GSB Wealth Management LLC purchased a new stake in J P Morgan Chase & Co (NYSE:JPM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,246 shares of the financial services provider’s stock, valued at approximately $205,000.

Other institutional investors also recently added to or reduced their stakes in the company. Atlantic Trust LLC purchased a new stake in J P Morgan Chase & Co during the 2nd quarter worth approximately $136,000. Ullmann Financial Group Inc. purchased a new stake in J P Morgan Chase & Co during the 1st quarter worth approximately $148,000. Northwest Investment Counselors LLC purchased a new stake in J P Morgan Chase & Co during the 2nd quarter worth approximately $165,000. Capital Advisors Ltd. LLC increased its stake in J P Morgan Chase & Co by 53.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after buying an additional 670 shares during the period. Finally, Tortoise Investment Management LLC increased its stake in J P Morgan Chase & Co by 59.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,959 shares of the financial services provider’s stock worth $179,000 after buying an additional 731 shares during the period. 73.93% of the stock is currently owned by institutional investors and hedge funds.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction 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 completion of 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 SEC, which is available at this link. Corporate insiders own 0.88% of the company’s stock.

Shares of J P Morgan Chase & Co (JPM) traded up $1.48 during trading on Friday, hitting $106.14. 29,350,126 shares of the stock traded hands, compared to its average volume of 13,738,846. J P Morgan Chase & Co has a fifty-two week low of $81.64 and a fifty-two week high of $108.40. 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 firm has a market cap of $363,141.53, a PE ratio of 15.08, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22.

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. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The business had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. During the same quarter in the prior year, the business posted $1.58 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. analysts expect that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Thursday, January 4th. J P Morgan Chase & Co’s payout ratio is 32.28%.

Several equities research analysts recently weighed in on the stock. Jefferies Group set a $111.00 target price on shares of J P Morgan Chase & Co and gave the stock a “buy” rating in a research note on Friday, October 13th. Keefe, Bruyette & Woods set a $96.00 target price on shares of J P Morgan Chase & Co and gave the stock a “hold” rating in a research note on Saturday, August 19th. Vetr upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price target for the company in a report on Wednesday, September 6th. BMO Capital Markets boosted their price target on shares of J P Morgan Chase & Co from $86.00 to $91.00 and gave the stock a “market perform” rating in a report on Friday, October 13th. Finally, Zacks Investment Research cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $92.18.

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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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