JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Keybank National Association OH

Keybank National Association OH reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,276,204 shares of the financial services provider’s stock after selling 10,873 shares during the quarter. JPMorgan Chase & Co. comprises about 1.5% of Keybank National Association OH’s portfolio, making the stock its 10th largest position. Keybank National Association OH owned about 0.07% of JPMorgan Chase & Co. worth $267,887,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in JPM. Cohen Lawrence B grew its holdings in shares of JPMorgan Chase & Co. by 7.6% during the 3rd quarter. Cohen Lawrence B now owns 35,811 shares of the financial services provider’s stock valued at $4,214,000 after purchasing an additional 2,536 shares during the last quarter. Hemenway Trust Co LLC bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at approximately $520,000. Broderick Brian C grew its holdings in shares of JPMorgan Chase & Co. by 60.1% during the 3rd quarter. Broderick Brian C now owns 2,958 shares of the financial services provider’s stock valued at $348,000 after purchasing an additional 1,110 shares during the last quarter. Rosenbaum Jay D. grew its holdings in shares of JPMorgan Chase & Co. by 3.1% during the 3rd quarter. Rosenbaum Jay D. now owns 13,965 shares of the financial services provider’s stock valued at $1,644,000 after purchasing an additional 420 shares during the last quarter. Finally, Eastern Bank grew its holdings in shares of JPMorgan Chase & Co. by 2.0% during the 3rd quarter. Eastern Bank now owns 324,792 shares of the financial services provider’s stock valued at $38,225,000 after purchasing an additional 6,221 shares during the last quarter. 71.90% of the stock is currently owned by hedge funds and other institutional investors.

JPM traded up $0.38 during trading on Friday, reaching $130.38. 9,160,446 shares of the company’s stock were exchanged, compared to its average volume of 12,174,789. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $131.29. The company has a current ratio of 0.93, a quick ratio of 0.97 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $404.92 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 1.81 and a beta of 1.21. The firm has a fifty day moving average price of $120.77 and a two-hundred day moving average price of $114.02.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.45 by $0.23. The firm had revenue of $29.34 billion for the quarter, compared to the consensus estimate of $28.36 billion. JPMorgan Chase & Co. had a net margin of 24.70% and a return on equity of 14.63%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.34 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 10.17 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given a $0.90 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.76%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. JPMorgan Chase & Co.’s payout ratio is 40.00%.

In other news, CEO Gordon Smith sold 83,289 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $119.98, for a total value of $9,993,014.22. Following the transaction, the chief executive officer now owns 393,197 shares in the company, valued at approximately $47,175,776.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicole Giles sold 863 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $126.73, for a total transaction of $109,367.99. Following the completion of the transaction, the insider now owns 8,949 shares in the company, valued at approximately $1,134,106.77. The disclosure for this sale can be found here. Insiders sold a total of 152,944 shares of company stock worth $19,088,970 in the last 90 days. Corporate insiders own 0.76% of the company’s stock.

Several equities research analysts recently issued reports on JPM shares. Wells Fargo & Co set a $125.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday, August 16th. Morgan Stanley raised shares of JPMorgan Chase & Co. to an “overweight” rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their price target on shares of JPMorgan Chase & Co. to $125.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. to $126.00 in a report on Wednesday, October 16th. Finally, DZ Bank reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus price target of $123.02.

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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