First Capital Advisors Group LLC. trimmed its position in J P Morgan Chase & Co (NYSE:JPM) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,215 shares of the financial services provider’s stock after selling 480 shares during the period. J P Morgan Chase & Co accounts for approximately 1.2% of First Capital Advisors Group LLC.’s investment portfolio, making the stock its 18th biggest holding. First Capital Advisors Group LLC.’s holdings in J P Morgan Chase & Co were worth $1,756,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. David R. Rahn & Associates Inc. acquired a new position in shares of J P Morgan Chase & Co in the 2nd quarter valued at $1,458,000. Gamble Jones Investment Counsel increased its position in shares of J P Morgan Chase & Co by 0.6% in the 2nd quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock valued at $4,566,000 after acquiring an additional 276 shares during the period. Ironwood Investment Management LLC increased its position in shares of J P Morgan Chase & Co by 61.9% in the 2nd quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock valued at $609,000 after acquiring an additional 2,550 shares during the period. Grove Bank & Trust increased its position in shares of J P Morgan Chase & Co by 16.9% in the 2nd quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock valued at $895,000 after acquiring an additional 1,417 shares during the period. Finally, Lee Danner & Bass Inc. increased its position in shares of J P Morgan Chase & Co by 0.4% in the 2nd quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock valued at $1,599,000 after acquiring an additional 69 shares during the period. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of J P Morgan Chase & Co (JPM) opened at $97.86 on Tuesday. The company has a market cap of $338,332.97, a PE ratio of 14.05, a price-to-earnings-growth ratio of 2.12 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. J P Morgan Chase & Co has a 1-year low of $76.88 and a 1-year high of $102.42.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.29%. 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%.

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In other news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the sale, the general counsel now owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.88% of the stock is owned by company insiders.

JPM has been the topic of several recent research reports. Barclays PLC upped their price target on shares of J P Morgan Chase & Co from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, October 13th. 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 report on Saturday, August 19th. Credit Suisse Group reaffirmed a “buy” rating and issued a $110.00 price target (up from $103.00) on shares of J P Morgan Chase & Co in a report on Monday, October 9th. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of J P Morgan Chase & Co in a report on Thursday, October 12th. Finally, Morgan Stanley upped their price target on shares of J P Morgan Chase & Co from $99.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $91.83.

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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