Financial Consulate Inc. boosted its holdings in shares of J P Morgan Chase & Co (NYSE:JPM) by 1.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,075 shares of the financial services provider’s stock after purchasing an additional 44 shares during the period. Financial Consulate Inc.’s holdings in J P Morgan Chase & Co were worth $372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. State Street Corp lifted its position in J P Morgan Chase & Co by 0.8% during 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 period. Schwab Charles Investment Management Inc. lifted its position in J P Morgan Chase & Co by 3.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 11,817,131 shares of the financial services provider’s stock valued at $1,038,017,000 after purchasing an additional 430,584 shares during the period. Pioneer Investment Management Inc. lifted its position in J P Morgan Chase & Co by 22.2% during 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 period. Swedbank lifted its position in J P Morgan Chase & Co by 19.0% during the first quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock valued at $462,130,000 after purchasing an additional 840,518 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its position in J P Morgan Chase & Co by 13.0% during the second quarter. Diamond Hill Capital Management Inc. now owns 4,668,366 shares of the financial services provider’s stock valued at $426,689,000 after purchasing an additional 536,181 shares during the period. Institutional investors own 77.86% of the company’s stock.

J P Morgan Chase & Co (NYSE JPM) opened at $101.41 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. J P Morgan Chase & Co has a fifty-two week low of $67.64 and a fifty-two week high of $102.42. The company has a market cap of $351,864.94, a P/E ratio of 14.61, a PEG ratio of 2.20 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last issued 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. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The firm had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. During the same period in the prior year, the business posted $1.58 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. research analysts anticipate 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 was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were issued a $0.56 dividend. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Thursday, October 5th. J P Morgan Chase & Co’s dividend payout ratio is currently 32.28%.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the company’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 value of $214,014.04. Following the transaction, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.88% of the company’s stock.

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

WARNING: “Financial Consulate Inc. Boosts Position in J P Morgan Chase & Co (JPM)” was originally published by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://www.watchlistnews.com/financial-consulate-inc-boosts-position-in-j-p-morgan-chase-co-jpm/1679523.html.

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.

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J P Morgan Chase & Co (NYSE:JPM).

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

Receive News & Ratings for J P Morgan Chase & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J P Morgan Chase & Co and related companies with Analyst Ratings Network's FREE daily email newsletter.