Triangle Securities Wealth Management cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,054 shares of the financial services provider’s stock after selling 548 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.9% of Triangle Securities Wealth Management’s holdings, making the stock its 8th biggest position. Triangle Securities Wealth Management’s holdings in JPMorgan Chase & Co. were worth $3,340,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. grew its holdings in JPMorgan Chase & Co. by 0.7% in the 1st quarter. BlackRock Inc. now owns 228,054,279 shares of the financial services provider’s stock valued at $25,079,128,000 after buying an additional 1,627,006 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of JPMorgan Chase & Co. by 1.4% during the 4th quarter. Bank of New York Mellon Corp now owns 38,499,692 shares of the financial services provider’s stock worth $4,117,157,000 after purchasing an additional 530,709 shares during the period. UBS Asset Management Americas Inc. grew its holdings in shares of JPMorgan Chase & Co. by 1.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 16,016,187 shares of the financial services provider’s stock worth $1,712,771,000 after purchasing an additional 262,688 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 12,738,914 shares of the financial services provider’s stock worth $1,400,899,000 after purchasing an additional 49,436 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in JPMorgan Chase & Co. by 1.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 12,593,127 shares of the financial services provider’s stock worth $1,346,709,000 after acquiring an additional 169,061 shares in the last quarter. 70.56% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on JPM shares. Keefe, Bruyette & Woods reissued a “$111.53” rating and set a $127.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 18th. Royal Bank of Canada reissued a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 16th. Credit Suisse Group set a $130.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Thursday, July 12th. DZ Bank raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Finally, UBS Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $121.99.

Shares of NYSE JPM traded down $1.18 during trading on Friday, reaching $106.95. The stock had a trading volume of 32,048,399 shares, compared to its average volume of 14,428,502. JPMorgan Chase & Co. has a one year low of $94.96 and a one year high of $119.33. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $387.26 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.10. The business had revenue of $27.26 billion during the quarter, compared to the consensus estimate of $27.20 billion. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%. During the same period in the previous year, the business earned $1.76 EPS. As a group, equities analysts predict that JPMorgan Chase & Co. will post 9.17 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, October 5th will be paid a dividend of $0.80 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. This represents a $3.20 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Thursday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 46.58%.

In related news, CEO Gordon Smith sold 30,725 shares of the company’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $114.01, for a total transaction of $3,502,957.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is owned by corporate insiders.

About JPMorgan Chase & Co.

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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