Commonwealth Equity Services Inc increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.4% during the third quarter, Holdings Channel reports. The fund owned 598,521 shares of the financial services provider’s stock after buying an additional 19,610 shares during the period. Commonwealth Equity Services Inc’s holdings in JPMorgan Chase & Co. were worth $39,856,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the stock. Family Firm Inc. raised its stake in JPMorgan Chase & Co. by 0.3% in the second quarter. Family Firm Inc. now owns 3,489 shares of the financial services provider’s stock worth $217,000 after buying an additional 11 shares during the last quarter. Marshwinds Advisory Co. raised its stake in JPMorgan Chase & Co. by 0.3% in the third quarter. Marshwinds Advisory Co. now owns 4,383 shares of the financial services provider’s stock worth $292,000 after buying an additional 11 shares during the last quarter. Nadler Financial Group Inc. raised its stake in JPMorgan Chase & Co. by 0.3% in the second quarter. Nadler Financial Group Inc. now owns 5,142 shares of the financial services provider’s stock worth $320,000 after buying an additional 14 shares during the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in JPMorgan Chase & Co. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,014 shares of the financial services provider’s stock worth $125,000 after buying an additional 14 shares during the last quarter. Finally, Evanson Asset Management LLC raised its stake in JPMorgan Chase & Co. by 0.4% in the second quarter. Evanson Asset Management LLC now owns 4,969 shares of the financial services provider’s stock worth $309,000 after buying an additional 18 shares during the last quarter. Institutional investors own 72.45% of the company’s stock.

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

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up 1.25% during mid-day trading on Wednesday, reaching $79.91. The company’s stock had a trading volume of 4,909,084 shares. JPMorgan Chase & Co. has a one year low of $52.50 and a one year high of $80.44. The firm has a market cap of $285.90 billion, a PE ratio of 13.78 and a beta of 1.51. The firm’s 50 day moving average is $71.99 and its 200 day moving average is $66.51.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.19. The firm earned $25.50 billion during the quarter. JPMorgan Chase & Co. had a return on equity of 10.47% and a net margin of 22.92%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 EPS. On average, equities analysts anticipate that JPMorgan Chase & Co. will post $5.88 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Thursday, October 6th were issued a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, October 4th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.43%. JPMorgan Chase & Co.’s payout ratio is 33.10%.

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A number of brokerages have weighed in on JPM. Vetr lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $71.81 target price on the stock. in a research note on Monday, November 7th. Macquarie restated a “neutral” rating and issued a $70.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, October 17th. Sanford C. Bernstein lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $65.72 to $67.00 in a research note on Tuesday, August 16th. They noted that the move was a valuation call. Compass Point began coverage on JPMorgan Chase & Co. in a research note on Tuesday, October 11th. They issued a “sell” rating on the stock. Finally, Buckingham Research lowered JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and upped their target price for the stock from $71.00 to $74.00 in a research note on Monday, October 17th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eighteen have given a buy rating to the company. JPMorgan Chase & Co. presently has an average rating of “Hold” and an average target price of $72.43.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $69.03, for a total value of $144,893.97. Following the completion of the transaction, the general counsel now owns 4,752 shares of the company’s stock, valued at $328,030.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Marianne Lake sold 14,083 shares of the business’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $67.26, for a total transaction of $947,222.58. Following the completion of the transaction, the chief financial officer now directly owns 16,581 shares of the company’s stock, valued at approximately $1,115,238.06. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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