New Mexico Educational Retirement Board lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,550 shares of the financial services provider’s stock after selling 12,900 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.3% of New Mexico Educational Retirement Board’s investment portfolio, making the stock its 6th biggest position. New Mexico Educational Retirement Board’s holdings in JPMorgan Chase & Co. were worth $34,253,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Arlington Partners LLC lifted its stake in JPMorgan Chase & Co. by 126.6% during the third quarter. Arlington Partners LLC now owns 895 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 500 shares during the last quarter. Investment Partners LTD. lifted its stake in shares of JPMorgan Chase & Co. by 12.5% in the 3rd quarter. Investment Partners LTD. now owns 21,950 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 2,436 shares during the last quarter. Quad Cities Investment Group LLC bought a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $124,000. O Brien Wealth Partners LLC lifted its stake in shares of JPMorgan Chase & Co. by 1,120.9% in the 3rd quarter. O Brien Wealth Partners LLC now owns 1,111 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 1,020 shares during the last quarter. Finally, Kwmg LLC bought a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $158,000. 69.08% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:JPM opened at $106.55 on Friday. The firm has a market cap of $365.68 billion, a P/E ratio of 11.84, a P/E/G ratio of 1.60 and a beta of 1.12. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.00 and a quick ratio of 1.00. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.20 by ($0.22). The company had revenue of $26.10 billion for the quarter, compared to the consensus estimate of $26.69 billion. JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.76 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 9.73 earnings per share for the current fiscal year.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,831 shares of the stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $102.78, for a total transaction of $599,310.18. Following the completion of the sale, the insider now directly owns 98,838 shares in the company, valued at approximately $10,158,569.64. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas B. Petno sold 11,659 shares of the stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $105.00, for a total value of $1,224,195.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,191 shares of company stock valued at $4,102,110. 0.73% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on JPM shares. Atlantic Securities cut JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note on Wednesday, December 19th. Barclays increased their price target on JPMorgan Chase & Co. from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, January 2nd. BMO Capital Markets dropped their price target on JPMorgan Chase & Co. from $124.00 to $123.00 and set a “market perform” rating for the company in a research note on Wednesday, January 16th. Morgan Stanley dropped their price target on JPMorgan Chase & Co. from $131.00 to $124.00 and set an “overweight” rating for the company in a research note on Tuesday, January 8th. Finally, Jefferies Financial Group cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 price target for the company. in a research note on Tuesday, January 8th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. JPMorgan Chase & Co. has a consensus rating of “Buy” and an average target price of $122.87.

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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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