Ford Financial Group LLC Has $1.08 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

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Ford Financial Group LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 30.2% during the third quarter, HoldingsChannel.com reports. The firm owned 11,204 shares of the financial services provider’s stock after selling 4,843 shares during the quarter. Ford Financial Group LLC’s holdings in JPMorgan Chase & Co. were worth $1,078,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. NuWave Investment Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $30,000. Laidlaw Wealth Management LLC grew its position in shares of JPMorgan Chase & Co. by 20,306.8% during the 2nd quarter. Laidlaw Wealth Management LLC now owns 2,810,830 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 2,797,056 shares in the last quarter. Provident Wealth Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $34,000. FAI Wealth Management boosted its position in shares of JPMorgan Chase & Co. by 317.0% during the 2nd quarter. FAI Wealth Management now owns 417 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 317 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC boosted its position in shares of JPMorgan Chase & Co. by 18.3% during the 2nd quarter. Bay Harbor Wealth Management LLC now owns 692 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

JPM has been the topic of several analyst reports. Oppenheimer reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. TheStreet upgraded shares of JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a research report on Tuesday, August 4th. Goldman Sachs Group upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Friday, July 24th. BMO Capital Markets increased their price target on shares of JPMorgan Chase & Co. from $117.00 to $119.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Seaport Global Securities initiated coverage on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 8th. They set a “buy” rating and a $119.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the stock. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and an average price target of $111.59.

Shares of JPM stock traded down $0.21 during trading hours on Friday, hitting $101.51. 13,276,397 shares of the company’s stock traded hands, compared to its average volume of 20,525,127. The stock’s 50 day simple moving average is $99.36 and its 200 day simple moving average is $96.79. The stock has a market cap of $309.36 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 3.16 and a beta of 1.15. JPMorgan Chase & Co. has a 12 month low of $76.91 and a 12 month high of $141.10. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.35.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Monday, October 19th. The financial services provider reported $2.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.69. The firm had revenue of $29.90 billion during the quarter, compared to the consensus estimate of $28.20 billion. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.68 earnings per share. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 6.48 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Tuesday, October 6th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Monday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 34.35%.

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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