Hengehold Capital Management LLC Grows Stake in J P Morgan Chase & Co (JPM)

Hengehold Capital Management LLC lifted its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,640 shares of the financial services provider’s stock after acquiring an additional 539 shares during the quarter. Hengehold Capital Management LLC’s holdings in J P Morgan Chase & Co were worth $2,258,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. lifted its holdings in shares of J P Morgan Chase & Co by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 12 shares in the last quarter. IPG Investment Advisors LLC lifted its holdings in shares of J P Morgan Chase & Co by 0.3% in the second quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 17 shares in the last quarter. BSW Wealth Partners lifted its holdings in shares of J P Morgan Chase & Co by 0.5% in the first quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 26 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of J P Morgan Chase & Co by 0.5% in the second quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 26 shares in the last quarter. Finally, Financial Advisory Service Inc. raised its holdings in shares of J P Morgan Chase & Co by 0.7% during the first quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock worth $442,000 after acquiring an additional 36 shares in the last quarter. 73.75% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on JPM. Buckingham Research upgraded J P Morgan Chase & Co from a “neutral” rating to a “buy” rating in a report on Thursday. Jefferies Group set a $111.00 price objective on J P Morgan Chase & Co and gave the stock a “buy” rating in a report on Friday, October 13th. Vetr upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price objective for the company in a report on Wednesday, September 6th. BMO Capital Markets increased their price objective on J P Morgan Chase & Co from $86.00 to $91.00 and gave the stock a “market perform” rating in a report on Friday, October 13th. Finally, Zacks Investment Research lowered J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $92.35.

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

J P Morgan Chase & Co (NYSE JPM) opened at $107.83 on Friday. J P Morgan Chase & Co has a 1-year low of $81.64 and a 1-year high of $108.40. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $368,276.69, a PE ratio of 15.29, a price-to-earnings-growth ratio of 2.30 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last posted its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The company had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. During the same period last year, the company earned $1.58 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. equities research analysts anticipate that J P Morgan Chase & Co will post 6.91 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be issued a dividend of $0.56 per share. The ex-dividend date is Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 2.08%. J P Morgan Chase & Co’s dividend payout ratio (DPR) is currently 32.28%.

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About J P Morgan Chase & Co

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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