J P Morgan Chase & Co (NYSE:JPM) is B & T Capital Management DBA Alpha Capital Management’s 5th Largest Position

B & T Capital Management DBA Alpha Capital Management raised its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 0.1% during the first quarter, Holdings Channel reports. The firm owned 43,476 shares of the financial services provider’s stock after buying an additional 61 shares during the period. J P Morgan Chase & Co makes up about 2.7% of B & T Capital Management DBA Alpha Capital Management’s holdings, making the stock its 5th largest position. B & T Capital Management DBA Alpha Capital Management’s holdings in J P Morgan Chase & Co were worth $3,819,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in JPM. Brouwer & Janachowski LLC boosted its position in J P Morgan Chase & Co by 36.3% in the first quarter. Brouwer & Janachowski LLC now owns 4,136 shares of the financial services provider’s stock worth $363,000 after buying an additional 1,102 shares during the last quarter. ProShare Advisors LLC boosted its position in J P Morgan Chase & Co by 2.1% in the first quarter. ProShare Advisors LLC now owns 997,631 shares of the financial services provider’s stock worth $87,632,000 after buying an additional 20,655 shares during the last quarter. Foster & Motley Inc. boosted its position in J P Morgan Chase & Co by 0.8% in the first quarter. Foster & Motley Inc. now owns 93,234 shares of the financial services provider’s stock worth $8,190,000 after buying an additional 735 shares during the last quarter. IFC Holdings Incorporated FL boosted its position in J P Morgan Chase & Co by 29.9% in the first quarter. IFC Holdings Incorporated FL now owns 19,605 shares of the financial services provider’s stock worth $1,726,000 after buying an additional 4,512 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its position in J P Morgan Chase & Co by 3.7% in the first quarter. Rehmann Capital Advisory Group now owns 34,392 shares of the financial services provider’s stock worth $3,021,000 after buying an additional 1,231 shares during the last quarter. 74.25% of the stock is currently owned by hedge funds and other institutional investors.

J P Morgan Chase & Co (NYSE:JPM) opened at 91.39 on Tuesday. J P Morgan Chase & Co has a 52-week low of $63.38 and a 52-week high of $94.51. The firm’s 50 day moving average price is $85.98 and its 200 day moving average price is $87.09. The firm has a market cap of $324.65 billion, a price-to-earnings ratio of 14.07 and a beta of 1.19.

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 for the quarter, beating the Zacks’ 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 company had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same quarter last year, the company earned $1.55 earnings per share. The company’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 $6.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be issued a $0.50 dividend. The ex-dividend date is Monday, July 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.19%. J P Morgan Chase & Co’s dividend payout ratio is presently 29.59%.

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A number of research analysts have recently commented on the stock. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $93.00 target price on shares of J P Morgan Chase & Co in a research report on Thursday, July 6th. Buckingham Research reissued a “neutral” rating and set a $100.00 target price (up from $94.00) on shares of J P Morgan Chase & Co in a research report on Monday, July 10th. Deutsche Bank AG reissued a “buy” rating on shares of J P Morgan Chase & Co in a research report on Monday, July 3rd. BidaskClub raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Finally, Credit Suisse Group boosted their target price on shares of J P Morgan Chase & Co from $102.00 to $103.00 and gave the stock an “outperform” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $84.75.

In related news, CFO Marianne Lake sold 17,596 shares of J P Morgan Chase & Co 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James S. Crown purchased 11,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 19th. The shares were acquired at an average price of $85.48 per share, for a total transaction of $983,020.00. Following the completion of the acquisition, the director now directly owns 299,862 shares of the company’s stock, valued at approximately $25,632,203.76. The disclosure for this purchase can be found here. 0.85% of the stock is owned by company 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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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