Davis Rea Ltd. grew its holdings in shares of J P Morgan Chase & Co (NYSE:JPM) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,872 shares of the financial services provider’s stock after buying an additional 130 shares during the quarter. J P Morgan Chase & Co accounts for about 1.3% of Davis Rea Ltd.’s investment portfolio, making the stock its 26th largest holding. Davis Rea Ltd.’s holdings in J P Morgan Chase & Co were worth $1,999,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Harbour Capital Advisors LLC lifted its stake in J P Morgan Chase & Co by 8,767.4% during the second quarter. Harbour Capital Advisors LLC now owns 2,794,464 shares of the financial services provider’s stock worth $30,574,000 after purchasing an additional 2,762,950 shares during the last quarter. Karp Capital Management Corp bought a new position in J P Morgan Chase & Co during the first quarter worth $140,124,000. State Street Corp lifted its stake 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 worth $14,979,775,000 after purchasing an additional 1,357,194 shares during the last quarter. Pioneer Investment Management Inc. lifted its stake 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 worth $650,272,000 after purchasing an additional 1,344,295 shares during the last quarter. Finally, Hexavest Inc. lifted its stake in J P Morgan Chase & Co by 33,815.1% during the second quarter. Hexavest Inc. now owns 904,516 shares of the financial services provider’s stock worth $82,673,000 after purchasing an additional 901,849 shares during the last quarter. Institutional investors own 77.94% of the company’s stock.

JPM has been the topic of several research analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $95.00 price objective on shares of J P Morgan Chase & Co in a research note on Friday, August 18th. Zacks Investment Research upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Tuesday, July 18th. Bank of America Corporation reiterated a “buy” rating and issued a $99.00 target price on shares of J P Morgan Chase & Co in a research note on Monday, July 17th. Vetr upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 target price on the stock in a research note on Wednesday, September 6th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $102.00 target price on shares of J P Morgan Chase & Co in a research note on Friday, September 15th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. J P Morgan Chase & Co presently has a consensus rating of “Hold” and an average price target of $91.83.

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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 owns 15,279 shares in the company, valued at approximately $1,557,846.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.88% of the company’s stock.

J P Morgan Chase & Co (NYSE JPM) opened at $97.51 on Friday. 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 has a 1 year low of $75.77 and a 1 year high of $102.42. The firm has a market capitalization of $338,662.59, a price-to-earnings ratio of 14.06, a P/E/G ratio of 2.12 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings results 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 business had revenue of $25.33 billion during the quarter, compared to analyst estimates of $24.91 billion. During the same quarter last year, the company posted $1.58 EPS. J P Morgan Chase & Co’s revenue for the quarter was up 2.6% on a year-over-year basis. research analysts expect that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were given a $0.56 dividend. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, October 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.30%. J P Morgan Chase & Co’s dividend payout ratio (DPR) is 32.28%.

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.

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

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