Oakbrook Investments LLC Lowers Holdings in J P Morgan Chase & Co (JPM)

Oakbrook Investments LLC lowered its holdings in shares of J P Morgan Chase & Co (NYSE:JPM) by 21.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,613 shares of the financial services provider’s stock after selling 43,850 shares during the quarter. J P Morgan Chase & Co accounts for about 1.0% of Oakbrook Investments LLC’s portfolio, making the stock its 29th largest position. Oakbrook Investments LLC’s holdings in J P Morgan Chase & Co were worth $15,436,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Janus Henderson Group PLC raised its stake in shares of J P Morgan Chase & Co by 517.3% in the second quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock valued at $507,632,000 after acquiring an additional 4,654,113 shares during the period. Alliancebernstein L.P. raised its stake in shares of J P Morgan Chase & Co by 29.2% in the second quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock valued at $1,595,542,000 after acquiring an additional 3,945,948 shares during the period. Vanguard Group Inc. raised its stake in shares of J P Morgan Chase & Co by 1.5% in the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after acquiring an additional 3,717,683 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of J P Morgan Chase & Co by 40.8% in the second quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock valued at $892,886,000 after acquiring an additional 2,828,726 shares during the period. Finally, Harbour Capital Advisors LLC increased its stake in J P Morgan Chase & Co by 8,767.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,794,464 shares of the financial services provider’s stock worth $30,574,000 after buying an additional 2,762,950 shares during the period. Institutional investors and hedge funds own 73.75% of the company’s stock.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction dated Thursday, October 26th. The shares were 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 approximately $1,557,846.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.88% of the stock is owned by corporate insiders.

Several research analysts recently commented on the stock. Buckingham Research raised shares of J P Morgan Chase & Co from a “neutral” rating to a “buy” rating in a research note on Thursday. Wells Fargo & Co set a $120.00 price target on shares of J P Morgan Chase & Co and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank of Canada reaffirmed a “buy” rating on shares of J P Morgan Chase & Co in a research note on Friday, December 8th. Barclays raised their price target on shares of J P Morgan Chase & Co from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Finally, Nomura raised their price target on shares of J P Morgan Chase & Co from $87.00 to $91.00 and gave the stock a “neutral” rating in a research note on Friday, October 13th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and seventeen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $92.35.

J P Morgan Chase & Co (NYSE JPM) opened at $107.45 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. J P Morgan Chase & Co has a 1-year low of $81.64 and a 1-year high of $108.46. The stock has a market cap of $372,820.00, a PE ratio of 15.42, a price-to-earnings-growth ratio of 2.34 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. During the same period in the prior year, the business earned $1.58 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. equities analysts anticipate that J P Morgan Chase & Co will post 6.93 earnings per share for the current year.

The firm 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. This represents a $2.24 annualized dividend and a yield of 2.08%. The ex-dividend date is Thursday, January 4th. J P Morgan Chase & Co’s payout ratio is 32.14%.

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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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