ETRADE Capital Management LLC boosted its position in J P Morgan Chase & Co (NYSE:JPM) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,451 shares of the financial services provider’s stock after buying an additional 1,216 shares during the period. ETRADE Capital Management LLC’s holdings in J P Morgan Chase & Co were worth $3,826,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in JPM. Shell Asset Management Co. raised its stake in J P Morgan Chase & Co by 13.1% in the second quarter. Shell Asset Management Co. now owns 379,390 shares of the financial services provider’s stock valued at $23,575,000 after buying an additional 43,933 shares in the last quarter. Excalibur Management Corp boosted its stake in J P Morgan Chase & Co by 0.5% in the second quarter. Excalibur Management Corp now owns 48,901 shares of the financial services provider’s stock valued at $3,039,000 after buying an additional 220 shares during the last quarter. United Bank VA acquired a new stake in J P Morgan Chase & Co during the second quarter valued at $209,000. Trust Co. of Toledo NA OH boosted its stake in J P Morgan Chase & Co by 3.6% in the second quarter. Trust Co. of Toledo NA OH now owns 58,621 shares of the financial services provider’s stock valued at $3,642,000 after buying an additional 2,047 shares during the last quarter. Finally, RNC Capital Management LLC boosted its stake in J P Morgan Chase & Co by 2.0% in the second quarter. RNC Capital Management LLC now owns 384,701 shares of the financial services provider’s stock valued at $23,905,000 after buying an additional 7,432 shares during the last quarter. Hedge funds and other institutional investors own 73.65% of the company’s stock.
Shares of J P Morgan Chase & Co (NYSE:JPM) opened at 89.56 on Wednesday. The company’s 50-day moving average is $86.06 and its 200-day moving average is $75.16. J P Morgan Chase & Co has a 12-month low of $54.33 and a 12-month high of $89.70. The company has a market cap of $319.79 billion, a price-to-earnings ratio of 14.47 and a beta of 1.49.
J P Morgan Chase & Co (NYSE:JPM) last issued its earnings results on Friday, January 13th. The financial services provider reported $1.71 EPS for the quarter, beating the consensus estimate of $1.42 by $0.29. The business had revenue of $24.30 billion for the quarter, compared to the consensus estimate of $23.48 billion. J P Morgan Chase & Co had a return on equity of 10.91% and a net margin of 23.45%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.68 EPS. Equities research analysts predict that J P Morgan Chase & Co will post $6.55 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 31st. Investors of record on Friday, January 6th were given a dividend of $0.48 per share. The ex-dividend date was Wednesday, January 4th. This represents a $1.92 annualized dividend and a dividend yield of 2.14%. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 31.02%.
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JPM has been the subject of several research analyst reports. Deutsche Bank AG reissued a “buy” rating on shares of J P Morgan Chase & Co in a research note on Friday, December 23rd. Vetr upgraded shares of J P Morgan Chase & Co from a “sell” rating to a “hold” rating and set a $84.31 price objective for the company in a research report on Monday, December 26th. Daiwa Capital Markets raised shares of J P Morgan Chase & Co from a “hold” rating to an “outperform” rating in a research note on Tuesday, February 7th. Robert W. Baird lowered shares of J P Morgan Chase & Co from an “outperform” rating to a “neutral” rating and raised their target price for the company from $70.03 to $72.00 in a research report on Wednesday, November 9th. Finally, Instinet reaffirmed a “hold” rating and set a $65.00 target price on shares of J P Morgan Chase & Co in a research note on Wednesday, January 11th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nineteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $77.08.
In other J P Morgan Chase & Co news, insider Gordon Smith sold 65,865 shares of the stock in a transaction dated Wednesday, January 18th. The stock was sold at an average price of $83.67, for a total value of $5,510,924.55. Following the transaction, the insider now owns 237,466 shares of the company’s stock, valued at $19,868,780.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas B. Petno sold 6,728 shares of the stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $84.16, for a total value of $566,228.48. Following the completion of the transaction, the chief executive officer now directly owns 115,938 shares in the company, valued at approximately $9,757,342.08. The disclosure for this sale can be found here. Insiders have sold 202,699 shares of company stock worth $17,009,515 over the last ninety days. 0.85% of the stock is currently owned by insiders.
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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.
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