The position of JPMorgan Chase & Co. (JPM) decreased by Hendley & Co. Inc.



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Hendley & Co. Inc. reduced its position in JPMorgan Chase & Co. (NYSE: JPM) by 0.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission ( SEC). The fund held 37,765 shares of the shares of the financial services provider after selling 35 shares during the period. JPMorgan Chase & Co. represents approximately 2.0% of the portfolio of Hendley & Co. Inc., which makes the stock occupy the 19th position in importance. Hendley & Co. Inc.'s holdings in JPMorgan Chase & Co. were worth $ 3,259,000 from its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in JPM. Acadian Asset Management LLC increased its stake in JPMorgan Chase & Co. shares by 400.0% in the third quarter. Acadian Asset Management LLC now owns 1,553,505 shares of the financial services provider's stock worth $ 103,450,000 after buying 1,242,826 additional shares in the last quarter. North American Management Corp increased its stake in JPMorgan Chase & Co. shares by 1.0% in the third quarter. North American Management Corp now owns 393,547 shares of the financial services provider's stock worth $ 26,206,000 after buying an additional 4,042 shares in the last quarter. Beese Fulmer Investment Management Inc. increased its stake in JPMorgan Chase & Co. by 4.7% in the third quarter. Beese Fulmer Investment Management Inc. now owns 57,095 shares of the financial services provider's stock valued at $ 3,802,000 after buying an additional 2,559 shares during the period. First Manhattan Co. increased its stake in JPMorgan Chase & Co. by 0.7% in the third quarter. First Manhattan Co. now owns 179,910 shares of the financial services provider's stock valued at $ 11,980,000 after buying 1,183 additional shares during the period. Finally, Coastline Trust Co increased its stake in JPMorgan Chase & Co. by 61.9% in the third quarter. Coastline Trust Co now owns 14,757 shares of the financial services provider's stock valued at $ 983,000 after buying 5,640 additional shares during the period. 73.65% of the shares are currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. (NYSE: JPM) opened at 85.36 on Friday. The company has a 50-day moving average of $ 86.20 and a 200-day moving average of $ 85.85. The company has a market capitalization of $ 303.23 billion, a price-earnings ratio of 13.14 and a beta of 1.49. JPMorgan Chase & Co. has a minimum of one year of $ 57.05 and a maximum of one year of $ 93.98.

JPMorgan Chase & Co. (NYSE: JPM) last rolled out its earnings results on Thursday, April 13. The financial services provider reported $ 1.65 EPS for the quarter, leading badysts' consensus estimates of $ 1.52 for $ 0.13. JPMorgan Chase & Co. had a return on equity of 10.91% and a net margin of 23.45%. The company had revenues of $ 25.59 billion for the quarter, compared to badyst expectations of $ 24.40 billion. During the same period in the previous year, the company recorded earnings of $ 1.35 per share. The company's quarterly revenues grew 6.2% year-on-year. Stock research badysts expect JPMorgan Chase & Co. to post $ 6.71 EPS for the current fiscal year. The company also recently announced a quarterly dividend, which will be paid on Monday, July 31. Shareholders registered on Thursday, July 6 will receive a dividend of $ 0.50. The ex dividend date of this dividend is Monday, July 3. This represents a dividend of $ 2.00 on an annualized basis and a dividend yield of 2.34%. The dividend payment ratio of JPMorgan Chase & Co. is currently 31.02%.

JPM has been the subject of several badyst reports. Vetr raised the shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and set a target price of $ 90.44 on the share in a research report on Tuesday, January 31. Daiwa Capital Markets raised the shares of JPMorgan Chase & Co. from a "suspense" rating to a "best performance" rating in a research report on Tuesday, February 7. BMO Capital Markets reaffirmed a "suspension" rating on the shares of JPMorgan Chase & Co. in a research report on Wednesday, March 1. Instinet increased its target price in JPMorgan Chase & Co. shares from $ 82.00 to $ 83.00 and gave the stock a "suspension" rating in an investigative report on Wednesday, March 1. Finally, Zacks Investment Research lowered the shares of JPMorgan Chase & Co. from a "buy" rating to a "suspension" rating in a research report on Friday, March 3. Two investment badysts have rated the stock with a sale rating, twelve have granted a withholding grade and twenty-one have issued a purchase rating for the company's stock. The stock currently has a "Buy" consensus rating and a consensus price target of $ 80.15. In related news, Director James S. Crown purchased 11,500 shares of the company in a transaction on Wednesday, April 19. The shares were purchased at an average cost of $ 85.48 per share, with a total value of $ 983,020.00. After the completion of the purchase, the director now owns 299,862 shares in the company, valued at approximately $ 25,632,203.76. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC's website. In addition, insider Ashley Bacon sold 6,514 shares in a transaction on Thursday, May 11. The shares were sold at an average price of $ 87.21, for a total value of $ 568,085.94. After the sale, the privileged information is now the direct owner of 47,384 shares of the company, valued at $ 4,132,358.64. The disclosure of this sale can be found here. In the last three months, insiders sold 20,711 shares of the company's stock worth $ 1,775,791. Insiders owns 0.85% of the company's shares.

JPMorgan Chase & Co. Company Profile JPMorgan Chase & Co is a financial holding company. The company is dedicated to investment banking, financial services. It operates in four segments, as well as in a corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer and Community Banking segment offers services to consumers and businesses through bank branches, ATMs, online, mobile and telephone banking.

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