Conning Inc. reduced its stake in J P Morgan Chase & Co (NYSE:JPM) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 109,125 shares of the financial services provider’s stock after selling 982 shares during the period. Conning Inc.’s holdings in J P Morgan Chase & Co were worth $9,974,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Trillium Asset Management LLC increased its holdings in J P Morgan Chase & Co by 6.6% in the 2nd quarter. Trillium Asset Management LLC now owns 4,105 shares of the financial services provider’s stock valued at $375,000 after acquiring an additional 253 shares during the last quarter. QV Investors Inc. increased its holdings in J P Morgan Chase & Co by 1.4% in the 2nd quarter. QV Investors Inc. now owns 23,975 shares of the financial services provider’s stock valued at $2,191,000 after acquiring an additional 340 shares during the last quarter. S. R. Schill & Associates increased its holdings in J P Morgan Chase & Co by 0.6% in the 2nd quarter. S. R. Schill & Associates now owns 9,768 shares of the financial services provider’s stock valued at $893,000 after acquiring an additional 63 shares during the last quarter. Rational Advisors LLC increased its holdings in J P Morgan Chase & Co by 28.9% in the 2nd quarter. Rational Advisors LLC now owns 26,810 shares of the financial services provider’s stock valued at $2,451,000 after acquiring an additional 6,010 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. increased its holdings in J P Morgan Chase & Co by 4.1% in the 2nd quarter. Pinnacle Financial Partners Inc. now owns 103,325 shares of the financial services provider’s stock valued at $9,444,000 after acquiring an additional 4,097 shares during the last quarter. Institutional investors own 78.97% of the company’s stock.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the business’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 transaction, the general counsel now owns 15,279 shares in the company, valued at approximately $1,557,846.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.88% of the company’s stock.

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods restated a “hold” rating on shares of J P Morgan Chase & Co in a report on Wednesday, October 11th. Deutsche Bank AG downgraded shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and boosted their target price for the stock from $90.00 to $96.00 in a report on Tuesday, September 26th. Robert W. Baird restated a “hold” rating and issued a $88.00 target price on shares of J P Morgan Chase & Co in a report on Thursday, September 21st. Zacks Investment Research downgraded shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, Vetr upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 target price on the stock in a report on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $92.18.

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J P Morgan Chase & Co (JPM) opened at $98.14 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $340,518.91, a P/E ratio of 14.14, a P/E/G ratio of 2.13 and a beta of 1.22. J P Morgan Chase & Co has a 52 week low of $77.29 and a 52 week high of $102.42.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Thursday, October 5th. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s payout ratio is 32.28%.

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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