Eqis Capital Management Inc. Lowers Position in JPMorgan Chase & Co. (NYSE:JPM)

Eqis Capital Management Inc. trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the third quarter, Holdings Channel.com reports. The firm owned 13,226 shares of the financial services provider’s stock after selling 223 shares during the quarter. Eqis Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $1,557,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Eukles Asset Management increased its stake in shares of JPMorgan Chase & Co. by 36.5% in the third quarter. Eukles Asset Management now owns 318 shares of the financial services provider’s stock worth $37,000 after buying an additional 85 shares during the last quarter. Morse Asset Management Inc increased its stake in shares of JPMorgan Chase & Co. by 1.5% in the second quarter. Morse Asset Management Inc now owns 5,781 shares of the financial services provider’s stock worth $646,000 after buying an additional 86 shares during the last quarter. Shulman DeMeo Asset Management LLC increased its stake in shares of JPMorgan Chase & Co. by 1.8% in the third quarter. Shulman DeMeo Asset Management LLC now owns 4,795 shares of the financial services provider’s stock worth $564,000 after buying an additional 86 shares during the last quarter. Harvey Investment Co. LLC increased its stake in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Harvey Investment Co. LLC now owns 21,596 shares of the financial services provider’s stock worth $2,414,000 after buying an additional 90 shares during the last quarter. Finally, TPG Financial Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 4.5% in the third quarter. TPG Financial Advisors LLC now owns 2,104 shares of the financial services provider’s stock worth $248,000 after buying an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 73.24% of the company’s stock.

A number of analysts recently issued reports on JPM shares. Goldman Sachs Group restated a “neutral” rating and issued a $117.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Robert W. Baird lifted their price target on shares of JPMorgan Chase & Co. from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Royal Bank of Canada lifted their price target on shares of JPMorgan Chase & Co. to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, BMO Capital Markets boosted their target price on shares of JPMorgan Chase & Co. to $126.00 in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $123.02.

JPM stock traded down $0.68 during trading on Wednesday, hitting $128.48. 5,554,503 shares of the company’s stock traded hands, compared to its average volume of 12,142,743. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.26. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $131.29. The stock has a fifty day moving average price of $121.43 and a two-hundred day moving average price of $114.26. The stock has a market capitalization of $407.49 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 1.83 and a beta of 1.21.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.23. JPMorgan Chase & Co. had a net margin of 24.70% and a return on equity of 14.63%. The firm had revenue of $29.34 billion during the quarter, compared to analyst estimates of $28.36 billion. During the same quarter in the previous year, the firm earned $2.34 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 10.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given a dividend of $0.90 per share. The ex-dividend date was Thursday, October 3rd. This represents a $3.60 annualized dividend and a dividend yield of 2.80%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. JPMorgan Chase & Co.’s dividend payout ratio is currently 40.00%.

In other news, CEO Daniel E. Pinto sold 64,198 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $130.91, for a total transaction of $8,404,160.18. Following the completion of the transaction, the chief executive officer now owns 451,481 shares in the company, valued at $59,103,377.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gordon Smith sold 83,289 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $119.98, for a total transaction of $9,993,014.22. Following the transaction, the chief executive officer now owns 393,197 shares of the company’s stock, valued at approximately $47,175,776.06. The disclosure for this sale can be found here. Insiders have sold 152,944 shares of company stock valued at $19,088,970 in the last 90 days. Insiders own 0.76% of the company’s stock.

About JPMorgan Chase & Co.

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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