Aspiriant LLC Has $5.16 Million Holdings in J P Morgan Chase & Co (JPM)

Aspiriant LLC decreased its holdings in J P Morgan Chase & Co (NYSE:JPM) by 6.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,423 shares of the financial services provider’s stock after selling 3,897 shares during the quarter. Aspiriant LLC’s holdings in J P Morgan Chase & Co were worth $5,157,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. State Street Corp grew its holdings in shares of J P Morgan Chase & Co by 0.8% during the 1st quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock valued at $14,979,775,000 after purchasing an additional 1,357,194 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of J P Morgan Chase & Co by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 17,769,351 shares of the financial services provider’s stock valued at $1,624,143,000 after purchasing an additional 369,878 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of J P Morgan Chase & Co by 3.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 12,241,448 shares of the financial services provider’s stock valued at $1,118,869,000 after purchasing an additional 424,317 shares during the last quarter. Pioneer Investment Management Inc. grew its holdings in shares of J P Morgan Chase & Co by 22.2% during the 1st quarter. Pioneer Investment Management Inc. now owns 7,402,919 shares of the financial services provider’s stock valued at $650,272,000 after purchasing an additional 1,344,295 shares during the last quarter. Finally, Swedbank grew its holdings in shares of J P Morgan Chase & Co by 19.0% during the 1st quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock valued at $462,130,000 after purchasing an additional 840,518 shares during the last quarter. Institutional investors and hedge funds own 78.59% of the company’s stock.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the transaction, the general counsel now owns 15,279 shares in the company, valued at $1,557,846.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.88% of the company’s stock.

J P Morgan Chase & Co (JPM) opened at $98.64 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. J P Morgan Chase & Co has a 1 year low of $77.89 and a 1 year high of $102.42. The stock has a market cap of $343,502.84, a price-to-earnings ratio of 14.27, a P/E/G ratio of 2.15 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 billion. During the same quarter in the previous year, the company earned $1.58 EPS. J P Morgan Chase & Co’s quarterly revenue was up 2.6% compared to the same quarter last year. research analysts expect that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were issued a dividend of $0.56 per share. This is an increase 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 2.27%. J P Morgan Chase & Co’s dividend payout ratio is presently 32.28%.

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of J P Morgan Chase & Co from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $105.00 price target on shares of J P Morgan Chase & Co in a report on Wednesday, November 15th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of J P Morgan Chase & Co in a report on Wednesday, October 11th. Citigroup Inc. lifted their price target on shares of J P Morgan Chase & Co from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, October 6th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $110.00 price target (up 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. 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 stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $92.18.

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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.

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

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