J P Morgan Chase & Co (JPM) Shares Bought by Cadinha & Co. LLC

Cadinha & Co. LLC grew its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 192,419 shares of the financial services provider’s stock after acquiring an additional 4,714 shares during the quarter. J P Morgan Chase & Co comprises about 3.1% of Cadinha & Co. LLC’s holdings, making the stock its 12th largest position. Cadinha & Co. LLC’s holdings in J P Morgan Chase & Co were worth $17,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. David R. Rahn & Associates Inc. acquired a new stake in J P Morgan Chase & Co in the second quarter valued at approximately $1,458,000. Gamble Jones Investment Counsel grew its position in J P Morgan Chase & Co by 0.6% in the second quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock valued at $4,566,000 after acquiring an additional 276 shares in the last quarter. Ironwood Investment Management LLC grew its position in J P Morgan Chase & Co by 61.9% in the second quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock valued at $609,000 after acquiring an additional 2,550 shares in the last quarter. Grove Bank & Trust grew its position in J P Morgan Chase & Co by 16.9% in the second quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock valued at $895,000 after acquiring an additional 1,417 shares in the last quarter. Finally, Lee Danner & Bass Inc. grew its position in J P Morgan Chase & Co by 0.4% in the second quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock valued at $1,599,000 after acquiring an additional 69 shares in the last quarter. 77.94% of the stock is owned by institutional investors.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 9,968 shares of J P Morgan Chase & Co stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $90.55, for a total value of $902,602.40. Following the transaction, the general counsel now directly owns 10,527 shares of the company’s stock, valued at approximately $953,219.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.88% of the company’s stock.

J P Morgan Chase & Co (JPM) opened at $97.51 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. J P Morgan Chase & Co has a one year low of $75.77 and a one year high of $102.42. The firm has a market capitalization of $338,662.59, a P/E ratio of 14.06, a P/E/G ratio of 2.12 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.09. The business had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 billion. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business earned $1.58 EPS. research analysts predict that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were given a $0.56 dividend. This is an increase from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Thursday, October 5th. J P Morgan Chase & Co’s payout ratio is currently 32.28%.

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Several equities analysts have recently commented on JPM shares. Royal Bank Of Canada reiterated a “buy” rating and set a $95.00 target price on shares of J P Morgan Chase & Co in a research note on Friday, August 18th. Deutsche Bank AG cut J P Morgan Chase & Co from a “buy” rating to a “hold” rating and increased their target price for the company from $90.00 to $96.00 in a research note on Tuesday, September 26th. Keefe, Bruyette & Woods set a $96.00 target price on J P Morgan Chase & Co and gave the company a “hold” rating in a research note on Saturday, August 19th. Berenberg Bank set a $65.00 price objective on J P Morgan Chase & Co and gave the stock a “sell” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research cut J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. J P Morgan Chase & Co has a consensus rating of “Hold” and a consensus price target of $91.83.

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.

Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

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