Koshinski Asset Management Inc. Sells 35,566 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Koshinski Asset Management Inc. lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 57.8% in the second quarter, Holdings Channel.com reports. The fund owned 25,958 shares of the financial services provider’s stock after selling 35,566 shares during the period. Koshinski Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $2,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $4,092,843,000. Vanguard Group Inc. grew its stake in shares of JPMorgan Chase & Co. by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 266,854,574 shares of the financial services provider’s stock valued at $36,377,615,000 after purchasing an additional 6,792,220 shares during the period. GQG Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 403.3% in the 4th quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider’s stock worth $806,728,000 after buying an additional 4,083,231 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of JPMorgan Chase & Co. by 7,427.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock worth $363,169,000 after buying an additional 2,628,701 shares during the period. Finally, State Street Corp boosted its stake in JPMorgan Chase & Co. by 1.6% in the 4th quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $22,441,376,000 after buying an additional 2,277,065 shares in the last quarter. Institutional investors and hedge funds own 68.57% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $111.21 on Friday. The business’s 50-day simple moving average is $116.09 and its 200 day simple moving average is $122.16. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.14. The stock has a market cap of $326.13 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 2.04 and a beta of 1.10. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.85 by ($0.09). JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The business had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $31.82 billion. During the same period last year, the business posted $3.78 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 11.33 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Wednesday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 32.10%.

Analyst Upgrades and Downgrades

JPM has been the subject of several recent analyst reports. Barclays set a $200.00 price objective on JPMorgan Chase & Co. in a research note on Monday, July 18th. Credit Suisse Group set a $145.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, August 8th. Citigroup upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and reduced their price target for the company from $145.00 to $135.00 in a research report on Tuesday, July 12th. Oppenheimer dropped their price objective on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a report on Friday, July 15th. Finally, UBS Group reduced their target price on JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating on the stock in a report on Friday, July 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus price target of $145.95.

JPMorgan Chase & Co. Company Profile

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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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

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

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