Sheets Smith Wealth Management lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,130 shares of the financial services provider’s stock after selling 353 shares during the quarter. Sheets Smith Wealth Management’s holdings in JPMorgan Chase & Co. were worth $3,145,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Royal London Asset Management Ltd. purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $182,400,000. ADAMCAPITAL Gestao de Recursos Ltda. lifted its position in shares of JPMorgan Chase & Co. by 32.0% during the 4th quarter. ADAMCAPITAL Gestao de Recursos Ltda. now owns 2,598,267 shares of the financial services provider’s stock worth $253,643,000 after buying an additional 629,580 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of JPMorgan Chase & Co. by 4.0% during the 4th quarter. Fisher Asset Management LLC now owns 5,426,978 shares of the financial services provider’s stock worth $529,782,000 after buying an additional 208,780 shares during the last quarter. NN Investment Partners Holdings N.V. increased its holdings in shares of JPMorgan Chase & Co. by 34.1% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 767,619 shares of the financial services provider’s stock valued at $85,819,000 after acquiring an additional 195,210 shares during the period. Finally, Vigilant Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 3,249.4% in the 4th quarter. Vigilant Capital Management LLC now owns 166,229 shares of the financial services provider’s stock valued at $16,227,000 after acquiring an additional 161,266 shares during the period. Institutional investors own 71.57% of the company’s stock.

JPM traded up $0.34 during trading on Monday, hitting $116.56. The stock had a trading volume of 4,449,029 shares, compared to its average volume of 10,139,415. The company has a quick ratio of 1.00, a current ratio of 0.97 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $377.01 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 1.67 and a beta of 1.16. The business has a 50-day moving average of $112.18. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.32. The company had revenue of $28.83 billion for the quarter, compared to analysts’ expectations of $28.52 billion. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.41%. JPMorgan Chase & Co.’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.29 EPS. As a group, analysts predict that JPMorgan Chase & Co. will post 9.92 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $3.20 annualized dividend and a yield of 2.75%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

In other JPMorgan Chase & Co. news, EVP Peter Scher sold 10,816 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total value of $1,243,840.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lori A. Beer sold 13,341 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the completion of the transaction, the insider now directly owns 10,130 shares in the company, valued at $1,157,656.40. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

A number of brokerages have recently commented on JPM. Royal Bank of Canada lifted their target price on shares of Johnson Service Group from GBX 180 ($2.35) to GBX 190 ($2.48) and gave the company an “outperform” rating in a report on Tuesday, July 16th. Morgan Stanley cut their target price on shares of Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. Zacks Investment Research cut shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. BMO Capital Markets lifted their target price on shares of Citigroup from $92.00 to $93.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Finally, Credit Suisse Group lifted their target price on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $122.94.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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