Psagot Investment House Ltd. lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.3% in the second quarter, HoldingsChannel.com reports. The firm owned 341,267 shares of the financial services provider’s stock after selling 15,263 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.6% of Psagot Investment House Ltd.’s portfolio, making the stock its 15th biggest holding. Psagot Investment House Ltd.’s holdings in JPMorgan Chase & Co. were worth $38,154,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JPM. BKD Wealth Advisors LLC grew its stake in JPMorgan Chase & Co. by 3.4% in the 4th quarter. BKD Wealth Advisors LLC now owns 45,053 shares of the financial services provider’s stock worth $4,398,000 after acquiring an additional 1,500 shares during the period. City Holding Co. grew its stake in JPMorgan Chase & Co. by 3.3% in the 4th quarter. City Holding Co. now owns 23,577 shares of the financial services provider’s stock worth $2,302,000 after acquiring an additional 752 shares during the period. Steigerwald Gordon & Koch Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.9% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 108,224 shares of the financial services provider’s stock valued at $10,565,000 after buying an additional 2,062 shares during the period. Weather Gauge Advisory LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $924,000. Finally, Adirondack Trust Co. grew its stake in shares of JPMorgan Chase & Co. by 0.5% during the 4th quarter. Adirondack Trust Co. now owns 20,026 shares of the financial services provider’s stock valued at $1,955,000 after buying an additional 99 shares during the period. 71.59% of the stock is owned by institutional investors and hedge funds.

In related news, insider Lori A. Beer sold 13,341 shares of JPMorgan Chase & Co. 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 transaction, the insider now owns 10,130 shares in the company, valued at approximately $1,157,656.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Peter Scher sold 10,816 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,243,840.00. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

NYSE:JPM opened at $106.49 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $344.31 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 1.58 and a beta of 1.16. The company’s fifty day simple moving average is $112.92. 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 posted its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.50 by $0.32. The business had revenue of $28.83 billion for the quarter, compared to analyst estimates of $28.52 billion. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.29 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 9.92 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $3.20 annualized dividend and a dividend yield of 3.01%. JPMorgan Chase & Co.’s payout ratio is 35.56%.

Several analysts have recently issued reports on JPM shares. Morgan Stanley set a $122.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, August 9th. Goldman Sachs Group reissued a “neutral” rating and set a $117.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. Royal Bank of Canada reissued a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 16th. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Finally, ValuEngine cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $122.32.

JPMorgan Chase & Co. Company 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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