPMorgan Chase & Co. Company 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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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