Paradigm Financial Advisors LLC Holds Position in J P Morgan Chase & Co (JPM)

Paradigm Financial Advisors LLC held its position in shares of J P Morgan Chase & Co (NYSE:JPM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,805 shares of the financial services provider’s stock at the close of the second quarter. Paradigm Financial Advisors LLC’s holdings in J P Morgan Chase & Co were worth $622,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Private Vista LLC purchased a new position in J P Morgan Chase & Co in the 2nd quarter worth approximately $102,000. Atlantic Trust LLC purchased a new position in J P Morgan Chase & Co in the 2nd quarter worth approximately $136,000. Ullmann Financial Group Inc. purchased a new position in J P Morgan Chase & Co in the 1st quarter worth approximately $148,000. Northwest Investment Counselors LLC purchased a new position in J P Morgan Chase & Co in the 2nd quarter worth approximately $165,000. Finally, Capital Advisors Ltd. LLC raised its holdings 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 acquiring an additional 670 shares during the last quarter. Hedge funds and other institutional investors own 73.93% of the company’s stock.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the sale, the general counsel now owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.88% of the company’s stock.

Shares of J P Morgan Chase & Co (JPM) traded up $1.48 on Friday, reaching $106.14. 29,350,126 shares of the company’s stock were exchanged, compared to its average volume of 13,738,846. 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 debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $363,141.53, a price-to-earnings ratio of 15.08, a PEG ratio of 2.27 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last issued 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 during the quarter, compared to the consensus estimate of $24.91 billion. During the same quarter in the previous year, the firm posted $1.58 EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. research analysts expect that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, January 4th. J P Morgan Chase & Co’s payout ratio is 32.28%.

JPM has been the subject of a number of recent analyst reports. Bank of America set a $102.00 price objective on shares of J P Morgan Chase & Co and gave the stock a “buy” rating in a report on Friday, October 13th. Jefferies Group restated a “buy” rating and issued a $102.00 price objective on shares of J P Morgan Chase & Co in a report on Friday, September 15th. Oppenheimer restated a “hold” rating on shares of J P Morgan Chase & Co in a report on Thursday, October 12th. Royal Bank of Canada restated a “buy” rating on shares of J P Morgan Chase & Co in a report on Friday, December 8th. Finally, Credit Suisse Group restated a “buy” rating and issued a $110.00 price objective (up from $103.00) on shares of J P Morgan Chase & Co in a report on Monday, October 9th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have issued a buy rating to the stock. J P Morgan Chase & Co has an average rating of “Hold” and a consensus target price of $92.18.

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

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