J P Morgan Chase & Co (JPM) is Mn Services Vermogensbeheer B.V.’s 7th Largest Position

Mn Services Vermogensbeheer B.V. lifted its position in J P Morgan Chase & Co (NYSE:JPM) by 513.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 586,966 shares of the financial services provider’s stock after purchasing an additional 491,330 shares during the quarter. J P Morgan Chase & Co accounts for about 1.5% of Mn Services Vermogensbeheer B.V.’s holdings, making the stock its 7th largest holding. Mn Services Vermogensbeheer B.V.’s holdings in J P Morgan Chase & Co were worth $53,649,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of JPM. First Command Financial Services Inc. boosted its holdings in shares of J P Morgan Chase & Co by 13.3% in the 1st quarter. First Command Financial Services Inc. now owns 5,078 shares of the financial services provider’s stock worth $446,000 after purchasing an additional 595 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of J P Morgan Chase & Co in the 1st quarter worth about $712,000. Tompkins Financial Corp boosted its holdings in shares of J P Morgan Chase & Co by 16.9% in the 1st quarter. Tompkins Financial Corp now owns 61,438 shares of the financial services provider’s stock worth $3,639,000 after purchasing an additional 8,876 shares in the last quarter. Cribstone Capital Management LLC boosted its holdings in shares of J P Morgan Chase & Co by 5.4% in the 1st quarter. Cribstone Capital Management LLC now owns 4,300 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 222 shares in the last quarter. Finally, Mountain Pacific Investment Advisers Inc. ID boosted its holdings in shares of J P Morgan Chase & Co by 1.1% in the 1st quarter. Mountain Pacific Investment Advisers Inc. ID now owns 29,847 shares of the financial services provider’s stock worth $2,622,000 after purchasing an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 77.89% of the company’s stock.

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A number of equities analysts have recently issued reports on JPM shares. Vetr cut J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price objective for the company. in a report on Monday, June 12th. BidaskClub upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Deutsche Bank AG reiterated a “buy” rating on shares of J P Morgan Chase & Co in a report on Monday, July 3rd. Zacks Investment Research upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Tuesday, July 18th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $99.00 price objective on shares of J P Morgan Chase & Co in a report on Monday, July 17th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $88.87.

In related news, insider Nicole Giles sold 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 3,783 shares of the company’s stock, valued at $345,350.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Marianne Lake sold 17,596 shares of the business’s stock in a transaction that occurred 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. Insiders sold 28,564 shares of company stock valued at $2,605,334 in the last three months. 0.88% of the stock is currently owned by insiders.

J P Morgan Chase & Co (NYSE:JPM) traded up 0.4027% during mid-day trading on Tuesday, hitting $96.7982. The company had a trading volume of 4,540,722 shares. J P Morgan Chase & Co has a 1-year low of $66.74 and a 1-year high of $97.64. The firm has a market capitalization of $340.58 billion, a PE ratio of 14.2791 and a beta of 1.18. The company has a 50 day moving average of $92.89 and a 200 day moving average of $89.53.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. The company had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. J P Morgan Chase & Co’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Analysts predict that J P Morgan Chase & Co will post $6.80 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be paid a $0.56 dividend. This is an increase from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.32%. J P Morgan Chase & Co’s payout ratio is 33.14%.

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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