First Mercantile Trust Co. decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 20.5% during the third quarter, Holdings Channel reports. The firm owned 39,464 shares of the financial services provider’s stock after selling 10,191 shares during the period. First Mercantile Trust Co.’s holdings in JPMorgan Chase & Co. were worth $2,628,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of JPM. Woodstock Corp raised its position in JPMorgan Chase & Co. by 1.2% in the third quarter. Woodstock Corp now owns 48,372 shares of the financial services provider’s stock valued at $3,221,000 after buying an additional 565 shares during the last quarter. First American Bank raised its position in shares of JPMorgan Chase & Co. by 75.1% in the third quarter. First American Bank now owns 86,793 shares of the financial services provider’s stock valued at $5,779,000 after buying an additional 37,222 shares in the last quarter. Atalanta Sosnoff Capital LLC raised its position in shares of JPMorgan Chase & Co. by 1.2% in the third quarter. Atalanta Sosnoff Capital LLC now owns 1,329,688 shares of the financial services provider’s stock valued at $88,544,000 after buying an additional 15,856 shares in the last quarter. Peachtree Investment Advisors Inc. raised its position in shares of JPMorgan Chase & Co. by 0.5% in the third quarter. Peachtree Investment Advisors Inc. now owns 20,325 shares of the financial services provider’s stock valued at $1,353,000 after buying an additional 100 shares in the last quarter. Finally, Foundry Partners LLC raised its position in shares of JPMorgan Chase & Co. by 9.0% in the third quarter. Foundry Partners LLC now owns 469,315 shares of the financial services provider’s stock valued at $31,252,000 after buying an additional 38,825 shares in the last quarter. Institutional investors own 72.45% of the company’s stock.

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

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up 0.77% during trading on Tuesday, hitting $78.92. 14,144,062 shares of the company traded hands. JPMorgan Chase & Co. has a 52-week low of $52.50 and a 52-week high of $80.44. The company has a 50-day moving average of $71.99 and a 200-day moving average of $66.51. The stock has a market capitalization of $282.36 billion, a PE ratio of 13.61 and a beta of 1.51.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 14th. The financial services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.19. The company earned $25.50 billion during the quarter. JPMorgan Chase & Co. had a return on equity of 10.47% and a net margin of 22.92%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.54 earnings per share. Equities analysts expect that JPMorgan Chase & Co. will post $5.88 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Thursday, October 6th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Tuesday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 33.10%.

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Several equities research analysts have recently commented on JPM shares. Barclays PLC reissued an “overweight” rating and set a $79.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 12th. Citigroup Inc. downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research report on Monday, August 8th. They noted that the move was a valuation call. Compass Point assumed coverage on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 11th. They issued a “sell” rating for the company. Macquarie cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $72.00 to $70.00 in a research note on Friday, September 9th. Finally, Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eighteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $72.43.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $69.03, for a total transaction of $144,893.97. Following the completion of the sale, the general counsel now owns 4,752 shares in the company, valued at $328,030.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mary E. Erdoes sold 25,542 shares of the business’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $67.26, for a total value of $1,717,954.92. Following the sale, the chief executive officer now owns 291,080 shares of the company’s stock, valued at approximately $19,578,040.80. The disclosure for this sale can be found here. 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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