Boenning & Scattergood Inc. Sells 10,685 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Boenning & Scattergood Inc. trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 17.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,274 shares of the financial services provider’s stock after selling 10,685 shares during the quarter. JPMorgan Chase & Co. accounts for 1.7% of Boenning & Scattergood Inc.’s portfolio, making the stock its 9th largest holding. Boenning & Scattergood Inc.’s holdings in JPMorgan Chase & Co. were worth $5,732,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of JPM. Smart Portfolios LLC lifted its holdings in shares of JPMorgan Chase & Co. by 29.6% during the fourth quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 114 shares during the period. Semmax Financial Advisors Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $56,000. D Orazio & Associates Inc. increased its stake in shares of JPMorgan Chase & Co. by 62.6% in the fourth quarter. D Orazio & Associates Inc. now owns 779 shares of the financial services provider’s stock valued at $76,000 after buying an additional 300 shares in the last quarter. Kohmann Bosshard Financial Services LLC increased its stake in shares of JPMorgan Chase & Co. by 30.0% in the second quarter. Kohmann Bosshard Financial Services LLC now owns 1,300 shares of the financial services provider’s stock valued at $145,000 after buying an additional 300 shares in the last quarter. Finally, QV Investors Inc. increased its stake in shares of JPMorgan Chase & Co. by 9.1% in the fourth quarter. QV Investors Inc. now owns 1,315 shares of the financial services provider’s stock valued at $128,000 after buying an additional 110 shares in the last quarter. 71.59% of the stock is owned by institutional investors.

In other news, insider Lori A. Beer sold 13,341 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the transaction, the insider now owns 10,130 shares in the company, valued at approximately $1,157,656.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter Scher sold 10,816 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $115.00, for a total value of $1,243,840.00. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

JPMorgan Chase & Co. stock opened at $105.20 on Friday. The firm has a market capitalization of $349.61 billion, a P/E ratio of 11.69, a PEG ratio of 1.57 and a beta of 1.16. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $119.24. The business has a 50-day moving average of $112.78 and a 200-day moving average of $108.93. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.32. The company had revenue of $28.83 billion during the quarter, compared to analyst estimates of $28.52 billion. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.29 EPS. Research analysts anticipate that JPMorgan Chase & Co. will post 9.94 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $3.20 annualized dividend and a dividend yield of 3.04%. JPMorgan Chase & Co.’s payout ratio is currently 35.56%.

A number of analysts have recently weighed in on the company. ValuEngine lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Deutsche Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Friday, June 28th. Morgan Stanley set a $122.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, August 9th. Goldman Sachs Group restated a “neutral” rating and issued a $117.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $122.32.

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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