JPMorgan Chase & Co. (JPM) Position Reduced by Pure Financial Advisors Inc.

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Pure Financial Advisors Inc. lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 14.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,978 shares of the financial services provider’s stock after selling 507 shares during the period. Pure Financial Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $336,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. CENTRAL TRUST Co grew its holdings in JPMorgan Chase & Co. by 0.7% during the 3rd quarter. CENTRAL TRUST Co now owns 180,342 shares of the financial services provider’s stock worth $20,350,000 after acquiring an additional 1,233 shares in the last quarter. Waverton Investment Management Ltd grew its holdings in JPMorgan Chase & Co. by 30.5% during the 3rd quarter. Waverton Investment Management Ltd now owns 930,878 shares of the financial services provider’s stock worth $105,040,000 after acquiring an additional 217,731 shares in the last quarter. Cahaba Wealth Management Inc. bought a new position in JPMorgan Chase & Co. during the 3rd quarter worth about $200,000. Radnor Capital Management LLC grew its holdings in JPMorgan Chase & Co. by 1.1% during the 3rd quarter. Radnor Capital Management LLC now owns 46,180 shares of the financial services provider’s stock worth $5,211,000 after acquiring an additional 490 shares in the last quarter. Finally, Northwest Bancshares Inc. grew its holdings in JPMorgan Chase & Co. by 5.0% during the 3rd quarter. Northwest Bancshares Inc. now owns 21,500 shares of the financial services provider’s stock worth $2,426,000 after acquiring an additional 1,021 shares in the last quarter. 70.14% of the stock is currently owned by institutional investors.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson purchased 1,150 shares of JPMorgan Chase & Co. stock in a transaction on Friday, October 19th. The stock was bought at an average cost of $108.94 per share, with a total value of $125,281.00. Following the transaction, the director now owns 2,632 shares of the company’s stock, valued at approximately $286,730.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.73% of the company’s stock.

Shares of JPMorgan Chase & Co. stock opened at $98.54 on Wednesday. The company has a market capitalization of $339.80 billion, a P/E ratio of 14.34, a P/E/G ratio of 1.60 and a beta of 1.10. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.17. JPMorgan Chase & Co. has a 52 week low of $98.43 and a 52 week high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. The company had revenue of $27.26 billion during the quarter, compared to analyst estimates of $27.20 billion. During the same period last year, the firm posted $1.76 EPS. Analysts expect that JPMorgan Chase & Co. will post 9.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Friday, January 4th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Thursday, January 3rd. JPMorgan Chase & Co.’s dividend payout ratio is presently 46.58%.

JPM has been the topic of several recent research reports. Goldman Sachs Group set a $130.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a report on Friday, October 12th. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a report on Thursday, November 22nd. Bank of America set a $132.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Sunday, October 14th. Vining Sparks restated a “buy” rating and issued a $125.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, October 12th. Finally, Credit Suisse Group lowered their price target on shares of JPMorgan Chase & Co. from $130.00 to $128.00 and set an “outperform” rating on the stock in a report on Friday, December 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $123.04.

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JPMorgan Chase & Co. Company Profile

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.

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

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