Bank of New York Mellon Corp reduced its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 5.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,293,150 shares of the financial services provider’s stock after selling 2,454,579 shares during the quarter. J P Morgan Chase & Co makes up about 1.0% of Bank of New York Mellon Corp’s holdings, making the stock its 9th biggest holding. Bank of New York Mellon Corp owned about 1.12% of J P Morgan Chase & Co worth $3,591,393,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Proficio Capital Partners LLC raised its holdings in J P Morgan Chase & Co by 6.8% during the 2nd quarter. Proficio Capital Partners LLC now owns 4,325 shares of the financial services provider’s stock valued at $403,000 after buying an additional 274 shares during the last quarter. Alps Advisors Inc. increased its position in J P Morgan Chase & Co by 8.7% during the 2nd quarter. Alps Advisors Inc. now owns 12,858 shares of the financial services provider’s stock valued at $1,175,000 after purchasing an additional 1,025 shares during the period. Robshaw & Julian Associates Inc. increased its position in J P Morgan Chase & Co by 1.2% during the 2nd quarter. Robshaw & Julian Associates Inc. now owns 73,600 shares of the financial services provider’s stock valued at $6,690,000 after purchasing an additional 900 shares during the period. Arcadia Investment Management Corp MI increased its position in J P Morgan Chase & Co by 1.1% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 6,935 shares of the financial services provider’s stock valued at $634,000 after purchasing an additional 75 shares during the period. Finally, SFE Investment Counsel increased its position in J P Morgan Chase & Co by 13.4% during the 2nd quarter. SFE Investment Counsel now owns 6,270 shares of the financial services provider’s stock valued at $573,000 after purchasing an additional 742 shares during the period. Institutional investors own 78.59% of the company’s stock.

A number of brokerages have issued reports on JPM. Wells Fargo & Company boosted their price objective on shares of J P Morgan Chase & Co from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Royal Bank Of Canada reissued a “buy” rating and set a $105.00 price objective on shares of J P Morgan Chase & Co in a research report on Wednesday, November 15th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of J P Morgan Chase & Co in a research report on Wednesday, October 11th. Citigroup Inc. boosted their price objective on shares of J P Morgan Chase & Co from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Friday, October 6th. Finally, Credit Suisse Group reissued a “buy” rating and set a $110.00 price objective (up from $103.00) on shares of J P Morgan Chase & Co in a research report on Monday, October 9th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. J P Morgan Chase & Co currently has a consensus rating of “Hold” and an average price target of $92.18.

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J P Morgan Chase & Co (NYSE:JPM) opened at $98.93 on Wednesday. J P Morgan Chase & Co has a one year low of $77.76 and a one 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 $343,537.56, a P/E ratio of 14.27, a PEG ratio of 2.15 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. During the same quarter in the prior year, the business earned $1.58 EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. research analysts expect that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.

The firm also recently disclosed 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 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Thursday, October 5th. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s dividend payout ratio is 32.28%.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the transaction, the general counsel now owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is owned by corporate insiders.

J P Morgan Chase & Co Company 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.

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Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

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