The Denali Advisors LLC Sells 90,189 Shares of JPMorgan Chase & Co. (JPM)

The Denali Advisors LLC Sells 90,189 Shares of JPMorgan Chase & Co. (JPM)

Denali Advisors LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 28.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 224,311 shares of the financial services provider’s stock after selling 90,189 shares during the period. JPMorgan Chase & Co. comprises about 2.3% of Denali Advisors LLC’s portfolio, making the stock its 11th largest position. Denali Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $14,937,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of JPMorgan Chase & Co. by 2.1% in the second quarter. Vanguard Group Inc. now owns 229,636,598 shares of the financial services provider’s stock worth $14,269,618,000 after buying an additional 4,692,609 shares during the last quarter. Winslow Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the second quarter worth about $221,862,000. BNP Paribas Arbitrage SA boosted its position in shares of JPMorgan Chase & Co. by 200.9% in the third quarter. BNP Paribas Arbitrage SA now owns 4,145,850 shares of the financial services provider’s stock worth $276,072,000 after buying an additional 2,768,188 shares during the last quarter. Global Thematic Partners LLC purchased a new position in shares of JPMorgan Chase & Co. during the second quarter worth about $129,922,000. Finally, Standard Life Investments LTD boosted its position in shares of JPMorgan Chase & Co. by 31.8% in the third quarter. Standard Life Investments LTD now owns 8,151,428 shares of the financial services provider’s stock worth $542,763,000 after buying an additional 1,965,144 shares during the last quarter. 72.31% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. (NYSE:JPM) opened at 83.67 on Monday. The firm has a 50-day moving average price of $84.82 and a 200 day moving average price of $71.50. The stock has a market cap of $298.76 billion, a price-to-earnings ratio of 13.52 and a beta of 1.54. JPMorgan Chase & Co. has a 1-year low of $52.50 and a 1-year high of $88.17.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, January 13th. The financial services provider reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.29. JPMorgan Chase & Co. had a return on equity of 10.91% and a net margin of 23.45%. The business had revenue of $24.30 billion for the quarter, compared to analyst estimates of $23.48 billion. During the same quarter in the prior year, the company posted $1.68 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post $6.54 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Wednesday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 31.02%.

JPM has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 27th. Vetr upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $70.76 target price on the stock in a research note on Monday, October 17th. Deutsche Bank AG restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Friday, December 23rd. Nomura restated a “hold” rating and set a $65.00 target price on shares of JPMorgan Chase & Co. in a research note on Thursday, September 29th. Finally, Jefferies Group upped their target price on shares of JPMorgan Chase & Co. from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, October 10th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $76.96.

In related news, insider Mark O’donovan sold 4,035 shares of the stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $69.05, for a total transaction of $278,616.75. Following the transaction, the insider now owns 6,005 shares of the company’s stock, valued at approximately $414,645.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $69.03, for a total value of $144,893.97. Following the transaction, the general counsel now directly owns 4,752 shares in the company, valued at approximately $328,030.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 208,833 shares of company stock worth $17,433,025. Corporate insiders own 0.85% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

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