Todays Report: Today: Schooner Investment Group LLC. Sold shares of JPMorgan Chase & Co. (JPM)

Today: Schooner Investment Group LLC. Sold shares of JPMorgan Chase & Co. (JPM)

Schooner Investment Group LLC. decreased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 20.0% during the second quarter, Holdings Channel reports. The institutional investor owned 10,000 shares of the financial services provider’s stock after selling 2,500 shares during the period. JPMorgan Chase & Co. comprises approximately 1.5% of Schooner Investment Group LLC.’s portfolio, making the stock its 14th largest position. Schooner Investment Group LLC.’s holdings in JPMorgan Chase & Co. were worth $613,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Hellman Jordan Management Co. Inc. MA purchased a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $1,190,000. Twin Capital Management Inc. raised its stake in shares of JPMorgan Chase & Co. by 12.8% in the second quarter. Twin Capital Management Inc. now owns 242,700 shares of the financial services provider’s stock valued at $15,081,000 after buying an additional 27,600 shares in the last quarter. Assetmark Inc. raised its stake in shares of JPMorgan Chase & Co. by 6.3% in the second quarter. Assetmark Inc. now owns 328,855 shares of the financial services provider’s stock valued at $20,435,000 after buying an additional 19,521 shares in the last quarter. Bailard Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $4,319,000. Finally, KLCM Advisors Inc. raised its stake in shares of JPMorgan Chase & Co. by 0.7% in the second quarter. KLCM Advisors Inc. now owns 220,103 shares of the financial services provider’s stock valued at $13,677,000 after buying an additional 1,611 shares in the last quarter. Institutional investors own 73.34% of the company’s stock.

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down 0.32% during trading on Friday, hitting $67.52. The company had a trading volume of 24,163,776 shares. JPMorgan Chase & Co. has a 12-month low of $52.50 and a 12-month high of $69.06. The stock has a market cap of $243.85 billion, a PE ratio of 11.44 and a beta of 1.54. The firm has a 50 day moving average of $67.03 and a 200 day moving average of $64.01.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, October 14th. The financial services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.39 by $0.19. The business had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $23.99 billion. JPMorgan Chase & Co. had a return on equity of 10.20% and a net margin of 24.47%. JPMorgan Chase & Co.’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 EPS. On average, analysts forecast that JPMorgan Chase & Co. will post $5.66 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Thursday, October 6th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Tuesday, October 4th. JPMorgan Chase & Co.’s payout ratio is currently 33.10%.

A number of equities research analysts have recently issued reports on JPM shares. KeyCorp reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 12th. Jefferies Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Sunday, July 10th. Credit Suisse Group AG reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Barclays PLC reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Finally, Wells Fargo & Co. reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $72.35.

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.

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