Asset Dedication LLC raised its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,587 shares of the financial services provider’s stock after buying an additional 1,158 shares during the quarter. J P Morgan Chase & Co comprises 1.3% of Asset Dedication LLC’s portfolio, making the stock its 22nd biggest holding. Asset Dedication LLC’s holdings in J P Morgan Chase & Co were worth $2,622,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Private Vista LLC purchased a new position in shares of J P Morgan Chase & Co in the 2nd quarter worth approximately $102,000. Atlantic Trust LLC purchased a new position in shares of J P Morgan Chase & Co in the 2nd quarter worth approximately $136,000. Northwest Investment Counselors LLC purchased a new position in shares of J P Morgan Chase & Co in the 2nd quarter worth approximately $165,000. Capital Advisors Ltd. LLC boosted its holdings in shares of J P Morgan Chase & Co by 53.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 670 shares during the period. Finally, Tortoise Investment Management LLC boosted its holdings in shares of J P Morgan Chase & Co by 59.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,959 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 731 shares during the period. Institutional investors and hedge funds own 73.75% of the company’s stock.

Shares of J P Morgan Chase & Co (JPM) opened at $106.14 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $371,121.88, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 2.32 and a beta of 1.22. J P Morgan Chase & Co has a 1 year low of $81.64 and a 1 year high of $108.40.

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 for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.09. The business had revenue of $25.33 billion during the quarter, compared to analyst estimates of $24.91 billion. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. J P Morgan Chase & Co’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.58 EPS. equities research analysts predict that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

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

JPM has been the subject of a number of recent research reports. Barclays lifted their target price on J P Morgan Chase & Co from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Credit Suisse Group reiterated a “buy” rating and issued a $110.00 target price (up previously from $103.00) on shares of J P Morgan Chase & Co in a report on Monday, October 9th. They noted that the move was a valuation call. Oppenheimer reiterated a “hold” rating on shares of J P Morgan Chase & Co in a report on Thursday, October 12th. Morgan Stanley lifted their target price on J P Morgan Chase & Co from $99.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Finally, Wells Fargo & Company set a $120.00 target price on J P Morgan Chase & Co and gave the stock a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $92.35.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of J P Morgan Chase & Co stock in a transaction 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 sale, the general counsel now directly 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 SEC, which is available at the SEC website. Insiders own 0.88% of the company’s stock.

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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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