JPMorgan Chase & Co. $JPM Shares Sold by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,513 shares of the financial services provider's stock after selling 6,057 shares during the quarter. JPMorgan Chase & Co. makes up about 2.0% of Hudson Valley Investment Advisors Inc. ADV's investment portfolio, making the stock its 12th largest holding. Hudson Valley Investment Advisors Inc. ADV's holdings in JPMorgan Chase & Co. were worth $18,413,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of JPMorgan Chase & Co. during the first quarter valued at $28,000. University of Illinois Foundation bought a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at about $30,000. Ryan Investment Management Inc. bought a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at about $37,000. Christopher J. Hasenberg Inc raised its stake in shares of JPMorgan Chase & Co. by 212.0% during the second quarter. Christopher J. Hasenberg Inc now owns 156 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 106 shares in the last quarter. Finally, Goodman Advisory Group LLC bought a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at about $76,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Insiders Place Their Bets

In related news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the sale, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Down 1.4%

Shares of NYSE JPM opened at $301.12 on Friday. The stock has a market cap of $828.00 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 1.97 and a beta of 1.13. The business has a 50 day simple moving average of $301.61 and a 200 day simple moving average of $276.60. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $318.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The business had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. During the same quarter in the previous year, the business posted $6.12 EPS. The firm's quarterly revenue was down 10.5% compared to the same quarter last year. On average, research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be issued a $1.50 dividend. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. The ex-dividend date is Monday, October 6th. This represents a $6.00 annualized dividend and a yield of 2.0%. JPMorgan Chase & Co.'s dividend payout ratio is presently 30.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on JPM shares. The Goldman Sachs Group lifted their price objective on shares of JPMorgan Chase & Co. from $336.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, October 3rd. HSBC restated a "reduce" rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Weiss Ratings restated a "buy (b+)" rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Bank of America lifted their target price on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Evercore ISI lifted their target price on JPMorgan Chase & Co. from $309.00 to $330.00 and gave the company an "outperform" rating in a research note on Tuesday, September 30th. Fourteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $313.89.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

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