J P Morgan Chase & Co (JPM) Shares Bought by Alley Co LLC

Alley Co LLC boosted its holdings in J P Morgan Chase & Co (NYSE:JPM) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,405 shares of the financial services provider’s stock after acquiring an additional 1,954 shares during the quarter. J P Morgan Chase & Co accounts for approximately 3.6% of Alley Co LLC’s holdings, making the stock its 2nd largest position. Alley Co LLC’s holdings in J P Morgan Chase & Co were worth $9,451,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. IPG Investment Advisors LLC lifted its holdings in shares of J P Morgan Chase & Co by 0.3% during the 2nd quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock valued at $608,000 after buying an additional 17 shares during the period. BSW Wealth Partners lifted its holdings in shares of J P Morgan Chase & Co by 0.5% during the 1st quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock valued at $429,000 after buying an additional 26 shares during the period. Financial Advisory Service Inc. lifted its holdings in shares of J P Morgan Chase & Co by 0.7% during the 1st quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock valued at $442,000 after buying an additional 36 shares during the period. Keel Point LLC lifted its holdings in shares of J P Morgan Chase & Co by 1.1% during the 1st quarter. Keel Point LLC now owns 3,365 shares of the financial services provider’s stock valued at $296,000 after buying an additional 36 shares during the period. Finally, Financial Consulate Inc. lifted its holdings in shares of J P Morgan Chase & Co by 1.1% during the 2nd quarter. Financial Consulate Inc. now owns 4,075 shares of the financial services provider’s stock valued at $372,000 after buying an additional 44 shares during the period. 77.86% of the stock is currently owned by institutional investors and hedge funds.

In related news, General Counsel Stacey Friedman sold 9,968 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $90.55, for a total value of $902,602.40. Following the completion of the transaction, the general counsel now owns 10,527 shares of the company’s stock, valued at approximately $953,219.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.88% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on JPM shares. Buckingham Research reissued a “neutral” rating and set a $100.00 price target (up from $94.00) on shares of J P Morgan Chase & Co in a report on Monday, July 10th. Barclays PLC increased their price target on J P Morgan Chase & Co from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Keefe, Bruyette & Woods set a $96.00 price target on J P Morgan Chase & Co and gave the company a “hold” rating in a report on Saturday, August 19th. Credit Suisse Group reissued a “buy” rating and set a $110.00 price target (up from $103.00) on shares of J P Morgan Chase & Co in a 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 report on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have assigned a buy rating to the stock. J P Morgan Chase & Co currently has an average rating of “Hold” and a consensus target price of $91.83.

J P Morgan Chase & Co (NYSE JPM) opened at $101.41 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.04. J P Morgan Chase & Co has a 1-year low of $67.64 and a 1-year high of $102.42. The company has a market cap of $351,864.94, a PE ratio of 14.61, a P/E/G ratio of 2.20 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $25.33 billion during the quarter, compared to the consensus estimate of $24.91 billion. During the same quarter last year, the firm earned $1.58 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. research analysts expect that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were issued 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 was Thursday, October 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.21%. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 32.28%.

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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.

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

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