J P Morgan Chase & Co (NYSE:JPM) Shares Sold by Rockefeller Financial Services Inc.

Rockefeller Financial Services Inc. cut its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 4.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,803,212 shares of the financial services provider’s stock after selling 82,276 shares during the period. J P Morgan Chase & Co makes up about 3.3% of Rockefeller Financial Services Inc.’s investment portfolio, making the stock its 2nd largest position. Rockefeller Financial Services Inc. owned 0.05% of J P Morgan Chase & Co worth $164,814,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. Shepherd Financial Partners LLC purchased a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $3,128,000. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of J P Morgan Chase & Co during the first quarter worth approximately $1,367,000. Michael & Susan Dell Foundation purchased a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $42,343,000. Guggenheim Capital LLC boosted its stake in shares of J P Morgan Chase & Co by 5.9% in the fourth quarter. Guggenheim Capital LLC now owns 1,234,560 shares of the financial services provider’s stock worth $106,530,000 after buying an additional 68,720 shares during the period. Finally, Israel Discount Bank of New York GFN purchased a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $1,857,000. Institutional investors and hedge funds own 74.08% of the company’s stock.

J P Morgan Chase & Co (NYSE:JPM) traded up 1.789% on Friday, reaching $94.155. 6,957,881 shares of the company were exchanged. J P Morgan Chase & Co has a 12-month low of $63.65 and a 12-month high of $94.51. The firm has a market capitalization of $331.33 billion, a P/E ratio of 13.889 and a beta of 1.19. The firm has a 50-day moving average of $90.52 and a 200 day moving average of $88.06.

J P Morgan Chase & Co (NYSE:JPM) last announced its earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The business had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same period in the prior year, the company earned $1.55 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. On average, equities analysts predict that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Thursday, July 6th were paid a $0.50 dividend. The ex-dividend date was Monday, July 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.16%. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 29.59%.

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A number of analysts have commented on JPM shares. Vetr cut shares of J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $99.01 price target on the stock. in a research report on Wednesday, April 26th. Guggenheim raised shares of J P Morgan Chase & Co from a “neutral” rating to a “buy” rating and upped their price target for the company from $88.25 to $96.00 in a research report on Tuesday, April 25th. Keefe, Bruyette & Woods upped their price target on shares of J P Morgan Chase & Co to $47.00 and gave the company a “buy” rating in a research report on Monday, April 17th. UBS AG reaffirmed a “buy” rating and set a $101.00 price target on shares of J P Morgan Chase & Co in a research report on Monday, May 15th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of J P Morgan Chase & Co in a research report on Monday, July 3rd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $84.71.

In other news, insider Nicole Giles sold 1,000 shares of the stock in a transaction 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 $345,350.07. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Marianne Lake sold 17,596 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,110 shares of company stock valued at $2,270,818. Corporate insiders own 0.85% of the company’s stock.

About J P Morgan Chase & Co

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.