JPMorgan Chase & Co. (JPM) Holdings Reduced by Commerce Bank

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Commerce Bank cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,157,569 shares of the financial services provider’s stock after selling 8,764 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.7% of Commerce Bank’s investment portfolio, making the stock its 7th largest holding. Commerce Bank’s holdings in JPMorgan Chase & Co. were worth $127,297,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Bank of New York Mellon Corp lifted its holdings in shares of JPMorgan Chase & Co. by 1.4% during the 4th quarter. Bank of New York Mellon Corp now owns 38,499,692 shares of the financial services provider’s stock valued at $4,117,157,000 after buying an additional 530,709 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of JPMorgan Chase & Co. by 11.7% during the 4th quarter. Jennison Associates LLC now owns 17,180,823 shares of the financial services provider’s stock valued at $1,837,317,000 after buying an additional 1,804,721 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 1.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 16,016,187 shares of the financial services provider’s stock valued at $1,712,771,000 after buying an additional 262,688 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 3.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 12,689,478 shares of the financial services provider’s stock valued at $1,356,838,000 after buying an additional 373,921 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of JPMorgan Chase & Co. by 1.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 12,593,127 shares of the financial services provider’s stock valued at $1,346,709,000 after buying an additional 169,061 shares during the last quarter. Hedge funds and other institutional investors own 72.01% of the company’s stock.

Shares of NYSE JPM opened at $104.06 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $357.13 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 1.73 and a beta of 1.20. JPMorgan Chase & Co. has a 12 month low of $88.08 and a 12 month high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.09. The company had revenue of $27.90 billion for the quarter, compared to the consensus estimate of $27.73 billion. JPMorgan Chase & Co. had a return on equity of 12.60% and a net margin of 22.53%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.65 EPS. research analysts forecast that JPMorgan Chase & Co. will post 9.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, July 6th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.61%.

JPM has been the subject of several research reports. Zacks Investment Research lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. HSBC began coverage on JPMorgan Chase & Co. in a research note on Wednesday, April 11th. They issued a “hold” rating and a $111.00 price objective on the stock. ValuEngine downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Vetr downgraded JPMorgan Chase & Co. from a “strong-buy” rating to a “buy” rating and set a $123.29 price objective on the stock. in a research note on Thursday, April 5th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $122.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, April 16th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $115.06.

In other JPMorgan Chase & Co. news, Director Todd A. Combs purchased 13,000 shares of the company’s stock in a transaction on Monday, May 14th. The shares were bought at an average cost of $114.61 per share, with a total value of $1,489,930.00. Following the transaction, the director now directly owns 18,277 shares in the company, valued at approximately $2,094,726.97. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mellody L. Hobson purchased 18,000 shares of the company’s stock in a transaction on Monday, April 16th. The stock was acquired at an average cost of $111.05 per share, for a total transaction of $1,998,900.00. Following the completion of the transaction, the director now owns 864 shares in the company, valued at $95,947.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 53,000 shares of company stock worth $25,488,830. Company insiders own 0.73% 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, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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