Nelson Van Denburg & Campbell Wealth Management Group LLC Sells 90 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Nelson Van Denburg & Campbell Wealth Management Group LLC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,891 shares of the financial services provider’s stock after selling 90 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in JPMorgan Chase & Co. were worth $3,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Personal Wealth Partners purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $28,000. MRA Associates USA LLC purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $30,000. Titan Capital Management LLC CA purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $35,000. Redhawk Wealth Advisors Inc. purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $56,000. Finally, Sound Income Strategies LLC lifted its holdings in JPMorgan Chase & Co. by 126.7% during the 2nd quarter. Sound Income Strategies LLC now owns 510 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 71.89% of the company’s stock.

A number of brokerages recently issued reports on JPM. Morgan Stanley set a $122.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 9th. DZ Bank reissued a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, August 21st. UBS Group increased their price objective on JPMorgan Chase & Co. from $125.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Royal Bank of Canada set a $120.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Monday. Finally, Wells Fargo & Co set a $125.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 16th. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. JPMorgan Chase & Co. has an average rating of “Hold” and an average target price of $122.37.

Shares of NYSE:JPM traded up $0.94 on Wednesday, hitting $112.76. The company’s stock had a trading volume of 158,848 shares, compared to its average volume of 12,242,391. The company has a 50-day simple moving average of $113.74 and a 200 day simple moving average of $111.25. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $120.40. The company has a market capitalization of $366.50 billion, a PE ratio of 12.54, a PEG ratio of 1.66 and a beta of 1.20. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 0.97.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The firm had revenue of $28.83 billion for the quarter, compared to analysts’ expectations of $28.52 billion. During the same quarter last year, the firm posted $2.29 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts expect that JPMorgan Chase & Co. will post 9.86 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.19%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, October 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 40.00%.

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

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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