Amarillo National Bank held its position in shares of J P Morgan Chase & Co (NYSE:JPM) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,378 shares of the financial services provider’s stock at the end of the 2nd quarter. J P Morgan Chase & Co accounts for 0.7% of Amarillo National Bank’s portfolio, making the stock its 23rd largest position. Amarillo National Bank’s holdings in J P Morgan Chase & Co were worth $1,863,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. State Street Corp grew its stake in shares of J P Morgan Chase & Co by 0.8% in the 1st 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. increased its position in J P Morgan Chase & Co by 3.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 11,817,131 shares of the financial services provider’s stock valued at $1,038,017,000 after buying an additional 430,584 shares in the last quarter. Pioneer Investment Management Inc. raised its stake in 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 raised its stake in 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, State of Wisconsin Investment Board raised its stake in J P Morgan Chase & Co by 11.1% during the 1st quarter. State of Wisconsin Investment Board now owns 3,359,176 shares of the financial services provider’s stock worth $295,070,000 after buying an additional 336,848 shares during the period. Institutional investors and hedge funds own 77.90% of the company’s stock.

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In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 9,968 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the general counsel now directly owns 10,527 shares in the company, valued at $953,219.85. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 transaction of $1,611,441.68. The disclosure for this sale can be found here. Insiders sold a total of 28,564 shares of company stock valued at $2,605,334 over the last three months. 0.88% of the stock is currently owned by insiders.

J P Morgan Chase & Co (NYSE:JPM) traded down 0.29% during mid-day trading on Wednesday, reaching $97.07. 5,954,227 shares of the company were exchanged. The stock has a market capitalization of $341.54 billion, a price-to-earnings ratio of 14.32 and a beta of 1.18. The stock has a 50 day moving average of $92.30 and a 200-day moving average of $89.28. J P Morgan Chase & Co has a one year low of $66.74 and a one year high of $97.44.

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

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, October 5th. This is an increase from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.30%. J P Morgan Chase & Co’s payout ratio is 29.59%.

A number of brokerages have recently weighed in on JPM. Buckingham Research reaffirmed a “neutral” rating and set a $100.00 target price (up from $94.00) on shares of J P Morgan Chase & Co in a research report on Monday, July 10th. Bank of America Corporation reissued an “outperform” rating and issued a $99.00 price target on shares of J P Morgan Chase & Co in a research report on Wednesday, June 21st. Keefe, Bruyette & Woods set a $96.00 price target on shares of J P Morgan Chase & Co and gave the company a “hold” rating in a research report on Saturday, August 19th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $93.00 price target on shares of J P Morgan Chase & Co in a research note on Thursday, July 6th. Finally, Vetr lowered shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and set a $93.14 price target for the company. in a research note on Tuesday, September 12th. Three equities research 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 a consensus target price of $87.10.

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.

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

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