Pekin Singer Strauss Asset Management IL boosted its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 14.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 21,983 shares of the financial services provider’s stock after purchasing an additional 2,717 shares during the quarter. Pekin Singer Strauss Asset Management IL’s holdings in J P Morgan Chase & Co were worth $2,009,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Pacific Center for Financial Services grew its position in J P Morgan Chase & Co by 14.5% during the 1st quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 177 shares during the last quarter. Ullmann Financial Group Inc. purchased a new stake in shares of J P Morgan Chase & Co during the 1st quarter valued at about $148,000. Northwest Investment Counselors LLC purchased a new stake in shares of J P Morgan Chase & Co during the 2nd quarter valued at about $165,000. Capital Advisors Ltd. LLC boosted its holdings in shares of 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 valued at $177,000 after acquiring an additional 670 shares during the last quarter. Finally, Rice Hall James & Associates LLC purchased a new stake in shares of J P Morgan Chase & Co during the 2nd quarter valued at about $188,000. 78.97% of the stock is currently owned by institutional investors.
In related news, General Counsel Stacey Friedman sold 2,099 shares of the firm’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 directly owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.88% of the company’s stock.
J P Morgan Chase & Co (NYSE JPM) opened at $97.27 on Wednesday. J P Morgan Chase & Co has a fifty-two week low of $76.88 and a fifty-two week high of $102.42. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $339,547.38, a price-to-earnings ratio of 14.10, a P/E/G ratio of 2.12 and a beta of 1.22.
J P Morgan Chase & Co (NYSE:JPM) last posted its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $25.33 billion during the quarter, compared to analyst estimates of $24.91 billion. During the same period last year, the firm posted $1.58 earnings per share. J P Morgan Chase & Co’s revenue for the quarter was up 2.6% compared to the same quarter last year. research analysts predict that J P Morgan Chase & Co will post 6.91 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were issued a $0.56 dividend. The ex-dividend date was Thursday, October 5th. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.30%. J P Morgan Chase & Co’s dividend payout ratio (DPR) is 32.28%.
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A number of analysts have recently issued reports on JPM shares. Barclays PLC raised their price target on shares of J P Morgan Chase & Co from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Keefe, Bruyette & Woods set a $96.00 price target on shares of J P Morgan Chase & Co and gave the company a “hold” rating in a report on Saturday, August 19th. Credit Suisse Group reaffirmed a “buy” rating and set a $110.00 price target (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 Holdings, Inc. reaffirmed a “hold” rating on shares of J P Morgan Chase & Co in a report on Thursday, October 12th. Finally, Morgan Stanley raised their price target on shares of J P Morgan Chase & Co from $99.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $92.18.
About J P Morgan Chase & Co
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.
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