JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Triangle Securities Wealth Management

Triangle Securities Wealth Management trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,027 shares of the financial services provider’s stock after selling 355 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.8% of Triangle Securities Wealth Management’s investment portfolio, making the stock its 10th largest position. Triangle Securities Wealth Management’s holdings in JPMorgan Chase & Co. were worth $5,243,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of JPMorgan Chase & Co. by 4.8% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 20,558 shares of the financial services provider’s stock worth $3,198,000 after buying an additional 937 shares during the period. Gibraltar Capital Management Inc. raised its stake in shares of JPMorgan Chase & Co. by 8.1% during the 2nd quarter. Gibraltar Capital Management Inc. now owns 42,528 shares of the financial services provider’s stock worth $6,419,000 after buying an additional 3,179 shares during the period. Gradient Investments LLC raised its stake in JPMorgan Chase & Co. by 7.0% in the 2nd quarter. Gradient Investments LLC now owns 190,284 shares of the financial services provider’s stock valued at $29,597,000 after purchasing an additional 12,480 shares during the last quarter. Prime Capital Investment Advisors LLC raised its stake in JPMorgan Chase & Co. by 24.4% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 58,153 shares of the financial services provider’s stock valued at $9,045,000 after purchasing an additional 11,392 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators acquired a new position in JPMorgan Chase & Co. in the 2nd quarter valued at $3,785,000. 69.51% of the stock is owned by institutional investors and hedge funds.

Several research firms recently commented on JPM. Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a research note on Tuesday, September 28th. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $150.00 to $166.00 and gave the company an “underweight” rating in a research note on Thursday, July 29th. BMO Capital Markets increased their price objective on JPMorgan Chase & Co. from $139.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 14th. Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, October 25th. Finally, Jefferies Financial Group increased their price objective on JPMorgan Chase & Co. from $177.00 to $198.00 and gave the company a “buy” rating in a research note on Monday, October 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $168.56.

NYSE JPM opened at $166.96 on Thursday. The stock has a market cap of $493.41 billion, a PE ratio of 10.56, a P/E/G ratio of 2.15 and a beta of 1.16. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.17. JPMorgan Chase & Co. has a twelve month low of $117.77 and a twelve month high of $172.96. The stock has a fifty day simple moving average of $166.07 and a 200-day simple moving average of $160.51.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Wednesday, October 13th. The financial services provider reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.74. The business had revenue of $29.60 billion during the quarter, compared to analysts’ expectations of $29.63 billion. JPMorgan Chase & Co. had a return on equity of 19.89% and a net margin of 39.41%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.92 EPS. Research analysts predict that JPMorgan Chase & Co. will post 14.95 EPS for the current year.

The company also recently announced a dividend, which was paid on Wednesday, November 17th. Investors of record on Monday, November 15th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 12th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.30%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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