TCI Wealth Advisors Inc. Decreases Position in JPMorgan Chase & Co. (NYSE:JPM)

TCI Wealth Advisors Inc. lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,358 shares of the financial services provider’s stock after selling 1,332 shares during the period. JPMorgan Chase & Co. accounts for 1.5% of TCI Wealth Advisors Inc.’s investment portfolio, making the stock its 13th biggest holding. TCI Wealth Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $3,394,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Global Trust Asset Management LLC boosted its holdings in JPMorgan Chase & Co. by 2,027.2% in the 2nd quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock worth $33,000 after buying an additional 5,068 shares during the period. Smart Portfolios LLC boosted its holdings in JPMorgan Chase & Co. by 29.6% in the 4th quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock worth $49,000 after buying an additional 114 shares during the period. Semmax Financial Advisors Inc. bought a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $56,000. Sound Income Strategies LLC boosted its holdings in JPMorgan Chase & Co. by 126.7% in the 2nd quarter. Sound Income Strategies LLC now owns 510 shares of the financial services provider’s stock worth $57,000 after buying an additional 285 shares during the period. Finally, Asset Planning Services Ltd. bought a new position in JPMorgan Chase & Co. in the 2nd quarter worth approximately $61,000. Institutional investors own 71.52% of the company’s stock.

NYSE:JPM traded down $3.58 during trading hours on Wednesday, hitting $106.85. The stock had a trading volume of 5,223,596 shares, compared to its average volume of 11,051,188. The business’s 50 day moving average price is $113.07. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 1.00. The stock has a market cap of $358.23 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data 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. The firm had revenue of $28.83 billion for the quarter, compared to analysts’ expectations of $28.52 billion. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.41%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $2.29 EPS. Research analysts predict that JPMorgan Chase & Co. will post 9.92 EPS for the current year.

The business also recently disclosed 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. This represents a $3.20 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Wednesday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 35.56%.

JPM has been the subject of several analyst reports. BMO Capital Markets raised their price objective on shares of JPMorgan Chase & Co. from $116.00 to $118.00 and gave the stock a “market perform” rating in a report on Monday, April 15th. Goldman Sachs Group reissued a “neutral” rating and issued a $117.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Deutsche Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, June 28th. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Finally, Morgan Stanley raised their price target on shares of JPMorgan Chase & Co. from $124.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $122.94.

In other news, EVP Peter Scher sold 10,816 shares of the firm’s stock in a transaction 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 legal filing with the SEC, which is available at the SEC website. Also, insider Lori A. Beer sold 13,341 shares of the firm’s stock in a transaction 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 owns 10,130 shares in the company, valued at approximately $1,157,656.40. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

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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