JPMorgan Chase & Co. (NYSE:JPM) Position Decreased by Boenning & Scattergood Inc.

Boenning & Scattergood Inc. reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 17.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,274 shares of the financial services provider’s stock after selling 10,685 shares during the period. JPMorgan Chase & Co. comprises 1.7% of Boenning & Scattergood Inc.’s portfolio, making the stock its 9th largest position. Boenning & Scattergood Inc.’s holdings in JPMorgan Chase & Co. were worth $5,732,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. RPG Investment Advisory LLC lifted its holdings in shares of JPMorgan Chase & Co. by 0.7% in the 4th quarter. RPG Investment Advisory LLC now owns 74,263 shares of the financial services provider’s stock valued at $7,249,000 after acquiring an additional 481 shares during the last quarter. Benson Investment Management Company Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 16.9% in the 4th quarter. Benson Investment Management Company Inc. now owns 31,786 shares of the financial services provider’s stock valued at $3,103,000 after acquiring an additional 4,595 shares during the last quarter. RB Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 3.0% in the 4th quarter. RB Capital Management LLC now owns 13,088 shares of the financial services provider’s stock valued at $1,278,000 after acquiring an additional 377 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of JPMorgan Chase & Co. by 9.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 211,337 shares of the financial services provider’s stock valued at $20,630,000 after acquiring an additional 18,251 shares during the last quarter. Finally, Vigilant Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 3,249.4% in the 4th quarter. Vigilant Capital Management LLC now owns 166,229 shares of the financial services provider’s stock valued at $16,227,000 after acquiring an additional 161,266 shares during the last quarter. 71.59% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently commented on JPM shares. Morgan Stanley set a $122.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday, August 9th. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Goldman Sachs Group reissued a “neutral” rating and issued a $117.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. ValuEngine downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Finally, Deutsche Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Friday, June 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $122.32.

Shares of NYSE JPM opened at $105.20 on Friday. The firm has a 50-day simple moving average of $112.78 and a two-hundred day simple moving average of $108.93. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 0.97. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $119.24. The company has a market cap 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. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The firm had revenue of $28.83 billion during the quarter, compared to the consensus estimate of $28.52 billion. During the same quarter in the previous year, the firm posted $2.29 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 9.94 EPS for the current year.

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

In other news, EVP Peter Scher sold 10,816 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,243,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lori A. Beer sold 13,341 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the sale, the insider now directly owns 10,130 shares of the company’s stock, valued at approximately $1,157,656.40. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

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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