Liberty Capital Management Inc. cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 29.2% during the third quarter, Holdings Channel reports. The institutional investor owned 8,092 shares of the financial services provider’s stock after selling 3,331 shares during the period. Liberty Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $539,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of JPM. Emerald Acquisition Ltd. acquired a new stake in JPMorgan Chase & Co. during the second quarter worth approximately $546,431,000. Vanguard Group Inc. increased its stake in JPMorgan Chase & Co. by 2.1% in the second quarter. Vanguard Group Inc. now owns 229,636,598 shares of the financial services provider’s stock valued at $14,269,618,000 after buying an additional 4,692,609 shares in the last quarter. Winslow Capital Management LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at about $221,862,000. Wellington Management Group LLP increased its stake in JPMorgan Chase & Co. by 4.4% in the first quarter. Wellington Management Group LLP now owns 69,735,097 shares of the financial services provider’s stock valued at $4,129,713,000 after buying an additional 2,936,653 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in JPMorgan Chase & Co. by 200.9% in the third quarter. BNP Paribas Arbitrage SA now owns 4,145,850 shares of the financial services provider’s stock valued at $276,072,000 after buying an additional 2,768,188 shares in the last quarter. Institutional investors own 73.30% of the company’s stock.
Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down 0.04% during midday trading on Friday, reaching $78.83. The company’s stock had a trading volume of 6,185,719 shares. The stock has a market capitalization of $282.04 billion, a PE ratio of 13.60 and a beta of 1.51. The stock’s 50 day moving average is $71.70 and its 200 day moving average is $66.33. JPMorgan Chase & Co. has a 12 month low of $52.50 and a 12 month high of $80.44.
JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, October 14th. The financial services provider reported $1.58 EPS for the quarter, beating the Zacks’ 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 company earned $25.50 billion during the quarter. During the same quarter in the previous year, the firm earned $1.54 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. On average, analysts forecast that JPMorgan Chase & Co. will post $5.88 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Thursday, October 6th were paid a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, October 4th. This represents a $1.92 dividend on an annualized basis and a yield of 2.44%. JPMorgan Chase & Co.’s payout ratio is currently 33.10%.
Several equities research analysts recently issued reports on JPM shares. boosted their price objective on JPMorgan Chase & Co. from $71.00 to $79.00 and gave the company a “buy” rating in a report on Friday, September 23rd. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday, October 5th. Jefferies Group boosted their price objective on JPMorgan Chase & Co. from $67.00 to $77.00 and gave the company a “buy” rating in a report on Monday, October 10th. Vetr upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $70.76 price objective on the stock in a report on Monday, October 17th. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $78.00 price objective on shares of JPMorgan Chase & Co. in a report on Thursday, November 3rd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $72.43.
In other news, CFO Marianne Lake sold 14,083 shares of the business’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $67.26, for a total transaction of $947,222.58. Following the completion of the transaction, the chief financial officer now directly owns 16,581 shares in the company, valued at $1,115,238.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark O’donovan sold 4,035 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $69.05, for a total value of $278,616.75. Following the transaction, the insider now owns 6,005 shares of the company’s stock, valued at $414,645.25. The disclosure for this sale can be found here. 0.85% of the stock is owned by company insiders.
About JPMorgan Chase & Co.
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.