Boston Advisors LLC increased its holdings in shares of J P Morgan Chase & Co (NYSE:JPM) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 516,549 shares of the financial services provider’s stock after purchasing an additional 4,065 shares during the period. J P Morgan Chase & Co makes up about 1.1% of Boston Advisors LLC’s holdings, making the stock its 12th biggest position. Boston Advisors LLC’s holdings in J P Morgan Chase & Co were worth $47,213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its stake in J P Morgan Chase & Co by 0.8% in the first quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock valued at $14,979,775,000 after buying an additional 1,357,194 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of J P Morgan Chase & Co by 3.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 11,817,131 shares of the financial services provider’s stock worth $1,038,017,000 after buying an additional 430,584 shares in the last quarter. Pioneer Investment Management Inc. grew its position in shares of J P Morgan Chase & Co by 22.2% during the 1st quarter. Pioneer Investment Management Inc. now owns 7,402,919 shares of the financial services provider’s stock worth $650,272,000 after buying an additional 1,344,295 shares during the period. Swedbank grew its position in shares of J P Morgan Chase & Co by 19.0% during the 1st quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock worth $462,130,000 after buying an additional 840,518 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of J P Morgan Chase & Co by 7.2% during the 2nd quarter. Acadian Asset Management LLC now owns 4,008,721 shares of the financial services provider’s stock worth $366,398,000 after buying an additional 268,722 shares during the period. 77.90% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $92.00 price objective on shares of J P Morgan Chase & Co in a research note on Wednesday, June 7th. BidaskClub upgraded shares of J P Morgan Chase & Co from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Vetr lowered shares of J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 target price on the stock. in a research note on Monday, June 12th. Bank of America Corporation reissued an “outperform” rating and set a $99.00 target price on shares of J P Morgan Chase & Co in a research note on Wednesday, June 21st. Finally, Credit Suisse Group reduced their price target on shares of J P Morgan Chase & Co from $102.00 to $99.00 and set an “outperform” rating for the company in a report on Thursday, June 29th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $87.10.

Shares of J P Morgan Chase & Co (NYSE JPM) traded up 0.32% during midday trading on Tuesday, reaching $97.15. 5,582,856 shares of the company’s stock were exchanged. The stock has a market cap of $341.82 billion, a price-to-earnings ratio of 14.33 and a beta of 1.18. The firm has a 50 day moving average of $92.16 and a 200-day moving average of $89.23. J P Morgan Chase & Co has a one year low of $66.10 and a one year high of $97.34.

J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. The firm had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.55 earnings per share. On average, equities research analysts anticipate that J P Morgan Chase & Co will post $6.80 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.31%. The ex-dividend date is 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 dividend payout ratio (DPR) is 29.59%.

In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total value of $91,290.00. Following the completion of the transaction, the insider now directly owns 3,783 shares in the company, valued at approximately $345,350.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Marianne Lake sold 17,596 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $91.58, for a total value of $1,611,441.68. The disclosure for this sale can be found here. Insiders have sold a total of 28,564 shares of company stock worth $2,605,334 in the last three months. 0.88% of the stock is owned by corporate insiders.

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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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