Wilsey Asset Management Inc. Sells 5,099 Shares of JPMorgan Chase & Co. (JPM)

Wilsey Asset Management Inc. decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 139,739 shares of the financial services provider’s stock after selling 5,099 shares during the period. JPMorgan Chase & Co. accounts for approximately 8.6% of Wilsey Asset Management Inc.’s portfolio, making the stock its 2nd largest holding. Wilsey Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $13,389,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Artemis Investment Management LLP increased its position in JPMorgan Chase & Co. by 105.1% during the third quarter. Artemis Investment Management LLP now owns 1,065,738 shares of the financial services provider’s stock worth $101,762,000 after purchasing an additional 546,066 shares during the last quarter. Berkshire Asset Management LLC PA increased its position in JPMorgan Chase & Co. by 1.1% during the third quarter. Berkshire Asset Management LLC PA now owns 369,422 shares of the financial services provider’s stock worth $35,284,000 after purchasing an additional 3,957 shares during the last quarter. Perennial Advisors LLC increased its position in JPMorgan Chase & Co. by 3.9% during the third quarter. Perennial Advisors LLC now owns 37,443 shares of the financial services provider’s stock worth $3,576,000 after purchasing an additional 1,416 shares during the last quarter. Warren Averett Asset Management LLC increased its position in JPMorgan Chase & Co. by 4.4% during the third quarter. Warren Averett Asset Management LLC now owns 16,689 shares of the financial services provider’s stock worth $1,594,000 after purchasing an additional 699 shares during the last quarter. Finally, Thompson Davis & CO. Inc. increased its position in JPMorgan Chase & Co. by 200.9% during the third quarter. Thompson Davis & CO. Inc. now owns 6,394 shares of the financial services provider’s stock worth $611,000 after purchasing an additional 4,269 shares during the last quarter. 73.76% of the stock is currently owned by institutional investors and hedge funds.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the transaction, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.88% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. (NYSE JPM) opened at $110.84 on Friday. The firm has a market cap of $384,580.00, a price-to-earnings ratio of 15.90, a PEG ratio of 2.04 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $110.93.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.09. The business had revenue of $25.33 billion during the quarter, compared to the consensus estimate of $24.91 billion. JPMorgan Chase & Co. had a net margin of 24.08% and a return on equity of 11.68%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.58 earnings per share. analysts anticipate that JPMorgan Chase & Co. will post 6.91 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 2.02%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.14%.

JPM has been the subject of several recent research reports. Societe Generale lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday. Vetr lowered shares of JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price objective for the company. in a research report on Wednesday. Credit Suisse Group raised shares of JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, January 5th. Barclays increased their price objective on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Wells Fargo & Co set a $120.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $99.41.

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JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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