Tdam USA Inc. lessened its holdings in shares of J P Morgan Chase & Co (NYSE:JPM) by 4.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 140,716 shares of the financial services provider’s stock after selling 6,699 shares during the period. Tdam USA Inc.’s holdings in J P Morgan Chase & Co were worth $12,826,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in JPM. David R. Rahn & Associates Inc. purchased a new position in shares of J P Morgan Chase & Co during the 2nd quarter worth approximately $1,458,000. Ironwood Investment Management LLC grew its holdings in shares of J P Morgan Chase & Co by 61.9% during the 2nd quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock worth $609,000 after acquiring an additional 2,550 shares during the period. Gamble Jones Investment Counsel grew its holdings in shares of J P Morgan Chase & Co by 0.6% during the 2nd quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock worth $4,566,000 after acquiring an additional 276 shares during the period. Grove Bank & Trust grew its holdings in shares of J P Morgan Chase & Co by 16.9% during the 2nd quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock worth $895,000 after acquiring an additional 1,417 shares during the period. Finally, Lee Danner & Bass Inc. grew its holdings in shares of J P Morgan Chase & Co by 0.4% during the 2nd quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock worth $1,599,000 after acquiring an additional 69 shares during the period. Institutional investors own 77.86% of the company’s stock.
A number of research firms have weighed in on JPM. Royal Bank Of Canada reiterated a “buy” rating and set a $95.00 target price on shares of J P Morgan Chase & Co in a report on Friday, August 18th. BidaskClub downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Deutsche Bank AG cut J P Morgan Chase & Co from a “buy” rating to a “hold” rating and boosted their price target for the stock from $90.00 to $96.00 in a research report on Tuesday, September 26th. Wells Fargo & Company boosted their price target on 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. Finally, Keefe, Bruyette & Woods set a $96.00 price target on J P Morgan Chase & Co and gave the stock a “hold” rating in a research report on Saturday, August 19th. Three equities 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. The stock currently has a consensus rating of “Hold” and an average target price of $91.83.
In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the sale, the general counsel now owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.88% of the company’s stock.
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Shares of J P Morgan Chase & Co (NYSE:JPM) opened at $101.41 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $351,864.94, a price-to-earnings ratio of 14.61, a PEG ratio of 2.20 and a beta of 1.22. J P Morgan Chase & Co has a 12 month low of $67.64 and a 12 month high of $102.42.
J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.67 by $0.09. The firm had revenue of $25.33 billion during the quarter, compared to analyst estimates of $24.91 billion. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. J P Morgan Chase & Co’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.58 EPS. research analysts anticipate that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.21%. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, October 5th. J P Morgan Chase & Co’s dividend payout ratio is 32.28%.
J P Morgan Chase & Co 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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