JPMorgan Chase & Co. (JPM) Shares Sold by Renaissance Group LLC

Renaissance Group LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 9.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,588 shares of the financial services provider’s stock after selling 3,095 shares during the period. Renaissance Group LLC’s holdings in JPMorgan Chase & Co. were worth $2,730,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Harbour Capital Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 29.4% during the 3rd quarter. Harbour Capital Advisors LLC now owns 39,569 shares of the financial services provider’s stock worth $3,779,000 after purchasing an additional 8,995 shares in the last quarter. Welch Capital Partners LLC NY purchased a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $1,646,000. Autus Asset Management LLC increased its stake in shares of JPMorgan Chase & Co. by 8.6% during the 3rd quarter. Autus Asset Management LLC now owns 45,028 shares of the financial services provider’s stock worth $4,301,000 after purchasing an additional 3,560 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of JPMorgan Chase & Co. by 0.9% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 147,201 shares of the financial services provider’s stock worth $14,059,000 after purchasing an additional 1,335 shares in the last quarter. Finally, Walter & Keenan Financial Consulting Co. MI ADV increased its stake in shares of JPMorgan Chase & Co. by 1.5% during the 3rd quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 67,770 shares of the financial services provider’s stock worth $6,473,000 after purchasing an additional 981 shares in the last quarter. 73.82% of the stock is owned by institutional investors.

JPM has been the subject of a number of recent research reports. Wells Fargo & Co raised their price objective on shares of JPMorgan Chase & Co. from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Friday, December 8th. Barclays raised 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 note on Tuesday, January 2nd. Societe Generale cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, 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 note on Friday, January 5th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $107.42.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 65,101 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total value of $7,307,587.25. Following the transaction, the chief executive officer now owns 479,882 shares in the company, valued at approximately $53,866,754.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 16,434 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the transaction, the insider now owns 98,811 shares in the company, valued at approximately $11,088,570.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,047 shares of company stock worth $17,098,115. 0.88% of the stock is owned by company insiders.

Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $110.04 on Monday. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $117.35. The stock has a market cap of $381,810.00, a P/E ratio of 17.25, a P/E/G ratio of 1.86 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The firm had revenue of $24.15 billion for the quarter, compared to analyst estimates of $24.87 billion. During the same quarter last year, the business earned $1.71 earnings per share. JPMorgan Chase & Co.’s revenue was up 3.3% compared to the same quarter last year. analysts forecast that JPMorgan Chase & Co. will post 8.85 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were issued a $0.56 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.04%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.11%.

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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.

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

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