JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Taylor Hoffman Wealth Management

Taylor Hoffman Wealth Management lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 15.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,028 shares of the financial services provider’s stock after acquiring an additional 1,486 shares during the quarter. Taylor Hoffman Wealth Management’s holdings in JPMorgan Chase & Co. were worth $1,298,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Neville Rodie & Shaw Inc. increased 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 valued at $18,427,000 after buying an additional 7,259 shares during the last quarter. Bath Savings Trust Co increased its stake in shares of JPMorgan Chase & Co. by 5.8% in the second quarter. Bath Savings Trust Co now owns 6,063 shares of the financial services provider’s stock worth $678,000 after purchasing an additional 331 shares in the last quarter. Thomasville National Bank increased its stake in shares of JPMorgan Chase & Co. by 344.4% in the second quarter. Thomasville National Bank now owns 88,169 shares of the financial services provider’s stock worth $9,857,000 after purchasing an additional 68,329 shares in the last quarter. Private Trust Co. NA increased its stake in shares of JPMorgan Chase & Co. by 5.7% in the second quarter. Private Trust Co. NA now owns 86,572 shares of the financial services provider’s stock worth $9,678,000 after purchasing an additional 4,657 shares in the last quarter. Finally, LVM Capital Management Ltd. MI increased its stake in shares of JPMorgan Chase & Co. by 9.8% in the second quarter. LVM Capital Management Ltd. MI now owns 8,434 shares of the financial services provider’s stock worth $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.

Shares of NYSE:JPM traded down $0.46 during midday trading on Monday, reaching $129.92. 8,678,898 shares of the company were exchanged, compared to its average volume of 12,156,298. The company has a current ratio of 0.93, a quick ratio of 0.97 and a debt-to-equity ratio of 1.26. The business’s fifty day moving average is $120.77 and its two-hundred day moving average is $114.02. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $131.29. The stock has a market cap of $404.92 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.81 and a beta of 1.21.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $29.34 billion during the quarter, compared to analyst estimates of $28.36 billion. During the same quarter in the prior year, the business earned $2.34 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 10.17 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a dividend of $0.90 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. The ex-dividend date was Thursday, October 3rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.77%. JPMorgan Chase & Co.’s dividend payout ratio is currently 40.00%.

In related news, CEO Gordon Smith sold 83,289 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now 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 the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $130.91, for a total transaction of $8,404,160.18. Following the transaction, the chief executive officer now owns 451,481 shares of the company’s stock, valued at approximately $59,103,377.71. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,944 shares of company stock valued at $19,088,970. 0.76% of the stock is owned by company insiders.

A number of analysts have recently issued reports on the stock. Societe Generale cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. 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 note on Monday, September 16th. They noted that the move was a valuation call. Robert W. Baird increased their price objective on shares of JPMorgan Chase & Co. from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Morgan Stanley raised shares of JPMorgan Chase & Co. to an “overweight” rating in a research note on Wednesday, October 30th. Finally, DZ Bank reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $123.02.

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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