J P Morgan Chase & Co (JPM) Holdings Boosted by Perennial Advisors LLC

Perennial Advisors LLC boosted its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 6.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,027 shares of the financial services provider’s stock after purchasing an additional 2,140 shares during the period. J P Morgan Chase & Co accounts for 2.4% of Perennial Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Perennial Advisors LLC’s holdings in J P Morgan Chase & Co were worth $3,293,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc grew its holdings in shares of J P Morgan Chase & Co by 1.3% during the 2nd quarter. IFP Advisors Inc now owns 172,820 shares of the financial services provider’s stock valued at $15,796,000 after acquiring an additional 2,187 shares in the last quarter. NewFocus Financial Group LLC purchased a new position in shares of J P Morgan Chase & Co during the 2nd quarter valued at $1,337,000. Capital Investment Advisory Services LLC grew its holdings in shares of J P Morgan Chase & Co by 4.0% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 2,846 shares of the financial services provider’s stock valued at $260,000 after acquiring an additional 110 shares in the last quarter. Lowe Brockenbrough & Co. Inc. grew its holdings in shares of J P Morgan Chase & Co by 1.2% during the 2nd quarter. Lowe Brockenbrough & Co. Inc. now owns 183,208 shares of the financial services provider’s stock valued at $16,745,000 after acquiring an additional 2,132 shares in the last quarter. Finally, Korea Investment CORP grew its holdings in shares of J P Morgan Chase & Co by 2.4% during the 2nd quarter. Korea Investment CORP now owns 3,351,117 shares of the financial services provider’s stock valued at $306,292,000 after acquiring an additional 79,085 shares in the last quarter. Hedge funds and other institutional investors own 77.86% of the company’s stock.

Several equities analysts have recently commented on JPM shares. Berenberg Bank set a $65.00 price target on shares of J P Morgan Chase & Co and gave the company a “sell” rating in a report on Thursday, August 3rd. Wells Fargo & Company started coverage on shares of J P Morgan Chase & Co in a report on Wednesday, August 9th. They set an “outperform” rating and a $110.00 price target on the stock. Bank of America Corporation set a $102.00 price target on shares of J P Morgan Chase & Co and gave the company a “buy” rating in a report on Friday, October 13th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $93.00 price target on shares of J P Morgan Chase & Co in a report on Thursday, July 6th. Finally, Jefferies Group LLC restated a “buy” rating and set a $102.00 price target on shares of J P Morgan Chase & Co in a report on Friday, September 15th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. J P Morgan Chase & Co currently has a consensus rating of “Hold” and a consensus price target of $91.83.

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 dated 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 sale, the general counsel now owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is owned by insiders.

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 for the quarter, topping 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 previous year, the company earned $1.58 EPS. The business’s revenue was up 2.6% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were paid a $0.56 dividend. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $2.24 annualized dividend and a yield of 2.23%. J P Morgan Chase & Co’s payout ratio is 32.28%.

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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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