J P Morgan Chase & Co (JPM) Stake Held by Bp Plc

Bp Plc continued to hold its position in J P Morgan Chase & Co (NYSE:JPM) during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 411,000 shares of the financial services provider’s stock at the end of the 2nd quarter. J P Morgan Chase & Co comprises 1.4% of Bp Plc’s holdings, making the stock its 8th biggest holding. Bp Plc’s holdings in J P Morgan Chase & Co were worth $37,570,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in JPM. State Street Corp lifted its stake in shares of J P Morgan Chase & Co by 0.8% in the first quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock valued at $14,979,775,000 after buying an additional 1,357,194 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of J P Morgan Chase & Co by 3.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 11,817,131 shares of the financial services provider’s stock valued at $1,038,017,000 after buying an additional 430,584 shares during the period. Pioneer Investment Management Inc. lifted its stake in shares of J P Morgan Chase & Co by 22.2% in the first quarter. Pioneer Investment Management Inc. now owns 7,402,919 shares of the financial services provider’s stock valued at $650,272,000 after buying an additional 1,344,295 shares during the period. Swedbank lifted its stake in shares of J P Morgan Chase & Co by 19.0% in the first quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock valued at $462,130,000 after buying an additional 840,518 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its stake in shares of J P Morgan Chase & Co by 13.0% in the second quarter. Diamond Hill Capital Management Inc. now owns 4,668,366 shares of the financial services provider’s stock valued at $426,689,000 after buying an additional 536,181 shares during the period. Institutional investors own 77.94% of the company’s stock.

J P Morgan Chase & Co (NYSE:JPM) opened at $101.41 on Monday. J P Morgan Chase & Co has a 52 week low of $67.64 and a 52 week high of $102.42. The stock has a market cap of $351,864.91, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 2.20 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $24.91 billion. During the same period last year, the firm earned $1.58 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. equities research analysts predict that J P Morgan Chase & Co will post 6.91 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were paid a $0.56 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a yield of 2.21%. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 32.28%.

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Several equities research analysts recently weighed in on JPM shares. Buckingham Research reiterated a “neutral” rating and issued a $100.00 target price (up previously from $94.00) on shares of J P Morgan Chase & Co in a research note on Monday, July 10th. Barclays PLC increased their target price on shares of J P Morgan Chase & Co from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Keefe, Bruyette & Woods set a $96.00 target price on shares of J P Morgan Chase & Co and gave the company a “hold” rating in a research note on Saturday, August 19th. Credit Suisse Group reiterated a “buy” rating and issued a $110.00 target price (up previously from $103.00) on shares of J P Morgan Chase & Co in a research note on Monday, October 9th. They noted that the move was a valuation call. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of J P Morgan Chase & Co in a research note on Thursday, October 12th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $91.83.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the transaction, the general counsel now directly owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.88% of the stock is currently owned by company insiders.

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

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