New England Research & Management Inc. Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

New England Research & Management Inc. reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 63.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,758 shares of the financial services provider’s stock after selling 4,700 shares during the quarter. New England Research & Management Inc.’s holdings in JPMorgan Chase & Co. were worth $325,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JPM. Personal Wealth Partners purchased a new position in shares of JPMorgan Chase & Co. in the second quarter valued at $28,000. MRA Associates USA LLC purchased a new position in shares of JPMorgan Chase & Co. in the second quarter valued at $30,000. Bridger Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the third quarter valued at $33,000. Vista Private Wealth Partners. LLC bought a new position in JPMorgan Chase & Co. during the 3rd quarter valued at $35,000. Finally, Titan Capital Management LLC CA bought a new position in JPMorgan Chase & Co. during the 2nd quarter valued at $35,000. Institutional investors own 71.90% of the company’s stock.

A number of research analysts have commented on JPM shares. Credit Suisse Group set a $135.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, October 11th. BMO Capital Markets increased their price objective on shares of JPMorgan Chase & Co. to $126.00 in a research note on Wednesday, October 16th. DZ Bank reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, August 21st. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a $117.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $123.02.

In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 83,289 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $119.98, for a total transaction of $9,993,014.22. Following the sale, the chief executive officer now directly owns 393,197 shares of the company’s stock, valued at $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, CEO Daniel E. Pinto sold 64,198 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $130.91, for a total transaction of $8,404,160.18. Following the sale, the chief executive officer now directly owns 451,481 shares in the company, valued at $59,103,377.71. The disclosure for this sale can be found here. Insiders have sold 152,944 shares of company stock worth $19,088,970 over the last three months. 0.76% of the stock is owned by corporate insiders.

Shares of NYSE:JPM traded up $0.38 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. The firm has a market capitalization of $404.92 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 1.81 and a beta of 1.21. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $131.29. The business’s 50-day moving average is $120.77 and its two-hundred day moving average is $114.02. The company has a quick ratio of 0.97, a current ratio of 0.93 and a debt-to-equity ratio of 1.26.

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

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

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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