Today: Today, Honeywell International Inc. sells partial stakes of JPMorgan Chase & Co. (JPM)

Today, Honeywell International Inc. sells partial stakes of JPMorgan Chase & Co. (JPM)

Honeywell International Inc. reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 300,000 shares of the financial services provider’s stock after selling 15,000 shares during the period. Honeywell International Inc.’s holdings in JPMorgan Chase & Co. were worth $18,642,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Sadoff Investment Management LLC raised its position in JPMorgan Chase & Co. by 3.4% in the first quarter. Sadoff Investment Management LLC now owns 4,674 shares of the financial services provider’s stock valued at $277,000 after buying an additional 153 shares during the last quarter. Forte Capital LLC ADV raised its position in JPMorgan Chase & Co. by 1.1% in the first quarter. Forte Capital LLC ADV now owns 14,893 shares of the financial services provider’s stock valued at $882,000 after buying an additional 163 shares during the last quarter. First Manhattan Co. raised its position in JPMorgan Chase & Co. by 8.9% in the first quarter. First Manhattan Co. now owns 176,209 shares of the financial services provider’s stock valued at $10,435,000 after buying an additional 14,334 shares during the last quarter. Douglas Lane & Associates LLC purchased a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $25,105,000. Finally, Duncker Streett & Co. Inc. raised its position in JPMorgan Chase & Co. by 1.3% in the first quarter. Duncker Streett & Co. Inc. now owns 38,562 shares of the financial services provider’s stock valued at $2,284,000 after buying an additional 513 shares during the last quarter. Institutional investors own 73.41% of the company’s stock.

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up 1.03% during trading on Tuesday, reaching $67.86. The company had a trading volume of 3,105,258 shares. JPMorgan Chase & Co. has a 52 week low of $52.50 and a 52 week high of $69.06. The firm has a market capitalization of $245.08 billion, a price-to-earnings ratio of 11.50 and a beta of 1.54. The firm has a 50-day moving average of $67.06 and a 200 day moving average of $64.13.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.19. JPMorgan Chase & Co. had a return on equity of 10.47% and a net margin of 22.92%. The business had revenue of $25.50 billion for the quarter. During the same quarter in the prior year, the company earned $1.54 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts forecast that JPMorgan Chase & Co. will post $5.66 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Thursday, October 6th will be given a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.92 annualized dividend and a dividend yield of 2.86%. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.10%.

A number of analysts have recently issued reports on the stock. Sandler O’Neill lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a research note on Thursday, October 6th. Vetr raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $68.05 price objective for the company in a research note on Tuesday, August 16th. Jefferies Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Sunday, July 17th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, September 13th. Finally, Macquarie downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $72.00 to $70.00 in a report on Friday, September 9th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have given a buy rating to the company. JPMorgan Chase & Co. presently has an average rating of “Buy” and an average target price of $72.38.

JPMorgan Chase & Co. Company Profile

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