Legal & General Group Plc raised its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,769,351 shares of the financial services provider’s stock after buying an additional 369,878 shares during the period. J P Morgan Chase & Co comprises about 1.3% of Legal & General Group Plc’s holdings, making the stock its 6th largest holding. Legal & General Group Plc owned about 0.50% of J P Morgan Chase & Co worth $1,624,143,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. David R. Rahn & Associates Inc. acquired a new stake in shares of J P Morgan Chase & Co in the second quarter valued at $1,458,000. Ironwood Investment Management LLC raised its stake in shares of J P Morgan Chase & Co by 61.9% in the second 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 in the last quarter. Gamble Jones Investment Counsel raised its stake in shares of J P Morgan Chase & Co by 0.6% in the second 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 in the last quarter. Grove Bank & Trust raised its stake in shares of J P Morgan Chase & Co by 16.9% in the second 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 in the last quarter. Finally, Lee Danner & Bass Inc. raised its stake in shares of J P Morgan Chase & Co by 0.4% in the second 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 in the last quarter. Institutional investors and hedge funds own 78.59% of the company’s stock.

Shares of J P Morgan Chase & Co (NYSE:JPM) opened at $98.64 on Thursday. 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 has a 52 week low of $77.89 and a 52 week high of $102.42. The company has a market capitalization of $343,259.97, a P/E ratio of 14.26, 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The firm had revenue of $25.33 billion during the quarter, compared to the consensus estimate of $24.91 billion. During the same period in the previous year, the firm posted $1.58 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. research analysts expect that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were given a dividend of $0.56 per share. This is an increase from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Thursday, October 5th. J P Morgan Chase & Co’s payout ratio is currently 32.28%.

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 completion of the transaction, the general counsel now directly 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 is available at the SEC website. Insiders own 0.88% of the company’s stock.

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Several analysts have recently issued reports on JPM shares. Zacks Investment Research cut J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub cut J P Morgan Chase & Co from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Berenberg Bank set a $65.00 price objective on J P Morgan Chase & Co and gave the company a “sell” rating in a research note on Thursday, August 3rd. Wells Fargo & Company assumed coverage on J P Morgan Chase & Co in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $110.00 price target on the stock. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $95.00 price target on shares of J P Morgan Chase & Co in a research note on Friday, August 18th. Three equities 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 company’s stock. J P Morgan Chase & Co presently has a consensus rating of “Hold” and a consensus price target of $92.18.

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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