Notis McConarty Edward trimmed its position in J P Morgan Chase & Co (NYSE:JPM) by 0.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,942 shares of the financial services provider’s stock after selling 10 shares during the quarter. Notis McConarty Edward’s holdings in J P Morgan Chase & Co were worth $1,823,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Smith Salley & Associates increased its holdings in shares of J P Morgan Chase & Co by 1.3% in the 2nd quarter. Smith Salley & Associates now owns 130,385 shares of the financial services provider’s stock valued at $11,917,000 after acquiring an additional 1,618 shares during the last quarter. MCF Advisors LLC increased its holdings in shares of J P Morgan Chase & Co by 8.2% in the 2nd quarter. MCF Advisors LLC now owns 9,016 shares of the financial services provider’s stock valued at $824,000 after acquiring an additional 681 shares during the last quarter. Paragon Capital Management Ltd increased its holdings in shares of J P Morgan Chase & Co by 4.2% in the 2nd quarter. Paragon Capital Management Ltd now owns 7,188 shares of the financial services provider’s stock valued at $657,000 after acquiring an additional 292 shares during the last quarter. A. D. Beadell Investment Counsel Inc. bought a new stake in shares of J P Morgan Chase & Co in the 2nd quarter valued at approximately $619,000. Finally, Meritage Portfolio Management bought a new stake in shares of J P Morgan Chase & Co in the 2nd quarter valued at approximately $202,000. Institutional investors and hedge funds own 77.90% of the company’s stock.

A number of research analysts recently issued reports on JPM shares. Zacks Investment Research upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Tuesday, July 18th. Bank of America Corporation restated 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. BidaskClub upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Deutsche Bank AG restated a “buy” rating on shares of J P Morgan Chase & Co in a research report on Monday, July 3rd. Finally, Vetr lowered J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price objective for the company. in a research report on Monday, June 12th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have given a buy rating to the stock. J P Morgan Chase & Co currently has an average rating of “Hold” and an average price target of $88.10.

In other news, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Stacey Friedman sold 9,968 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was 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 owns 10,527 shares in the company, valued at $953,219.85. The disclosure for this sale can be found here. Insiders sold a total of 28,564 shares of company stock worth $2,605,334 over the last 90 days. 0.88% of the stock is owned by corporate insiders.

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Shares of J P Morgan Chase & Co (NYSE:JPM) traded down 0.31% during midday trading on Friday, hitting $96.79. The stock had a trading volume of 5,302,580 shares. The stock has a 50 day moving average price of $92.55 and a 200-day moving average price of $89.39. The stock has a market capitalization of $340.55 billion, a price-to-earnings ratio of 14.28 and a beta of 1.18. J P Morgan Chase & Co has a 52 week low of $66.74 and a 52 week high of $97.64. J P Morgan Chase & Co also was the target of unusually large options trading on Wednesday. Traders purchased 93,484 call options on the stock. This represents an increase of 231% compared to the typical daily volume of 28,201 call options.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same period last year, the company earned $1.55 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. Equities research analysts anticipate that J P Morgan Chase & Co will post $6.80 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th will be given a $0.56 dividend. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, October 5th. J P Morgan Chase & Co’s dividend payout ratio (DPR) is currently 29.59%.

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.

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

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