Balasa Dinverno & Foltz LLC boosted its holdings in J P Morgan Chase & Co (NYSE:JPM) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,017 shares of the financial services provider’s stock after buying an additional 516 shares during the quarter. Balasa Dinverno & Foltz LLC’s holdings in J P Morgan Chase & Co were worth $1,816,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of JPM. Rothschild Capital Partners LLC raised its holdings in J P Morgan Chase & Co by 0.5% in the 1st quarter. Rothschild Capital Partners LLC now owns 120,841 shares of the financial services provider’s stock valued at $10,615,000 after buying an additional 592 shares during the last quarter. Hennessy Advisors Inc. raised its holdings in J P Morgan Chase & Co by 6.3% in the 1st quarter. Hennessy Advisors Inc. now owns 17,000 shares of the financial services provider’s stock valued at $1,493,000 after buying an additional 1,000 shares during the last quarter. Verity & Verity LLC raised its holdings in J P Morgan Chase & Co by 2.0% in the 1st quarter. Verity & Verity LLC now owns 98,169 shares of the financial services provider’s stock valued at $8,624,000 after buying an additional 1,972 shares during the last quarter. Swedbank raised its holdings in J P Morgan Chase & Co by 19.0% in the 1st quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock valued at $462,130,000 after buying an additional 840,518 shares during the last quarter. Finally, North Star Investment Management Corp. raised its holdings in J P Morgan Chase & Co by 0.7% in the 1st quarter. North Star Investment Management Corp. now owns 267,316 shares of the financial services provider’s stock valued at $23,481,000 after buying an additional 1,779 shares during the last quarter. Institutional investors and hedge funds 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 shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the sale, the general counsel now owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.88% of the company’s stock.

Shares of J P Morgan Chase & Co (NYSE JPM) opened at $106.14 on Thursday. The company has a market cap of $371,121.88, a P/E ratio of 15.41, a PEG ratio of 2.32 and a beta of 1.22. J P Morgan Chase & Co has a 52-week low of $81.64 and a 52-week high of $108.40. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.67 by $0.09. The company 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 net margin of 24.08% and a return on equity of 11.68%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.58 EPS. research analysts expect that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, January 4th. J P Morgan Chase & Co’s dividend payout ratio (DPR) is 32.28%.

JPM has been the subject of a number of recent analyst reports. Barclays increased their target price on shares of J P Morgan Chase & Co from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Credit Suisse Group reissued a “buy” rating and set a $110.00 target price (up previously from $103.00) on shares of J P Morgan Chase & Co in a research report on Monday, October 9th. They noted that the move was a valuation call. Oppenheimer reissued a “hold” rating on shares of J P Morgan Chase & Co in a research report on Thursday, October 12th. Morgan Stanley increased their target price on shares of J P Morgan Chase & Co from $99.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Finally, Wells Fargo & Company set a $120.00 target price on shares of J P Morgan Chase & Co and gave the company a “buy” rating in a research report on Wednesday. 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 company. J P Morgan Chase & Co currently has an average rating of “Hold” and an average price target of $92.35.

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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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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