Aveo Capital Partners LLC decreased its holdings in shares of J P Morgan Chase & Co (NYSE:JPM) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,038 shares of the financial services provider’s stock after selling 35 shares during the period. Aveo Capital Partners LLC’s holdings in J P Morgan Chase & Co were worth $278,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Consolidated Investment Group LLC raised its holdings in J P Morgan Chase & Co by 30.3% during the second quarter. Consolidated Investment Group LLC now owns 42,992 shares of the financial services provider’s stock worth $3,929,000 after purchasing an additional 10,000 shares in the last quarter. Summit Financial Group Inc. purchased a new position in J P Morgan Chase & Co during the second quarter worth about $848,000. Joel Isaacson & Co. LLC raised its holdings in J P Morgan Chase & Co by 2.5% during the second quarter. Joel Isaacson & Co. LLC now owns 23,848 shares of the financial services provider’s stock worth $2,180,000 after purchasing an additional 583 shares in the last quarter. Shine Investment Advisory Services Inc. raised its holdings in J P Morgan Chase & Co by 38.8% during the second quarter. Shine Investment Advisory Services Inc. now owns 3,674 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 1,027 shares in the last quarter. Finally, Global X Management Co. LLC raised its holdings in J P Morgan Chase & Co by 8.9% during the second quarter. Global X Management Co. LLC now owns 36,361 shares of the financial services provider’s stock worth $3,323,000 after purchasing an additional 2,983 shares in the last quarter. Institutional investors and hedge funds own 77.94% of the company’s stock.

J P Morgan Chase & Co (NYSE:JPM) opened at $98.75 on Wednesday. J P Morgan Chase & Co has a 1-year low of $69.00 and a 1-year high of $102.42. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. The firm has a market cap of $349,678.97, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The business had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 billion. During the same quarter last year, the firm posted $1.58 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. equities research analysts expect that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was 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 currently 32.28%.

Several research analysts recently issued reports on JPM shares. BidaskClub cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Credit Suisse Group increased their price target on shares of J P Morgan Chase & Co from $102.00 to $103.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. Bank of America Corporation reissued a “buy” rating and set a $99.00 price target on shares of J P Morgan Chase & Co in a report on Monday, July 17th. Zacks Investment Research raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a report on Tuesday, July 18th. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of J P Morgan Chase & Co in a report on Friday, July 21st. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have issued a buy rating to the stock. J P Morgan Chase & Co presently has an average rating of “Hold” and a consensus price target of $91.83.

In other news, General Counsel Stacey Friedman sold 9,968 shares of the firm’s stock in a transaction 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 transaction, the general counsel now owns 10,527 shares of the company’s stock, valued at approximately $953,219.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.88% of the company’s stock.

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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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