Greylin Investment Mangement Inc. decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 20.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,440 shares of the financial services provider’s stock after selling 2,382 shares during the quarter. Greylin Investment Mangement Inc.’s holdings in JPMorgan Chase & Co. were worth $984,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Quad Cities Investment Group LLC bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter worth $124,000. Ballew Advisors Inc increased its holdings in shares of JPMorgan Chase & Co. by 104.2% in the 2nd quarter. Ballew Advisors Inc now owns 1,213 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 619 shares in the last quarter. Financial Gravity Wealth Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth $150,000. Stelac Advisory Services LLC bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth $162,000. Finally, Private Ocean LLC increased its holdings in shares of JPMorgan Chase & Co. by 94.7% in the 1st quarter. Private Ocean LLC now owns 1,694 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 824 shares in the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

Shares of JPM opened at $107.64 on Thursday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 1.01. JPMorgan Chase & Co. has a one year low of $97.93 and a one year high of $119.33. The firm has a market capitalization of $372.20 billion, a P/E ratio of 15.67, a PEG ratio of 1.76 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.24 by $0.10. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. The company had revenue of $27.26 billion during the quarter, compared to analyst estimates of $27.20 billion. During the same quarter in the previous year, the company posted $1.76 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post 9.26 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, October 5th were issued a $0.80 dividend. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $3.20 annualized dividend and a dividend yield of 2.97%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. JPMorgan Chase & Co.’s payout ratio is presently 46.58%.

In other news, Director Mellody L. Hobson acquired 1,150 shares of the business’s stock in a transaction that occurred on Friday, October 19th. The stock was bought at an average price of $108.94 per share, with a total value of $125,281.00. Following the completion of the acquisition, the director now directly 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 is available through this hyperlink. Insiders own 0.73% of the company’s stock.

A number of analysts have commented on the company. Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Wednesday. Wolfe Research assumed coverage on JPMorgan Chase & Co. in a report on Tuesday, September 25th. They issued an “outperform” rating for the company. Bank of America lifted their target price on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the stock a “buy” rating in a report on Monday, September 17th. BMO Capital Markets lifted their target price on JPMorgan Chase & Co. to $124.00 and gave the stock a “market perform” rating in a report on Monday, October 15th. Finally, Wells Fargo & Co set a $130.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Thursday, November 15th. Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. has an average rating of “Buy” and an average price target of $123.59.

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JPMorgan Chase & Co. 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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