Quotient Investors LLC decreased its holdings in shares of J P Morgan Chase & Co (NYSE:JPM) by 60.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,857 shares of the financial services provider’s stock after selling 15,200 shares during the quarter. Quotient Investors LLC’s holdings in J P Morgan Chase & Co were worth $941,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in JPM. Private Vista LLC acquired a new stake in J P Morgan Chase & Co during the 2nd quarter valued at $102,000. Atlantic Trust LLC acquired a new stake in shares of J P Morgan Chase & Co during the second quarter worth $136,000. Northwest Investment Counselors LLC acquired a new stake in shares of J P Morgan Chase & Co during the second quarter worth $165,000. Capital Advisors Ltd. LLC lifted its holdings in shares of J P Morgan Chase & Co by 53.0% during the second quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after buying an additional 670 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in shares of J P Morgan Chase & Co by 59.5% during the second quarter. Tortoise Investment Management LLC now owns 1,959 shares of the financial services provider’s stock worth $179,000 after buying an additional 731 shares in the last quarter. 73.93% of the stock is owned by institutional investors and hedge funds.
In related news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction dated 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 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 can be accessed through the SEC website. 0.88% of the stock is owned by insiders.
J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.09. The business had revenue of $25.33 billion during the quarter, compared to the consensus estimate of $24.91 billion. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. J P Morgan Chase & Co’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 earnings per share. equities analysts expect that J P Morgan Chase & Co will post 6.91 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, January 4th. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 32.28%.
A number of equities research analysts have recently weighed in on the company. Deutsche Bank downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating and lifted their target price for the stock from $90.00 to $96.00 in a report on Tuesday, September 26th. Citigroup lifted their target price on J P Morgan Chase & Co from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, October 6th. Oppenheimer reissued a “hold” rating on shares of J P Morgan Chase & Co in a report on Thursday, October 12th. Robert W. Baird lifted their target price on J P Morgan Chase & Co from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Finally, Jefferies Group set a $111.00 target price on J P Morgan Chase & Co and gave the stock a “buy” rating in a report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $92.18.
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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