National Investment Services Inc. WI reduced its position in J P Morgan Chase & Co (NYSE:JPM) by 37.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,583 shares of the financial services provider’s stock after selling 16,139 shares during the period. J P Morgan Chase & Co accounts for about 2.3% of National Investment Services Inc. WI’s holdings, making the stock its 18th largest position. National Investment Services Inc. WI’s holdings in J P Morgan Chase & Co were worth $2,335,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. FMR LLC raised its position in J P Morgan Chase & Co by 19.4% in the fourth quarter. FMR LLC now owns 96,587,143 shares of the financial services provider’s stock worth $8,334,505,000 after buying an additional 15,715,835 shares during the last quarter. Shepherd Financial Partners LLC bought a new position in J P Morgan Chase & Co during the fourth quarter worth approximately $3,128,000. Michael & Susan Dell Foundation bought a new position in J P Morgan Chase & Co during the fourth quarter worth approximately $42,343,000. CHURCHILL MANAGEMENT Corp bought a new position in J P Morgan Chase & Co during the first quarter worth approximately $1,367,000. Finally, Guggenheim Capital LLC raised its position in J P Morgan Chase & Co by 5.9% in the fourth quarter. Guggenheim Capital LLC now owns 1,234,560 shares of the financial services provider’s stock worth $106,530,000 after buying an additional 68,720 shares during the last quarter. 74.26% of the stock is owned by hedge funds and other institutional investors.

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

Shares of J P Morgan Chase & Co (JPM) opened at 86.18 on Friday. The company has a market capitalization of $306.14 billion, a PE ratio of 13.27 and a beta of 1.22. J P Morgan Chase & Co has a 1-year low of $57.05 and a 1-year high of $93.98. The company has a 50 day moving average price of $85.69 and a 200 day moving average price of $86.73.

J P Morgan Chase & Co (NYSE:JPM) last issued its earnings results on Thursday, April 13th. The financial services provider reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.13. J P Morgan Chase & Co had a return on equity of 11.25% and a net margin of 23.82%. The business had revenue of $25.59 billion during the quarter, compared to analyst estimates of $24.40 billion. During the same period in the prior year, the company posted $1.35 earnings per share. J P Morgan Chase & Co’s revenue was up 6.2% on a year-over-year basis. Equities analysts predict that J P Morgan Chase & Co will post $6.66 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $2.00 annualized dividend and a yield of 2.32%. J P Morgan Chase & Co’s dividend payout ratio is currently 30.82%.

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JPM has been the subject of several research analyst reports. BMO Capital Markets reissued a “hold” rating on shares of J P Morgan Chase & Co in a research note on Wednesday, March 1st. Credit Suisse Group lifted their price objective on J P Morgan Chase & Co to $99.00 and gave the company a “buy” rating in a research note on Wednesday, March 15th. Rafferty Capital Markets reissued a “buy” rating and set a $97.00 price objective (up previously from $96.00) on shares of J P Morgan Chase & Co in a research note on Tuesday, March 21st. Barclays PLC reissued an “overweight” rating and set a $100.00 price objective on shares of J P Morgan Chase & Co in a research note on Monday, March 20th. Finally, Vetr raised J P Morgan Chase & Co from a “buy” rating to a “strong-buy” rating and set a $97.82 price objective for the company in a research note on Tuesday, April 4th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $82.01.

In other J P Morgan Chase & Co news, COO Matthew E. Zames sold 3,405 shares of the stock in a transaction on Monday, April 17th. The stock was sold at an average price of $85.06, for a total transaction of $289,629.30. Following the completion of the transaction, the chief operating officer now directly owns 329,019 shares in the company, valued at $27,986,356.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 6,514 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $87.21, for a total value of $568,085.94. Following the transaction, the insider now owns 47,384 shares of the company’s stock, valued at $4,132,358.64. The disclosure for this sale can be found here. Insiders have sold 20,711 shares of company stock valued at $1,775,791 over the last quarter. Corporate insiders own 0.85% of the company’s stock.

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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