Sterneck Capital Management LLC trimmed its holdings in shares of J P Morgan Chase & Co (NYSE:JPM) by 2.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,993 shares of the financial services provider’s stock after selling 660 shares during the period. J P Morgan Chase & Co makes up approximately 1.7% of Sterneck Capital Management LLC’s investment portfolio, making the stock its 18th largest holding. Sterneck Capital Management LLC’s holdings in J P Morgan Chase & Co were worth $2,924,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Rothschild Capital Partners LLC increased its stake in J P Morgan Chase & Co by 0.5% in the 1st quarter. Rothschild Capital Partners LLC now owns 120,841 shares of the financial services provider’s stock worth $10,615,000 after purchasing an additional 592 shares in the last quarter. Hennessy Advisors Inc. increased its stake in J P Morgan Chase & Co by 6.3% in the 1st quarter. Hennessy Advisors Inc. now owns 17,000 shares of the financial services provider’s stock worth $1,493,000 after purchasing an additional 1,000 shares in the last quarter. Verity & Verity LLC increased its stake in J P Morgan Chase & Co by 2.0% in the 1st quarter. Verity & Verity LLC now owns 98,169 shares of the financial services provider’s stock worth $8,624,000 after purchasing an additional 1,972 shares in the last quarter. Swedbank increased its stake in J P Morgan Chase & Co by 19.0% in the 1st quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock worth $462,130,000 after purchasing an additional 840,518 shares in the last quarter. Finally, North Star Investment Management Corp. increased its stake in J P Morgan Chase & Co by 0.7% in the 1st quarter. North Star Investment Management Corp. now owns 267,316 shares of the financial services provider’s stock worth $23,481,000 after purchasing an additional 1,779 shares in the last quarter. 73.93% of the stock is currently owned by hedge funds and other institutional investors.

JPM has been the topic of a number of analyst reports. Credit Suisse Group reissued a “buy” rating and issued 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. Royal Bank of Canada reissued a “buy” rating and issued a $95.00 price target on shares of J P Morgan Chase & Co in a research note on Friday, August 18th. Zacks Investment Research raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Thursday, August 24th. Vetr raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price target on the stock in a research note on Wednesday, September 6th. Finally, Jefferies Group reissued a “buy” rating and issued a $102.00 price target on shares of J P Morgan Chase & Co in a research note on Friday, September 15th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $92.18.

Shares of J P Morgan Chase & Co (JPM) traded up $1.23 during midday trading on Wednesday, reaching $106.85. The company’s stock had a trading volume of 15,508,800 shares, compared to its average volume of 13,997,725. J P Morgan Chase & Co has a 12-month low of $81.64 and a 12-month high of $108.40. The firm has a market cap of $366,472.44, a price-to-earnings ratio of 15.22, a PEG ratio of 2.29 and a beta of 1.22. 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 (NYSE:JPM) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.09. The business had revenue of $25.33 billion during the quarter, compared to analyst estimates of $24.91 billion. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.58 EPS. equities research analysts forecast that J P Morgan Chase & Co will post 6.91 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.10%. J P Morgan Chase & Co’s dividend payout ratio is 32.28%.

In other news, General Counsel Stacey Friedman sold 2,099 shares of J P Morgan Chase & Co stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the sale, 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 filing with the SEC, which can be accessed through this link. 0.88% of the stock is owned by insiders.

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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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