Searle & CO. boosted its stake in J P Morgan Chase & Co (NYSE:JPM) by 3.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,666 shares of the financial services provider’s stock after buying an additional 271 shares during the period. Searle & CO.’s holdings in J P Morgan Chase & Co were worth $792,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ancora Advisors LLC boosted its position in shares of J P Morgan Chase & Co by 23.9% in the fourth quarter. Ancora Advisors LLC now owns 99,613 shares of the financial services provider’s stock valued at $8,595,000 after buying an additional 19,206 shares during the last quarter. Glacier Peak Capital LLC purchased a new position in shares of J P Morgan Chase & Co during the fourth quarter valued at about $129,000. Cambria Investment Management L.P. purchased a new position in shares of J P Morgan Chase & Co during the fourth quarter valued at about $1,090,000. Hilltop Holdings Inc. boosted its position in shares of J P Morgan Chase & Co by 4.9% in the fourth quarter. Hilltop Holdings Inc. now owns 6,819 shares of the financial services provider’s stock valued at $588,000 after buying an additional 316 shares during the last quarter. Finally, Tudor Investment Corp Et Al boosted its position in shares of J P Morgan Chase & Co by 253.9% in the fourth quarter. Tudor Investment Corp Et Al now owns 153,921 shares of the financial services provider’s stock valued at $13,282,000 after buying an additional 110,423 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.
J P Morgan Chase & Co (NYSE:JPM) traded down 0.84% during trading on Friday, hitting $91.42. The stock had a trading volume of 10,679,534 shares. The company has a market cap of $321.66 billion, a PE ratio of 13.49 and a beta of 1.19. The company’s 50 day moving average is $91.87 and its 200-day moving average is $88.50. J P Morgan Chase & Co has a 12 month low of $65.11 and a 12 month high of $95.22.
J P Morgan Chase & Co (NYSE:JPM) last posted its earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.23. The company had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.55 earnings per share. On average, equities research analysts predict that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Thursday, July 6th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, July 3rd. This represents a $2.00 annualized dividend and a yield of 2.19%. J P Morgan Chase & Co’s dividend payout ratio (DPR) is 29.59%.
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A number of research firms have recently weighed in on JPM. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $93.00 price objective on shares of J P Morgan Chase & Co in a research report on Thursday, July 6th. Wells Fargo & Company began coverage on J P Morgan Chase & Co in a research report on Wednesday. They set an “outperform” rating and a $110.00 price objective on the stock. 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. Berenberg Bank set a $65.00 price objective on J P Morgan Chase & Co and gave the company a “sell” rating in a research report on Thursday, August 3rd. 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 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 stock. The company currently has an average rating of “Hold” and an average target price of $85.53.
In other J P Morgan Chase & Co news, CFO Marianne Lake sold 17,596 shares of the firm’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total value of $91,290.00. Following 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. 0.85% of the stock is owned by company insiders.
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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