Wealthsource Partners LLC lifted its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 7.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,282 shares of the financial services provider’s stock after buying an additional 1,480 shares during the quarter. Wealthsource Partners LLC’s holdings in J P Morgan Chase & Co were worth $2,037,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. Private Vista LLC purchased a new stake in J P Morgan Chase & Co in the 2nd quarter worth $102,000. Pacific Center for Financial Services lifted its stake in J P Morgan Chase & Co by 14.5% in 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 in the last quarter. Ullmann Financial Group Inc. purchased a new stake in J P Morgan Chase & Co in the 1st quarter worth $148,000. Northwest Investment Counselors LLC purchased a new stake in J P Morgan Chase & Co in the 2nd quarter worth $165,000. Finally, Capital Advisors Ltd. LLC lifted its stake in J P Morgan Chase & Co by 53.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 670 shares in the last quarter. Institutional investors own 73.93% of the company’s stock.
Several analysts have commented on the stock. Jefferies Group set a $111.00 price target on shares of J P Morgan Chase & Co and gave the stock a “buy” rating in a research note on Friday, October 13th. Keefe, Bruyette & Woods set a $96.00 price target on shares of J P Morgan Chase & Co and gave the stock a “hold” rating in a research note on Saturday, August 19th. Vetr upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price target on the stock in a research note on Wednesday, September 6th. BMO Capital Markets boosted their price target on shares of J P Morgan Chase & Co from $86.00 to $91.00 and gave the stock a “market perform” rating in a research note on Friday, October 13th. Finally, Zacks Investment Research cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $92.18.
Shares of J P Morgan Chase & Co (JPM) traded up $1.23 during trading hours on Wednesday, reaching $106.85. 15,508,800 shares of the company traded hands, compared to its average volume of 13,997,725. The company has a market cap of $366,472.44, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 2.29 and a beta of 1.22. J P Morgan Chase & Co has a one year low of $81.64 and a one year high of $108.40. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03.
J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.67 by $0.09. The company had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.58 EPS. analysts predict that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.10%. J P Morgan Chase & Co’s payout ratio is 32.28%.
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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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