SSI Investment Management Inc. lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 13.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,560 shares of the financial services provider’s stock after selling 1,806 shares during the quarter. SSI Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $1,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. BlackRock Inc. lifted its stake in shares of JPMorgan Chase & Co. by 0.7% during the 1st quarter. BlackRock Inc. now owns 228,054,279 shares of the financial services provider’s stock valued at $25,079,128,000 after buying an additional 1,627,006 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of JPMorgan Chase & Co. by 4.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,199,709 shares of the financial services provider’s stock valued at $1,167,010,000 after buying an additional 481,210 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of JPMorgan Chase & Co. by 0.5% during the 1st quarter. California Public Employees Retirement System now owns 9,430,305 shares of the financial services provider’s stock valued at $1,037,051,000 after buying an additional 44,527 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in shares of JPMorgan Chase & Co. by 104.9% during the 1st quarter. OppenheimerFunds Inc. now owns 9,051,033 shares of the financial services provider’s stock valued at $995,342,000 after buying an additional 4,634,515 shares in the last quarter. Finally, Summit Trail Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 10,129.2% during the 1st quarter. Summit Trail Advisors LLC now owns 6,914,142 shares of the financial services provider’s stock valued at $6,914,000 after buying an additional 6,846,550 shares in the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

A number of research analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 25th. They set an “outperform” rating on the stock. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, September 17th. Goldman Sachs Group set a $128.00 price target on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a report on Monday, July 23rd. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a report on Monday, September 17th. Finally, BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. to $124.00 and gave the company a “market perform” rating in a report on Monday, October 15th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $123.59.

In other news, Director Mellody L. Hobson purchased 1,150 shares of the business’s stock in a transaction that occurred on Friday, October 19th. The shares were bought at an average cost of $108.94 per share, for a total transaction of $125,281.00. Following the acquisition, the director now owns 2,632 shares of the company’s stock, valued at approximately $286,730.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.73% of the company’s stock.

Shares of NYSE:JPM opened at $110.83 on Tuesday. The stock has a market cap of $377.48 billion, a P/E ratio of 16.13, a PEG ratio of 1.78 and a beta of 1.13. JPMorgan Chase & Co. has a 12 month low of $97.76 and a 12 month high of $119.33. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.01 and a current ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, beating the consensus estimate of $2.24 by $0.10. The company had revenue of $27.26 billion for the quarter, compared to the consensus estimate of $27.20 billion. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. During the same period in the prior year, the firm posted $1.76 EPS. On average, equities analysts forecast that JPMorgan Chase & Co. will post 9.26 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, October 5th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.89%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Thursday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 46.58%.

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JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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