Chesley Taft & Associates LLC increased its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 87.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 173,671 shares of the financial services provider’s stock after buying an additional 80,939 shares during the quarter. J P Morgan Chase & Co comprises about 1.4% of Chesley Taft & Associates LLC’s portfolio, making the stock its 15th biggest position. Chesley Taft & Associates LLC’s holdings in J P Morgan Chase & Co were worth $15,874,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Leavell Investment Management Inc. increased its holdings in J P Morgan Chase & Co by 13.7% during the 2nd quarter. Leavell Investment Management Inc. now owns 81,455 shares of the financial services provider’s stock worth $7,445,000 after purchasing an additional 9,823 shares in the last quarter. First Financial Corp IN increased its holdings in J P Morgan Chase & Co by 1.1% during the 2nd quarter. First Financial Corp IN now owns 15,722 shares of the financial services provider’s stock worth $1,437,000 after purchasing an additional 174 shares in the last quarter. Somerset Trust Co increased its holdings in J P Morgan Chase & Co by 16.1% during the 2nd quarter. Somerset Trust Co now owns 35,560 shares of the financial services provider’s stock worth $3,250,000 after purchasing an additional 4,937 shares in the last quarter. First United Bank Trust increased its holdings in J P Morgan Chase & Co by 6.8% during the 2nd quarter. First United Bank Trust now owns 23,097 shares of the financial services provider’s stock worth $2,111,000 after purchasing an additional 1,479 shares in the last quarter. Finally, Hoertkorn Richard Charles increased its holdings in J P Morgan Chase & Co by 0.3% during the 2nd quarter. Hoertkorn Richard Charles now owns 99,275 shares of the financial services provider’s stock worth $9,074,000 after purchasing an additional 325 shares in the last quarter. 77.90% of the stock is currently owned by institutional investors and hedge funds.

In other news, General Counsel Stacey Friedman sold 9,968 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $90.55, for a total transaction of $902,602.40. Following the completion of the sale, the general counsel now owns 10,527 shares of the company’s stock, valued at approximately $953,219.85. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nicole Giles sold 1,000 shares of the business’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the sale, the insider now directly owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,564 shares of company stock valued at $2,605,334. Insiders own 0.88% of the company’s stock.

A number of analysts have commented on JPM shares. Buckingham Research reissued a “neutral” rating and set a $100.00 price objective (up from $94.00) on shares of J P Morgan Chase & Co in a report on Monday, July 10th. Bank of America Corporation reissued an “outperform” rating and set a $99.00 price objective on shares of J P Morgan Chase & Co in a report on Wednesday, June 21st. Keefe, Bruyette & Woods set a $96.00 price objective on J P Morgan Chase & Co and gave the stock a “hold” rating in a report on Saturday, August 19th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $93.00 price objective on shares of J P Morgan Chase & Co in a report on Thursday, July 6th. Finally, Vetr lowered J P Morgan Chase & Co from a “buy” rating to a “hold” rating and set a $93.14 price objective for the company. in a report on Tuesday, September 12th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $88.10.

J P Morgan Chase & Co (NYSE JPM) traded down 0.27% during midday trading on Friday, hitting $96.83. The company’s stock had a trading volume of 5,066,491 shares. J P Morgan Chase & Co has a 12 month low of $66.74 and a 12 month high of $97.64. The firm has a market cap of $340.70 billion, a P/E ratio of 14.28 and a beta of 1.18. The company’s 50 day moving average price is $92.55 and its 200 day moving average price is $89.39. J P Morgan Chase & Co also was the recipient of some unusual options trading activity on Wednesday. Stock investors purchased 93,484 call options on the company. This is an increase of approximately 231% compared to the average daily volume of 28,201 call options.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The firm had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. During the same quarter in the previous year, the firm posted $1.55 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. Analysts expect that J P Morgan Chase & Co will post $6.80 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th will be given a dividend of $0.56 per share. This is an increase from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.31%. J P Morgan Chase & Co’s payout ratio is presently 29.59%.

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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.

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

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