JPMorgan Chase & Co. (NYSE:JPM) Stock Position Lessened by Hoylecohen LLC

Hoylecohen LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 81,634 shares of the financial services provider’s stock after selling 595 shares during the period. JPMorgan Chase & Co. makes up approximately 1.3% of Hoylecohen LLC’s investment portfolio, making the stock its 22nd largest holding. Hoylecohen LLC’s holdings in JPMorgan Chase & Co. were worth $7,678,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital World Investors lifted its position in JPMorgan Chase & Co. by 9.9% in the first quarter. Capital World Investors now owns 91,033,221 shares of the financial services provider’s stock worth $8,195,754,000 after purchasing an additional 8,187,609 shares during the period. Geode Capital Management LLC raised its stake in shares of JPMorgan Chase & Co. by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 45,078,060 shares of the financial services provider’s stock worth $4,050,836,000 after buying an additional 666,292 shares in the last quarter. Morgan Stanley raised its stake in shares of JPMorgan Chase & Co. by 6.4% in the 1st quarter. Morgan Stanley now owns 37,812,884 shares of the financial services provider’s stock worth $3,404,295,000 after buying an additional 2,262,845 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of JPMorgan Chase & Co. by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 31,592,855 shares of the financial services provider’s stock valued at $2,844,306,000 after buying an additional 175,979 shares during the period. Finally, Legal & General Group Plc boosted its stake in JPMorgan Chase & Co. by 2.2% during the first quarter. Legal & General Group Plc now owns 19,233,532 shares of the financial services provider’s stock valued at $1,735,777,000 after buying an additional 409,477 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

In related news, CEO Mary E. Erdoes sold 24,554 shares of the stock in a transaction on Wednesday, July 15th. The stock was sold at an average price of $99.52, for a total transaction of $2,443,614.08. Corporate insiders own 0.78% of the company’s stock.

NYSE:JPM opened at $96.64 on Friday. The stock has a market cap of $294.46 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 3.24 and a beta of 1.19. JPMorgan Chase & Co. has a fifty-two week low of $76.91 and a fifty-two week high of $141.10. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.88 and a quick ratio of 0.89. The stock’s 50-day moving average is $96.77 and its two-hundred day moving average is $105.48.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.38 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.04. The firm had revenue of $32.98 billion for the quarter, compared to the consensus estimate of $30.23 billion. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.82 earnings per share. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 5.96 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was Thursday, July 2nd. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.

A number of equities research analysts have weighed in on the stock. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 price target for the company in a report on Thursday, July 9th. Seaport Global Securities started coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, July 8th. They issued a “buy” rating and a $119.00 target price on the stock. TheStreet cut shares of JPMorgan Chase & Co. from a “b-” rating to a “c” rating in a report on Monday, May 11th. Odeon Capital Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $105.75 price target on the stock in a research report on Wednesday, May 20th. Finally, DA Davidson upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and increased their price objective for the company from $102.00 to $117.00 in a research report on Thursday, July 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $110.89.

JPMorgan Chase & Co. 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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