DekaBank Deutsche Girozentrale trimmed its position in J P Morgan Chase & Co (NYSE:JPM) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,425,406 shares of the financial services provider’s stock after selling 61,615 shares during the quarter. J P Morgan Chase & Co makes up approximately 1.0% of DekaBank Deutsche Girozentrale’s portfolio, making the stock its 15th largest position. DekaBank Deutsche Girozentrale’s holdings in J P Morgan Chase & Co were worth $131,163,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Pacific Center for Financial Services boosted its holdings in shares of J P Morgan Chase & Co by 14.5% during the first 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 during the period. Ullmann Financial Group Inc. acquired a new stake in shares of J P Morgan Chase & Co during the first quarter worth approximately $148,000. Northwest Investment Counselors LLC acquired a new stake in shares of J P Morgan Chase & Co during the second quarter worth approximately $165,000. Capital Advisors Ltd. LLC boosted its holdings in shares of J P Morgan Chase & Co by 53.0% during the second 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 during the period. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of J P Morgan Chase & Co during the second quarter worth approximately $188,000. Institutional investors own 78.97% of the company’s stock.
Several analysts recently commented on JPM shares. Royal Bank Of Canada restated a “buy” rating and set a $95.00 price target on shares of J P Morgan Chase & Co in a report on Friday, August 18th. Zacks Investment Research raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Tuesday, July 18th. Bank of America Corporation reaffirmed a “buy” rating and set a $99.00 price objective on shares of J P Morgan Chase & Co in a research report on Monday, July 17th. Vetr raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price objective on the stock in a research report on Wednesday, September 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $102.00 price objective on shares of J P Morgan Chase & Co in a research report on Friday, September 15th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have issued a buy rating to the stock. J P Morgan Chase & Co currently has an average rating of “Hold” and a consensus target price of $91.83.
In other news, General Counsel Stacey Friedman sold 9,968 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $90.55, for a total value of $902,602.40. Following the sale, the general counsel now owns 10,527 shares in the company, valued at approximately $953,219.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.88% of the stock is currently owned by insiders.
Shares of J P Morgan Chase & Co (NYSE:JPM) opened at $97.86 on Tuesday. J P Morgan Chase & Co has a 52 week low of $76.88 and a 52 week high of $102.42. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $338,332.97, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 2.12 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 EPS for the quarter, beating 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 the consensus estimate of $24.91 billion. During the same quarter in the previous year, the company earned $1.58 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. equities analysts forecast that J P Morgan Chase & Co will post 6.91 EPS for the current fiscal year.
The company also recently announced 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 2.29%. The ex-dividend date of this dividend was Thursday, October 5th. This is an increase from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s payout ratio is currently 32.28%.
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J P Morgan Chase & Co Company 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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