Baldwin Brothers Inc. MA reduced its holdings in shares of J P Morgan Chase & Co (NYSE:JPM) by 29.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,424 shares of the financial services provider’s stock after selling 8,020 shares during the period. Baldwin Brothers Inc. MA’s holdings in J P Morgan Chase & Co were worth $1,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Grand Jean Capital Management Inc. increased its position in J P Morgan Chase & Co by 33.3% during the 1st quarter. Grand Jean Capital Management Inc. now owns 26,788 shares of the financial services provider’s stock valued at $2,353,000 after buying an additional 6,688 shares in the last quarter. Thomaspartners Inc. increased its position in J P Morgan Chase & Co by 2.8% during the 1st quarter. Thomaspartners Inc. now owns 2,572,428 shares of the financial services provider’s stock valued at $225,962,000 after buying an additional 70,882 shares in the last quarter. State of Tennessee Treasury Department increased its position in J P Morgan Chase & Co by 11.4% during the 1st quarter. State of Tennessee Treasury Department now owns 3,211,518 shares of the financial services provider’s stock valued at $282,100,000 after buying an additional 329,297 shares in the last quarter. Baystate Wealth Management LLC increased its position in J P Morgan Chase & Co by 51.7% during the 1st quarter. Baystate Wealth Management LLC now owns 7,187 shares of the financial services provider’s stock valued at $614,000 after buying an additional 2,448 shares in the last quarter. Finally, Alley Co LLC increased its position in J P Morgan Chase & Co by 6.8% during the 1st quarter. Alley Co LLC now owns 101,451 shares of the financial services provider’s stock valued at $8,911,000 after buying an additional 6,446 shares in the last quarter. 77.90% of the stock is currently owned by institutional investors.

J P Morgan Chase & Co (JPM) traded up 1.64% during trading on Thursday, hitting $97.37. The stock had a trading volume of 6,956,632 shares. The firm has a market cap of $342.60 billion, a P/E ratio of 14.36 and a beta of 1.18. J P Morgan Chase & Co has a 12-month low of $66.74 and a 12-month high of $97.44. The stock’s 50 day moving average price is $92.40 and its 200 day moving average price is $89.33. J P Morgan Chase & Co also was the target of unusually large options trading on Wednesday. Investors bought 93,484 call options on the stock. This is an increase of approximately 231% compared to the typical daily volume of 28,201 call options.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The business had revenue of $25.50 billion for 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 company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.55 EPS. On average, analysts anticipate that J P Morgan Chase & Co will post $6.80 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th will be paid a dividend of $0.56 per share. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, October 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.32%. J P Morgan Chase & Co’s payout ratio is 29.59%.

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In other news, CFO Marianne Lake sold 17,596 shares of the business’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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Nicole Giles sold 1,000 shares of the business’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 sale, the insider now directly owns 3,783 shares in the company, valued at approximately $345,350.07. 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. Corporate insiders own 0.88% of the company’s stock.

Several brokerages recently issued reports on JPM. Royal Bank Of Canada reaffirmed a “buy” rating and set a $95.00 target price on shares of J P Morgan Chase & Co in a research report on Friday, August 18th. Deutsche Bank AG lowered J P Morgan Chase & Co from a “buy” rating to a “hold” rating and upped their target price for the company from $90.00 to $96.00 in a research report on Tuesday, September 26th. BidaskClub lowered J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Berenberg Bank set a $65.00 target price on J P Morgan Chase & Co and gave the company a “sell” rating in a research report on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods set a $96.00 target price on J P Morgan Chase & Co and gave the company a “hold” rating in a research report on Saturday, August 19th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have issued a buy rating to the company’s stock. J P Morgan Chase & Co currently has a consensus rating of “Hold” and a consensus price target 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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