REDW Stanley Financial Advisors LLC Increases Stake in J P Morgan Chase & Co (JPM)

REDW Stanley Financial Advisors LLC grew its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,042 shares of the financial services provider’s stock after purchasing an additional 120 shares during the period. J P Morgan Chase & Co makes up 0.6% of REDW Stanley Financial Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. REDW Stanley Financial Advisors LLC’s holdings in J P Morgan Chase & Co were worth $644,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacific Center for Financial Services increased its position in shares of J P Morgan Chase & Co by 14.5% during the first quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 177 shares in the last quarter. Ullmann Financial Group Inc. bought a new stake in shares of J P Morgan Chase & Co during the first quarter worth about $148,000. Northwest Investment Counselors LLC bought a new stake in shares of J P Morgan Chase & Co during the second quarter worth about $165,000. Capital Advisors Ltd. LLC increased its position in shares of J P Morgan Chase & Co by 53.0% during the second quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 670 shares in the last quarter. Finally, Meritage Portfolio Management bought a new stake in shares of J P Morgan Chase & Co during the second quarter worth about $202,000. Hedge funds and other institutional investors own 77.86% of the company’s stock.

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 shares were sold at an average price of $90.55, for a total transaction of $902,602.40. Following the transaction, the general counsel now owns 10,527 shares of the company’s stock, valued at $953,219.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is owned by insiders.

Several research firms have recently commented on JPM. Wells Fargo & Company boosted their target price on shares of J P Morgan Chase & Co from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of J P Morgan Chase & Co in a research report on Wednesday, October 11th. Citigroup Inc. boosted their target price on shares of J P Morgan Chase & Co from $90.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, October 6th. Credit Suisse Group reissued a “buy” rating and set a $110.00 target price (up from $103.00) on shares of J P Morgan Chase & Co in a research report on Monday, October 9th. They noted that the move was a valuation call. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of J P Morgan Chase & Co in a research report on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $91.83.

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J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The business had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $2.24 annualized dividend and a yield of 2.20%. This is an increase from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s payout ratio is currently 32.28%.

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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