Triangle Securities Wealth Management decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,338 shares of the financial services provider’s stock after selling 664 shares during the period. JPMorgan Chase & Co. accounts for about 1.8% of Triangle Securities Wealth Management’s portfolio, making the stock its 13th largest position. Triangle Securities Wealth Management’s holdings in JPMorgan Chase & Co. were worth $2,553,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. increased its position in shares of JPMorgan Chase & Co. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,014 shares of the financial services provider’s stock valued at $125,000 after buying an additional 14 shares in the last quarter. Vigilant Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 22.1% in the second quarter. Vigilant Capital Management LLC now owns 2,079 shares of the financial services provider’s stock valued at $129,000 after buying an additional 376 shares in the last quarter. Perkins Coie Trust Co increased its position in shares of JPMorgan Chase & Co. by 10.2% in the second quarter. Perkins Coie Trust Co now owns 2,163 shares of the financial services provider’s stock valued at $134,000 after buying an additional 200 shares in the last quarter. Hanson McClain Inc. increased its position in shares of JPMorgan Chase & Co. by 1.3% in the second quarter. Hanson McClain Inc. now owns 2,384 shares of the financial services provider’s stock valued at $148,000 after buying an additional 31 shares in the last quarter. Finally, Physicians Financial Services Inc. increased its position in shares of JPMorgan Chase & Co. by 12.2% in the second quarter. Physicians Financial Services Inc. now owns 2,432 shares of the financial services provider’s stock valued at $151,000 after buying an additional 265 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)

JPMorgan Chase & Co. (NYSE:JPM) traded up 0.77% on Tuesday, hitting $78.92. 14,144,062 shares of the stock traded hands. The stock has a 50-day moving average price of $71.99 and a 200 day moving average price of $66.51. JPMorgan Chase & Co. has a 12-month low of $52.50 and a 12-month high of $80.44. The stock has a market cap of $282.36 billion, a P/E ratio of 13.61 and a beta of 1.51.

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

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

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Several analysts have commented on the stock. lifted their target price on shares of JPMorgan Chase & Co. from $71.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, September 23rd. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 20th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 27th. Vetr raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $70.76 target price for the company in a research note on Monday, October 17th. Finally, Nomura reaffirmed a “hold” rating and issued a $65.00 target price on shares of JPMorgan Chase & Co. in a research note on Thursday, September 29th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have assigned a buy rating to the company. JPMorgan Chase & Co. currently has an average rating of “Hold” and an average price target of $72.43.

In other news, insider Mark O’donovan sold 4,035 shares of the firm’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $69.05, for a total transaction of $278,616.75. Following the completion of the transaction, the insider now directly owns 6,005 shares of the company’s stock, valued at approximately $414,645.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Marianne Lake sold 14,083 shares of the firm’s stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $67.26, for a total transaction of $947,222.58. Following the transaction, the chief financial officer now directly owns 16,581 shares of the company’s stock, valued at $1,115,238.06. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by company insiders.

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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