JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Pettyjohn Wood & White Inc.

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Pettyjohn Wood & White Inc. reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 60,889 shares of the financial services provider’s stock after selling 245 shares during the quarter. JPMorgan Chase & Co. makes up 2.2% of Pettyjohn Wood & White Inc.’s portfolio, making the stock its 12th biggest holding. Pettyjohn Wood & White Inc.’s holdings in JPMorgan Chase & Co. were worth $7,166,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in JPM. Neville Rodie & Shaw Inc. boosted its holdings in JPMorgan Chase & Co. by 4.6% during the second quarter. Neville Rodie & Shaw Inc. now owns 164,820 shares of the financial services provider’s stock worth $18,427,000 after buying an additional 7,259 shares in the last quarter. Bath Savings Trust Co lifted its holdings in JPMorgan Chase & Co. by 5.8% during the second quarter. Bath Savings Trust Co now owns 6,063 shares of the financial services provider’s stock valued at $678,000 after purchasing an additional 331 shares in the last quarter. Thomasville National Bank lifted its holdings in JPMorgan Chase & Co. by 344.4% during the second quarter. Thomasville National Bank now owns 88,169 shares of the financial services provider’s stock valued at $9,857,000 after purchasing an additional 68,329 shares in the last quarter. Private Trust Co. NA lifted its holdings in JPMorgan Chase & Co. by 5.7% during the second quarter. Private Trust Co. NA now owns 86,572 shares of the financial services provider’s stock valued at $9,678,000 after purchasing an additional 4,657 shares in the last quarter. Finally, LVM Capital Management Ltd. MI lifted its holdings in JPMorgan Chase & Co. by 9.8% during the second quarter. LVM Capital Management Ltd. MI now owns 8,434 shares of the financial services provider’s stock valued at $943,000 after purchasing an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 71.90% of the company’s stock.

In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 83,289 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $119.98, for a total transaction of $9,993,014.22. Following the completion of the sale, the chief executive officer now directly owns 393,197 shares in the company, valued at $47,175,776.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Daniel E. Pinto sold 64,198 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $130.91, for a total transaction of $8,404,160.18. Following the sale, the chief executive officer now owns 451,481 shares of the company’s stock, valued at $59,103,377.71. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,944 shares of company stock valued at $19,088,970. Company insiders own 0.76% of the company’s stock.

A number of equities research analysts have recently commented on the stock. Morgan Stanley upgraded shares of JPMorgan Chase & Co. to an “overweight” rating in a research report on Wednesday, October 30th. Wells Fargo & Co set a $125.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, August 16th. Robert W. Baird increased their target price on shares of JPMorgan Chase & Co. from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Buckingham Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 price objective for the company. in a research report on Monday, September 16th. They noted that the move was a valuation call. Finally, BMO Capital Markets raised their price objective on shares of JPMorgan Chase & Co. to $126.00 in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average price target of $123.02.

Shares of JPM traded up $0.38 during trading on Friday, reaching $130.38. 9,160,446 shares of the company traded hands, compared to its average volume of 12,174,789. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $131.29. The stock has a market cap of $404.92 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 1.81 and a beta of 1.21. The stock has a 50-day simple moving average of $120.77 and a 200-day simple moving average of $114.02. The company has a quick ratio of 0.97, a current ratio of 0.93 and a debt-to-equity ratio of 1.26.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.23. JPMorgan Chase & Co. had a net margin of 24.70% and a return on equity of 14.63%. The business had revenue of $29.34 billion during the quarter, compared to analysts’ expectations of $28.36 billion. During the same period last year, the business earned $2.34 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities research analysts predict that JPMorgan Chase & Co. will post 10.17 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.76%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 40.00%.

JPMorgan Chase & Co. Profile

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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