Dupont Capital Management Corp increased its position in J P Morgan Chase & Co (NYSE:JPM) by 10.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 502,981 shares of the financial services provider’s stock after purchasing an additional 46,049 shares during the period. J P Morgan Chase & Co accounts for 1.0% of Dupont Capital Management Corp’s portfolio, making the stock its 10th biggest position. Dupont Capital Management Corp’s holdings in J P Morgan Chase & Co were worth $45,972,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of JPM. Pacific Center for Financial Services grew its stake in shares of J P Morgan Chase & Co by 14.5% in the first quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 177 shares during the last quarter. Ullmann Financial Group Inc. purchased a new stake in shares of J P Morgan Chase & Co in the first quarter worth $148,000. Northwest Investment Counselors LLC purchased a new stake in shares of J P Morgan Chase & Co in the second quarter worth $165,000. Capital Advisors Ltd. LLC grew its stake in shares of J P Morgan Chase & Co by 53.0% in the second quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 670 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its stake in shares of J P Morgan Chase & Co by 59.5% in the second quarter. Tortoise Investment Management LLC now owns 1,959 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 731 shares during the last quarter. 78.59% of the stock is currently owned by institutional investors.

Shares of J P Morgan Chase & Co (JPM) opened at $98.14 on Monday. The stock has a market capitalization 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 12 month low of $77.29 and a 12 month high of $102.42. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03.

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

The firm also recently announced 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 yield of 2.28%. The ex-dividend date 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 32.28%.

TRADEMARK VIOLATION WARNING: This article was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://www.thecerbatgem.com/2017/11/20/dupont-capital-management-corp-has-45-97-million-position-in-j-p-morgan-chase-co-jpm.html.

JPM has been the topic of a number of recent research reports. Royal Bank Of Canada reissued a “buy” rating and issued a $95.00 target price on shares of J P Morgan Chase & Co in a research note on Friday, August 18th. Zacks Investment Research raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Monday, July 31st. Vetr raised 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 research note on Wednesday, September 6th. Jefferies Group LLC reissued a “buy” rating and issued a $102.00 target price on shares of J P Morgan Chase & Co in a research note on Friday, September 15th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $110.00 target price (up from $103.00) on shares of J P Morgan Chase & Co in a research note on Monday, October 9th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have assigned a buy rating to the stock. J P Morgan Chase & Co has an average rating of “Hold” and a consensus target price of $92.18.

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

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)

Receive News & Stock Ratings for J P Morgan Chase & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J P Morgan Chase & Co and related stocks with our FREE daily email newsletter.