LeJeune Puetz Investment Counsel LLC cut its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,882 shares of the financial services provider’s stock after selling 1,200 shares during the quarter. J P Morgan Chase & Co comprises about 2.3% of LeJeune Puetz Investment Counsel LLC’s investment portfolio, making the stock its 4th largest position. LeJeune Puetz Investment Counsel LLC’s holdings in J P Morgan Chase & Co were worth $3,462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of JPM. Pacific Center for Financial Services grew its stake in J P Morgan Chase & Co by 14.5% in the 1st quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 177 shares during the last quarter. Ullmann Financial Group Inc. acquired a new stake in J P Morgan Chase & Co in the 1st quarter valued at about $148,000. Northwest Investment Counselors LLC acquired a new stake in J P Morgan Chase & Co in the 2nd quarter valued at about $165,000. Cordasco Financial Network grew its stake in J P Morgan Chase & Co by 496.7% in the 2nd quarter. Cordasco Financial Network now owns 2,333 shares of the financial services provider’s stock valued at $213,000 after acquiring an additional 1,942 shares during the last quarter. Finally, Mascoma Wealth Management LLC grew its stake in J P Morgan Chase & Co by 3.1% in the 2nd quarter. Mascoma Wealth Management LLC now owns 2,440 shares of the financial services provider’s stock valued at $223,000 after acquiring an additional 73 shares during the last quarter. 77.89% of the stock is currently owned by institutional investors and hedge funds.

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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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 9,968 shares of the business’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 sale, 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. Over the last 90 days, insiders have sold 28,564 shares of company stock worth $2,605,334. 0.88% of the stock is currently owned by company insiders.

JPM has been the topic of several analyst reports. Deutsche Bank AG cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and raised their price target for the stock from $90.00 to $96.00 in a research note on Tuesday, September 26th. Robert W. Baird reaffirmed a “hold” rating and set a $88.00 price target on shares of J P Morgan Chase & Co in a research note on Thursday, September 21st. Zacks Investment Research cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. BidaskClub raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Finally, Vetr raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price target on the stock in a research note on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $88.87.

J P Morgan Chase & Co (NYSE:JPM) traded down 0.293% during trading on Wednesday, reaching $96.845. 6,614,990 shares of the company’s stock were exchanged. J P Morgan Chase & Co has a 52-week low of $66.74 and a 52-week high of $97.64. The stock’s 50-day moving average price is $93.07 and its 200-day moving average price is $89.60. The company has a market capitalization of $340.79 billion, a price-to-earnings ratio of 14.305 and a beta of 1.18.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. The business had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. J P Morgan Chase & Co’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 earnings per share. Equities analysts expect that J P Morgan Chase & Co will post $6.80 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th will be given a dividend of $0.56 per share. The ex-dividend date is Thursday, October 5th. This is a boost 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 2.31%. J P Morgan Chase & Co’s payout ratio is currently 33.14%.

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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