Crescent Grove Advisors LLC bought a new position in J P Morgan Chase & Co (NYSE:JPM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,862 shares of the financial services provider’s stock, valued at approximately $901,000.

A number of other institutional investors have also recently made changes to their positions in the business. IFC Holdings Incorporated FL grew its stake in shares of J P Morgan Chase & Co by 29.9% during the first quarter. IFC Holdings Incorporated FL now owns 19,605 shares of the financial services provider’s stock worth $1,726,000 after acquiring an additional 4,512 shares during the last quarter. Foster & Motley Inc. grew its stake in shares of J P Morgan Chase & Co by 0.8% during the first quarter. Foster & Motley Inc. now owns 93,234 shares of the financial services provider’s stock worth $8,190,000 after acquiring an additional 735 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of J P Morgan Chase & Co by 2.1% during the first quarter. ProShare Advisors LLC now owns 997,631 shares of the financial services provider’s stock worth $87,632,000 after acquiring an additional 20,655 shares during the last quarter. Brouwer & Janachowski LLC grew its stake in shares of J P Morgan Chase & Co by 36.3% during the first quarter. Brouwer & Janachowski LLC now owns 4,136 shares of the financial services provider’s stock worth $363,000 after acquiring an additional 1,102 shares during the last quarter. Finally, Excalibur Management Corp grew its stake in shares of J P Morgan Chase & Co by 5.9% during the first quarter. Excalibur Management Corp now owns 48,182 shares of the financial services provider’s stock worth $4,232,000 after acquiring an additional 2,666 shares during the last quarter. Institutional investors and hedge funds own 78.97% of the company’s stock.

J P Morgan Chase & Co (NYSE JPM) opened at $97.51 on Monday. J P Morgan Chase & Co has a 52 week low of $75.77 and a 52 week high of $102.42. 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 company has a market capitalization of $338,330.00, a price-to-earnings ratio of 14.05, a P/E/G ratio of 2.12 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $25.33 billion during the quarter, compared to the consensus estimate of $24.91 billion. During the same period in the prior year, the company earned $1.58 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. equities analysts predict that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were paid a $0.56 dividend. This is an increase from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 2.30%. The ex-dividend date was Thursday, October 5th. J P Morgan Chase & Co’s dividend payout ratio is currently 32.14%.

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on J P Morgan Chase & Co from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Keefe, Bruyette & Woods restated a “hold” rating on shares of J P Morgan Chase & Co in a research note on Wednesday, October 11th. Citigroup Inc. boosted their price target on J P Morgan Chase & Co from $90.00 to $96.00 and gave the stock a “neutral” rating in a research note on Friday, October 6th. Credit Suisse Group restated a “buy” rating and set a $110.00 price target (up previously from $103.00) on shares of J P Morgan Chase & Co in a research note on Monday, October 9th. They noted that the move was a valuation call. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of J P Morgan Chase & Co in a research note on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $91.83.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction 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 completion of the transaction, the general counsel now directly owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.88% of the stock is currently owned by corporate insiders.

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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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