Lincoln Capital Corp Has $3.45 Million Stake in J P Morgan Chase & Co (JPM)

Lincoln Capital Corp lifted its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 4.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,093 shares of the financial services provider’s stock after acquiring an additional 1,638 shares during the quarter. J P Morgan Chase & Co makes up 3.1% of Lincoln Capital Corp’s holdings, making the stock its 16th biggest holding. Lincoln Capital Corp’s holdings in J P Morgan Chase & Co were worth $3,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Locust Wood Capital Advisers LLC grew its stake in J P Morgan Chase & Co by 0.4% during the third quarter. Locust Wood Capital Advisers LLC now owns 475,224 shares of the financial services provider’s stock worth $45,389,000 after purchasing an additional 2,015 shares during the period. Lynch & Associates IN grew its stake in J P Morgan Chase & Co by 22.6% during the third quarter. Lynch & Associates IN now owns 21,047 shares of the financial services provider’s stock worth $2,010,000 after purchasing an additional 3,875 shares during the period. Mutual of America Capital Management LLC grew its stake in J P Morgan Chase & Co by 2.4% during the third quarter. Mutual of America Capital Management LLC now owns 497,643 shares of the financial services provider’s stock worth $47,530,000 after purchasing an additional 11,776 shares during the period. PGGM Investments grew its stake in J P Morgan Chase & Co by 3.9% during the third quarter. PGGM Investments now owns 2,412,482 shares of the financial services provider’s stock worth $230,416,000 after purchasing an additional 90,968 shares during the period. Finally, Quantitative Systematic Strategies LLC grew its stake in J P Morgan Chase & Co by 81.5% during the third quarter. Quantitative Systematic Strategies LLC now owns 6,607 shares of the financial services provider’s stock worth $631,000 after purchasing an additional 2,967 shares during the period. Institutional investors own 73.75% of the company’s stock.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction that occurred 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 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.88% of the stock is owned by company insiders.

J P Morgan Chase & Co (JPM) opened at $106.51 on Wednesday. J P Morgan Chase & Co has a fifty-two week low of $81.64 and a fifty-two week high of $108.40. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $369,560.00, a P/E ratio of 15.29, a PEG ratio of 2.30 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 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 for the quarter, compared to analyst estimates of $24.91 billion. During the same quarter last year, the company earned $1.58 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. sell-side analysts forecast that J P Morgan Chase & Co will post 6.91 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be issued a $0.56 dividend. The ex-dividend date is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.10%. J P Morgan Chase & Co’s dividend payout ratio is presently 32.14%.

Several equities research analysts recently commented on JPM shares. Zacks Investment Research raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research note on Thursday, August 24th. BMO Capital Markets reaffirmed a “hold” rating and set a $86.00 target price on shares of J P Morgan Chase & Co in a research note on Friday, August 25th. Vetr raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 target price for the company in a research note on Wednesday, September 6th. Jefferies Group reaffirmed a “buy” rating and set a $102.00 target price on shares of J P Morgan Chase & Co in a research note on Friday, September 15th. Finally, Robert W. Baird reissued a “hold” rating and issued a $88.00 price objective on shares of J P Morgan Chase & Co in a research note on Thursday, September 21st. Three investment 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. The company presently has an average 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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