McQueen Ball & Associates Inc. increased its position in J P Morgan Chase & Co (NYSE:JPM) by 3.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,596 shares of the financial services provider’s stock after buying an additional 1,398 shares during the quarter. J P Morgan Chase & Co accounts for approximately 2.4% of McQueen Ball & Associates Inc.’s investment portfolio, making the stock its 5th largest position. McQueen Ball & Associates Inc.’s holdings in J P Morgan Chase & Co were worth $3,782,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in JPM. Janus Henderson Group PLC increased its stake in shares of J P Morgan Chase & Co by 517.3% in the second quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock valued at $507,632,000 after buying an additional 4,654,113 shares during the period. Alliancebernstein L.P. increased its stake in shares of J P Morgan Chase & Co by 29.2% in the second quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock valued at $1,595,542,000 after buying an additional 3,945,948 shares during the period. Vanguard Group Inc. increased its stake in shares of J P Morgan Chase & Co by 1.5% in the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after buying an additional 3,717,683 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of J P Morgan Chase & Co by 40.8% in the second quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock valued at $892,886,000 after buying an additional 2,828,726 shares during the period. Finally, Harbour Capital Advisors LLC increased its stake in shares of J P Morgan Chase & Co by 8,767.4% in the second quarter. Harbour Capital Advisors LLC now owns 2,794,464 shares of the financial services provider’s stock valued at $30,574,000 after buying an additional 2,762,950 shares during the period. 73.93% of the stock is owned by institutional investors.

JPM has been the subject of several recent research reports. Credit Suisse Group reaffirmed a “buy” rating and issued a $110.00 price objective (up previously 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. Vetr upgraded 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. Jefferies Group reiterated a “buy” rating and issued a $102.00 target price on shares of J P Morgan Chase & Co in a report on Friday, September 15th. Zacks Investment Research upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Thursday, August 24th. Finally, Bank of America set a $102.00 target price on J P Morgan Chase & Co and gave the company a “buy” rating in a report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $92.18.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the 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 transaction, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.88% of the stock is currently owned by corporate insiders.

J P Morgan Chase & Co (JPM) opened at $106.14 on Monday. The stock has a market capitalization of $368,276.72, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 2.30 and a beta of 1.22. J P Morgan Chase & Co has a twelve month low of $81.64 and a twelve month high of $108.40. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.09. The firm had revenue of $25.33 billion for the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.58 EPS. sell-side analysts anticipate that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.

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

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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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