J P Morgan Chase & Co (NYSE:JPM) Position Lowered by James Investment Research Inc.

James Investment Research Inc. lowered its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 1.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 794,969 shares of the financial services provider’s stock after selling 14,852 shares during the period. J P Morgan Chase & Co makes up 2.0% of James Investment Research Inc.’s holdings, making the stock its largest position. James Investment Research Inc.’s holdings in J P Morgan Chase & Co were worth $69,831,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Pacific Center for Financial Services purchased a new position in shares of J P Morgan Chase & Co during the fourth quarter valued at approximately $106,000. Northwest Quadrant Wealth Management LLC purchased a new position in shares of J P Morgan Chase & Co during the fourth quarter valued at approximately $125,000. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of J P Morgan Chase & Co during the fourth quarter valued at approximately $125,000. Glacier Peak Capital LLC purchased a new position in shares of J P Morgan Chase & Co during the fourth quarter valued at approximately $129,000. Finally, Tortoise Investment Management LLC raised its position in shares of J P Morgan Chase & Co by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock valued at $136,000 after buying an additional 1,283 shares during the period. Hedge funds and other institutional investors own 74.12% of the company’s stock.

Shares of J P Morgan Chase & Co (NYSE:JPM) opened at 92.80 on Wednesday. J P Morgan Chase & Co has a 12-month low of $63.38 and a 12-month high of $94.51. The firm has a 50 day moving average price of $89.27 and a 200-day moving average price of $87.81. The company has a market cap of $326.56 billion, a price-to-earnings ratio of 13.69 and a beta of 1.19.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.23. The company had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $1.55 EPS. On average, equities analysts expect that J P Morgan Chase & Co will post $6.81 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.16%. The ex-dividend date is Monday, July 3rd. J P Morgan Chase & Co’s dividend payout ratio is currently 29.59%.

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Several research firms recently issued reports on JPM. Vetr lowered J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price target on the stock. in a research report on Monday, May 15th. UBS AG restated a “buy” rating and set a $101.00 price target on shares of J P Morgan Chase & Co in a research report on Monday, May 15th. Keefe, Bruyette & Woods restated a “hold” rating and set a $92.00 price target on shares of J P Morgan Chase & Co in a research report on Wednesday, June 7th. Guggenheim upgraded J P Morgan Chase & Co from a “neutral” rating to a “buy” rating and raised their price target for the stock from $88.25 to $96.00 in a research report on Tuesday, April 25th. Finally, Vining Sparks upgraded J P Morgan Chase & Co to an “outperform” rating and set a $95.00 price target on the stock in a research report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $85.43.

In other news, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 6,514 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $87.21, for a total value of $568,085.94. Following the sale, the insider now owns 47,384 shares in the company, valued at $4,132,358.64. The disclosure for this sale can be found here. Insiders have sold a total of 25,110 shares of company stock worth $2,270,818 over the last ninety days. 0.85% of the stock is owned by 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.

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

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