Pettyjohn Wood & White Inc. Lowers Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Pettyjohn Wood & White Inc. trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,889 shares of the financial services provider’s stock after selling 245 shares during the period. JPMorgan Chase & Co. comprises 2.2% of Pettyjohn Wood & White Inc.’s holdings, making the stock its 12th biggest holding. Pettyjohn Wood & White Inc.’s holdings in JPMorgan Chase & Co. were worth $7,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Personal Wealth Partners bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $28,000. MRA Associates USA LLC bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $30,000. Global Trust Asset Management LLC raised its stake in shares of JPMorgan Chase & Co. by 2,027.2% during the 2nd quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 5,068 shares in the last quarter. Bridger Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $33,000. Finally, Titan Capital Management LLC CA bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $35,000. 71.90% of the stock is owned by institutional investors.

In related 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mellody L. Hobson purchased 16,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were purchased at an average cost of $124.65 per share, for a total transaction of $1,994,400.00. Following the completion of the acquisition, the director now directly owns 8,186 shares of the company’s stock, valued at approximately $1,020,384.90. The disclosure for this purchase can be found here. Insiders sold a total of 152,944 shares of company stock worth $19,088,970 over the last ninety days. Insiders own 0.76% of the company’s stock.

Several research analysts recently commented on JPM shares. Wells Fargo & Co set a $125.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, August 16th. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. UBS Group upped their price target on shares of JPMorgan Chase & Co. from $131.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Societe Generale lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada upped their price target on shares of JPMorgan Chase & Co. to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $123.02.

Shares of JPM stock traded up $0.38 during trading hours on Friday, hitting $130.38. The company’s stock had a trading volume of 9,160,446 shares, compared to its average volume of 12,174,789. The company has a 50 day moving average of $120.77 and a 200 day moving average of $114.02. The stock has a market cap 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 company has a current ratio of 0.93, a quick ratio of 0.97 and a debt-to-equity ratio of 1.26. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $131.29.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $2.68 EPS for the quarter, beating the consensus estimate of $2.45 by $0.23. The business 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 business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.34 EPS. As a group, analysts anticipate that JPMorgan Chase & Co. will post 10.17 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued a $0.90 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 2.76%. 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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