BOK Financial Private Wealth Inc. reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 70.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,288 shares of the financial services provider's stock after selling 24,044 shares during the quarter. BOK Financial Private Wealth Inc.'s holdings in JPMorgan Chase & Co. were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Homestead Advisers Corp boosted its stake in JPMorgan Chase & Co. by 1.0% in the 2nd quarter. Homestead Advisers Corp now owns 1,165,236 shares of the financial services provider's stock worth $131,217,000 after purchasing an additional 11,000 shares during the period. Total Clarity Wealth Management Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 3.7% in the second quarter. Total Clarity Wealth Management Inc. now owns 11,430 shares of the financial services provider's stock worth $1,287,000 after buying an additional 407 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 11.3% during the third quarter. Aptus Capital Advisors LLC now owns 153,622 shares of the financial services provider's stock worth $16,054,000 after acquiring an additional 15,607 shares during the last quarter. Leisure Capital Management increased its holdings in JPMorgan Chase & Co. by 2.7% in the 3rd quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider's stock valued at $2,376,000 after acquiring an additional 600 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in JPMorgan Chase & Co. by 2.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 621,950 shares of the financial services provider's stock worth $70,038,000 after purchasing an additional 12,411 shares in the last quarter. 67.89% of the stock is owned by hedge funds and other institutional investors.
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Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Credit Suisse Group set a $155.00 price objective on JPMorgan Chase & Co. in a research report on Tuesday, January 17th. StockNews.com started coverage on JPMorgan Chase & Co. in a research note on Wednesday, October 12th. They issued a "hold" rating on the stock. Morgan Stanley increased their target price on JPMorgan Chase & Co. from $153.00 to $167.00 and gave the company an "overweight" rating in a research report on Tuesday, January 17th. BMO Capital Markets raised their target price on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the company a "market perform" rating in a report on Monday, October 17th. Finally, Oppenheimer increased their price objective on shares of JPMorgan Chase & Co. from $169.00 to $177.00 and gave the company an "outperform" rating in a research report on Tuesday, January 17th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $147.89.
JPMorgan Chase & Co. Trading Up 0.2 %
Shares of NYSE JPM opened at $140.32 on Monday. The business's 50 day moving average price is $135.18 and its 200-day moving average price is $123.62. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $159.03. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $411.59 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 2.18 and a beta of 1.13.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, topping analysts' consensus estimates of $3.11 by $0.46. The business had revenue of $34.55 billion for the quarter, compared to analyst estimates of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The business's revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.33 earnings per share. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 12.88 earnings per share for the current year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Thursday, January 5th. This represents a $4.00 dividend on an annualized basis and a yield of 2.85%. JPMorgan Chase & Co.'s dividend payout ratio is currently 33.11%.
Insider Transactions at JPMorgan Chase & Co.
In other news, Director Mellody L. Hobson purchased 375 shares of the stock in a transaction that occurred on Thursday, January 19th. The stock was purchased at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the acquisition, the director now owns 22,040 shares of the company's stock, valued at $2,965,041.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Mellody L. Hobson purchased 375 shares of the business's stock in a transaction dated Thursday, January 19th. The shares were purchased at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the purchase, the director now owns 22,040 shares in the company, valued at approximately $2,965,041.20. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Peter Scher sold 4,399 shares of the company's stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total transaction of $617,267.68. Following the completion of the sale, the insider now directly owns 36,369 shares of the company's stock, valued at $5,103,298.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,887 shares of company stock valued at $5,315,762. 0.79% of the stock is currently owned by company insiders.
About JPMorgan Chase & Co.
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JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.
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