Mutual of Omaha Bank Wealth Management held its stake in J P Morgan Chase & Co (NYSE:JPM) during the third quarter, Holdings Channel reports. The firm owned 15,763 shares of the financial services provider’s stock at the end of the third quarter. Mutual of Omaha Bank Wealth Management’s holdings in J P Morgan Chase & Co were worth $1,050,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Family Firm Inc. raised its position in J P Morgan Chase & Co by 0.3% in the second quarter. Family Firm Inc. now owns 3,489 shares of the financial services provider’s stock valued at $217,000 after buying an additional 11 shares in the last quarter. Marshwinds Advisory Co. raised its position in J P Morgan Chase & Co by 0.3% in the third quarter. Marshwinds Advisory Co. now owns 4,383 shares of the financial services provider’s stock valued at $292,000 after buying an additional 11 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its position in J P Morgan Chase & Co by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,014 shares of the financial services provider’s stock valued at $125,000 after buying an additional 14 shares in the last quarter. Evanson Asset Management LLC raised its position in J P Morgan Chase & Co by 0.4% in the second quarter. Evanson Asset Management LLC now owns 4,969 shares of the financial services provider’s stock valued at $309,000 after buying an additional 18 shares in the last quarter. Finally, ELM Advisors LLC raised its position in J P Morgan Chase & Co by 0.5% in the third quarter. ELM Advisors LLC now owns 4,013 shares of the financial services provider’s stock valued at $267,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 72.33% of the company’s stock.

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

Shares of J P Morgan Chase & Co (NYSE:JPM) traded up 0.53% during midday trading on Friday, reaching $86.70. The company had a trading volume of 28,295,985 shares. J P Morgan Chase & Co has a 52 week low of $52.50 and a 52 week high of $88.17. The company has a market capitalization of $310.19 billion, a P/E ratio of 14.96 and a beta of 1.54. The company’s 50 day moving average price is $84.82 and its 200-day moving average price is $71.50.

J P Morgan Chase & Co (NYSE:JPM) last posted its earnings results on Friday, January 13th. The financial services provider reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.29. J P Morgan Chase & Co had a return on equity of 10.47% and a net margin of 22.92%. The company had revenue of $24.30 billion for the quarter, compared to the consensus estimate of $23.95 billion. During the same quarter in the previous year, the business earned $1.68 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts predict that J P Morgan Chase & Co will post $5.91 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be given a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, January 4th. This represents a $1.92 dividend on an annualized basis and a yield of 2.21%. J P Morgan Chase & Co’s dividend payout ratio is currently 33.10%.

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Several equities analysts have recently issued reports on JPM shares. Compass Point started coverage on J P Morgan Chase & Co in a research report on Tuesday, October 11th. They issued a “sell” rating for the company. Instinet reissued a “hold” rating and issued a $65.00 target price on shares of J P Morgan Chase & Co in a research report on Wednesday. CLSA reissued a “buy” rating and issued a $79.00 target price on shares of J P Morgan Chase & Co in a research report on Wednesday. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of J P Morgan Chase & Co in a research report on Wednesday. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $88.00 target price (up previously from $77.00) on shares of J P Morgan Chase & Co in a research report on Wednesday, November 30th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-one have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $75.39.

In other J P Morgan Chase & Co news, insider Mark O’donovan sold 4,035 shares of J P Morgan Chase & Co stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $69.05, for a total value of $278,616.75. Following the sale, the insider now owns 6,005 shares in the company, valued at $414,645.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 2,099 shares of J P Morgan Chase & Co stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $69.03, for a total value of $144,893.97. Following the completion of the sale, the general counsel now owns 4,752 shares in the company, valued at approximately $328,030.56. The disclosure for this sale can be found here. 0.85% of the stock is owned by company insiders.

J P Morgan Chase & Co Company 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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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