JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Cut by Spectrum Financial Alliance Ltd LLC

Spectrum Financial Alliance Ltd LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 17.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 132,623 shares of the financial services provider’s stock after selling 28,519 shares during the period. JPMorgan Chase & Co. comprises approximately 9.2% of Spectrum Financial Alliance Ltd LLC’s investment portfolio, making the stock its 5th largest position. Spectrum Financial Alliance Ltd LLC’s holdings in JPMorgan Chase & Co. were worth $14,637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of JPM. Morse Asset Management Inc increased its stake in JPMorgan Chase & Co. by 1.5% during the second quarter. Morse Asset Management Inc now owns 5,781 shares of the financial services provider’s stock worth $646,000 after purchasing an additional 86 shares during the period. Harvey Investment Co. LLC increased its stake in JPMorgan Chase & Co. by 0.4% during the second quarter. Harvey Investment Co. LLC now owns 21,596 shares of the financial services provider’s stock worth $2,414,000 after purchasing an additional 90 shares during the period. CMH Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 0.4% during the second quarter. CMH Wealth Management LLC now owns 25,978 shares of the financial services provider’s stock worth $2,904,000 after purchasing an additional 95 shares during the period. Comprehensive Portfolio Management LLC increased its stake in JPMorgan Chase & Co. by 1.3% during the second quarter. Comprehensive Portfolio Management LLC now owns 8,005 shares of the financial services provider’s stock worth $895,000 after purchasing an additional 99 shares during the period. Finally, Navellier & Associates Inc grew its position in shares of JPMorgan Chase & Co. by 4.8% during the second quarter. Navellier & Associates Inc now owns 2,181 shares of the financial services provider’s stock worth $244,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 71.89% of the company’s stock.

JPM traded up $0.34 on Friday, reaching $119.72. The company’s stock had a trading volume of 9,927,547 shares, compared to its average volume of 10,653,990. The stock has a 50 day moving average of $111.17 and a two-hundred day moving average of $110.13. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $379.13 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 1.71 and a beta of 1.19. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $120.40.



JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.32. The firm had revenue of $28.83 billion during the quarter, compared to the consensus estimate of $28.52 billion. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.29 earnings per share. As a group, analysts anticipate that JPMorgan Chase & Co. will post 9.88 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 3.01%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. JPMorgan Chase & Co.’s dividend payout ratio is 35.56%.

A number of equities analysts have recently commented on JPM shares. Morgan Stanley set a $122.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, August 9th. DZ Bank reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, August 21st. ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Goldman Sachs Group reissued a “neutral” rating and set a $117.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. Finally, Deutsche Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. Thirteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $121.94.

In related news, insider Lori A. Beer sold 13,341 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total value of $1,524,609.48. Following the completion of the transaction, the insider now directly owns 10,130 shares of the company’s stock, valued at $1,157,656.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mellody L. Hobson purchased 18,200 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of $109.91 per share, with a total value of $2,000,362.00. Following the completion of the acquisition, the director now directly owns 7,804 shares of the company’s stock, valued at $857,737.64. The disclosure for this purchase can be found here. Corporate insiders own 0.76% of the company’s stock.

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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