Horan Capital Advisors LLC. Has $4.23 Million Holdings in J P Morgan Chase & Co (JPM)

Horan Capital Advisors LLC. raised its stake in J P Morgan Chase & Co (NYSE:JPM) by 3.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,223 shares of the financial services provider’s stock after acquiring an additional 1,570 shares during the quarter. J P Morgan Chase & Co makes up approximately 2.9% of Horan Capital Advisors LLC.’s investment portfolio, making the stock its 4th largest position. Horan Capital Advisors LLC.’s holdings in J P Morgan Chase & Co were worth $4,225,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. David R. Rahn & Associates Inc. acquired a new position in shares of J P Morgan Chase & Co during the 2nd quarter worth approximately $1,458,000. Ironwood Investment Management LLC raised its stake in J P Morgan Chase & Co by 61.9% in the 2nd quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 2,550 shares during the last quarter. Gamble Jones Investment Counsel raised its stake in J P Morgan Chase & Co by 0.6% in the 2nd quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock valued at $4,566,000 after purchasing an additional 276 shares during the last quarter. Grove Bank & Trust raised its stake in J P Morgan Chase & Co by 16.9% in the 2nd quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock valued at $895,000 after purchasing an additional 1,417 shares during the last quarter. Finally, Lee Danner & Bass Inc. raised its stake in J P Morgan Chase & Co by 0.4% in the 2nd quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock valued at $1,599,000 after purchasing an additional 69 shares during the last quarter. 78.59% of the stock is owned by institutional investors.

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J P Morgan Chase & Co (JPM) opened at $99.01 on Tuesday. J P Morgan Chase & Co has a 1-year low of $77.29 and a 1-year high of $102.42. The firm has a market capitalization of $343,360.00, a price-to-earnings ratio of 14.14, a PEG ratio of 2.13 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03.

J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The company had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. During the same period in the previous year, the firm posted $1.58 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. equities research analysts anticipate that J P Morgan Chase & Co will post 6.91 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.26%. 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. J P Morgan Chase & Co’s payout ratio is 32.14%.

Several research analysts recently commented on the company. Royal Bank Of Canada reissued a “buy” rating and issued a $105.00 price objective on shares of J P Morgan Chase & Co in a research note on Wednesday, November 15th. Wells Fargo & Company increased their price objective on J P Morgan Chase & Co from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Barclays PLC increased their price objective on J P Morgan Chase & Co from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Nomura upped their target price on J P Morgan Chase & Co from $87.00 to $91.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Finally, Bank of America Corporation 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 analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. J P Morgan Chase & Co presently has an average rating of “Hold” and an average target price of $92.18.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was 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 accessible through this hyperlink. Insiders own 0.88% of the company’s stock.

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

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