BerganKDV Wealth Management LLC increased its position in J P Morgan Chase & Co (NYSE:JPM) by 1.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,393 shares of the financial services provider’s stock after buying an additional 100 shares during the period. BerganKDV Wealth Management LLC’s holdings in J P Morgan Chase & Co were worth $767,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Pacific Center for Financial Services bought a new stake in J P Morgan Chase & Co during the fourth quarter worth approximately $106,000. Northwest Quadrant Wealth Management LLC bought a new stake in J P Morgan Chase & Co during the fourth quarter worth approximately $125,000. Thomas J. Herzfeld Advisors Inc. bought a new stake in J P Morgan Chase & Co during the fourth quarter worth approximately $125,000. Glacier Peak Capital LLC bought a new stake in J P Morgan Chase & Co during the fourth quarter worth approximately $129,000. Finally, Tortoise Investment Management LLC boosted its stake in J P Morgan Chase & Co by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,283 shares in the last quarter. 74.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of J P Morgan Chase & Co (JPM) opened at 90.89 on Friday. The company has a market cap of $319.84 billion, a P/E ratio of 13.41 and a beta of 1.19. The company’s 50-day moving average price is $88.80 and its 200 day moving average price is $87.74. J P Morgan Chase & Co has a 52 week low of $63.38 and a 52 week high of $94.51.
J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The firm had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter last year, the firm earned $1.55 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities research analysts anticipate that J P Morgan Chase & Co will post $6.80 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $2.00 annualized dividend and a dividend yield of 2.20%. J P Morgan Chase & Co’s dividend payout ratio is presently 29.59%.
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A number of equities research analysts have recently commented on the company. UBS AG reissued a “buy” rating and issued a $101.00 target price on shares of J P Morgan Chase & Co in a research note on Monday, May 15th. BidaskClub cut J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Bank of America Corporation reaffirmed a “buy” rating and set a $99.00 price objective on shares of J P Morgan Chase & Co in a research report on Monday, July 17th. Buckingham Research reaffirmed a “neutral” rating and set a $100.00 price objective (up from $94.00) on shares of J P Morgan Chase & Co in a research report on Monday, July 10th. Finally, Instinet reaffirmed a “neutral” rating and set a $84.00 price objective (down from $87.00) on shares of J P Morgan Chase & Co in a research report on Saturday, June 3rd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $85.43.
In related news, insider Ashley Bacon sold 6,514 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $87.21, for a total value of $568,085.94. Following the completion of the sale, the insider now owns 47,384 shares of the company’s stock, valued at $4,132,358.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Nicole Giles sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total value of $91,290.00. Following the completion of the sale, the insider now directly owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,110 shares of company stock valued at $2,270,818. Insiders own 0.85% of the company’s stock.
J P Morgan 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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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