BARING ASSET MANAGEMENT Ltd lifted its stake in J P Morgan Chase & Co (NYSE:JPM) by 6.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,496 shares of the financial services provider’s stock after purchasing an additional 4,042 shares during the quarter. BARING ASSET MANAGEMENT Ltd’s holdings in J P Morgan Chase & Co were worth $6,078,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of JPM. Harbour Capital Advisors LLC increased its holdings in shares of J P Morgan Chase & Co by 8,767.4% in the second quarter. Harbour Capital Advisors LLC now owns 2,794,464 shares of the financial services provider’s stock valued at $30,574,000 after purchasing an additional 2,762,950 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of J P Morgan Chase & Co in the first quarter valued at approximately $140,124,000. State Street Corp increased its holdings in shares of J P Morgan Chase & Co by 0.8% in the first 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. Pioneer Investment Management Inc. increased its holdings in shares of J P Morgan Chase & Co by 22.2% in the first 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, Hexavest Inc. increased its holdings in shares of J P Morgan Chase & Co by 33,815.1% in the second quarter. Hexavest Inc. now owns 904,516 shares of the financial services provider’s stock valued at $82,673,000 after purchasing an additional 901,849 shares during the last quarter. 78.59% of the stock is owned by hedge funds and other institutional investors.

Shares of J P Morgan Chase & Co (NYSE JPM) opened at $98.64 on Thursday. J P Morgan Chase & Co has a twelve month low of $77.89 and a twelve month high of $102.42. The firm has a market capitalization of $343,259.97, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 2.15 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data 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 in the previous year, the company earned $1.58 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. equities research analysts forecast that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were paid a dividend of $0.56 per share. This is a positive change 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 dividend yield of 2.27%. J P Morgan Chase & Co’s payout ratio is 32.28%.

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In other news, General Counsel Stacey Friedman sold 2,099 shares of the business’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 transaction of $214,014.04. Following 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.88% of the stock is owned by insiders.

Several research firms recently commented on JPM. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $105.00 price target on shares of J P Morgan Chase & Co in a report on Wednesday, November 15th. Wells Fargo & Company increased their price objective on J P Morgan Chase & Co from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Barclays PLC increased their price objective on J P Morgan Chase & Co from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Nomura increased their price objective on J P Morgan Chase & Co from $87.00 to $91.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. Finally, Bank of America Corporation set a $102.00 price objective on J P Morgan Chase & Co and gave the stock a “buy” rating in a research report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have given 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.

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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