J P Morgan Chase & Co (JPM) Holdings Maintained by WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST

WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST held its position in J P Morgan Chase & Co (NYSE:JPM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,700,000 shares of the financial services provider’s stock at the end of the 2nd quarter. J P Morgan Chase & Co makes up about 7.3% of WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST’s portfolio, making the stock its 6th largest position. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST owned about 0.13% of J P Morgan Chase & Co worth $429,580,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pacific Center for Financial Services lifted its holdings in J P Morgan Chase & Co by 14.5% during the 1st quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 177 shares during the last quarter. Ullmann Financial Group Inc. acquired a new stake in J P Morgan Chase & Co during the 1st quarter worth approximately $148,000. Northwest Investment Counselors LLC acquired a new stake in J P Morgan Chase & Co during the 2nd quarter worth approximately $165,000. Cordasco Financial Network lifted its holdings in J P Morgan Chase & Co by 496.7% during the 2nd quarter. Cordasco Financial Network now owns 2,333 shares of the financial services provider’s stock worth $213,000 after purchasing an additional 1,942 shares during the last quarter. Finally, Mascoma Wealth Management LLC lifted its holdings in J P Morgan Chase & Co by 3.1% during the 2nd quarter. Mascoma Wealth Management LLC now owns 2,440 shares of the financial services provider’s stock worth $223,000 after purchasing an additional 73 shares during the last quarter. 77.89% of the stock is owned by institutional investors.

In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 3,783 shares in the company, valued at $345,350.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Stacey Friedman sold 9,968 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $90.55, for a total transaction of $902,602.40. Following the completion of the sale, the general counsel now owns 10,527 shares of the company’s stock, valued at $953,219.85. The disclosure for this sale can be found here. Insiders sold 28,564 shares of company stock valued at $2,605,334 over the last 90 days. 0.88% of the stock is currently owned by company insiders.

Several research firms recently weighed in on JPM. Credit Suisse Group lifted their price target on J P Morgan Chase & Co from $102.00 to $103.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. Zacks Investment Research raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a report on Tuesday, July 18th. BidaskClub lowered J P Morgan Chase & Co from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods set a $96.00 price objective on J P Morgan Chase & Co and gave the stock a “hold” rating in a research note on Saturday, August 19th. Finally, Vetr upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price objective on the stock in a research note on Wednesday, September 6th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $88.87.

Shares of J P Morgan Chase & Co (JPM) traded down 0.30% during mid-day trading on Wednesday, reaching $96.84. The company had a trading volume of 6,614,458 shares. The firm has a 50-day moving average of $93.07 and a 200-day moving average of $89.60. J P Morgan Chase & Co has a 12-month low of $66.74 and a 12-month high of $97.64. The company has a market capitalization of $340.78 billion, a P/E ratio of 14.30 and a beta of 1.18.

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 the Thomson Reuters’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The business had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. During the same period last year, the business posted $1.55 earnings per share. J P Morgan Chase & Co’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities analysts anticipate that J P Morgan Chase & Co will post $6.80 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th will be issued a $0.56 dividend. The ex-dividend date is Thursday, October 5th. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 2.31%. J P Morgan Chase & Co’s dividend payout ratio (DPR) is 33.14%.

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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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