J P Morgan Chase & Co (JPM) Stake Lifted by EP Wealth Advisors LLC
EP Wealth Advisors LLC grew its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 4.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,000 shares of the financial services provider’s stock after purchasing an additional 8,235 shares during the period. J P Morgan Chase & Co makes up approximately 2.2% of EP Wealth Advisors LLC’s investment portfolio, making the stock its 6th biggest position. EP Wealth Advisors LLC’s holdings in J P Morgan Chase & Co were worth $17,640,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Pacific Center for Financial Services lifted its holdings in shares of J P Morgan Chase & Co by 14.5% in the 1st quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 177 shares during the last quarter. Ullmann Financial Group Inc. bought a new stake in J P Morgan Chase & Co in the first quarter worth about $148,000. Northwest Investment Counselors LLC bought a new stake in J P Morgan Chase & Co in the second quarter worth about $165,000. Capital Advisors Ltd. LLC lifted its stake in J P Morgan Chase & Co by 53.0% in the second quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 670 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its stake in J P Morgan Chase & Co by 59.5% in the second quarter. Tortoise Investment Management LLC now owns 1,959 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 731 shares during the last quarter. Hedge funds and other institutional investors own 73.93% of the company’s stock.
Shares of J P Morgan Chase & Co (JPM) traded down $1.34 during mid-day trading on Thursday, reaching $105.51. 15,020,200 shares of the company traded hands, compared to its average volume of 14,001,980. The stock has a market capitalization of $370,740.19, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 2.32 and a beta of 1.22. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. J P Morgan Chase & Co has a 12 month low of $81.64 and a 12 month high of $108.40.
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 (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. During the same period in the previous year, the company earned $1.58 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. analysts anticipate 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. Shareholders of record on Friday, January 5th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, January 4th. J P Morgan Chase & Co’s dividend payout ratio is currently 32.28%.
In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of J P Morgan Chase & Co stock in a transaction 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 of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is currently owned by insiders.
Several analysts have issued reports on JPM shares. Royal Bank of Canada reissued a “buy” rating and issued a $95.00 price objective on shares of J P Morgan Chase & Co in a research note on Friday, August 18th. Keefe, Bruyette & Woods set a $96.00 price objective on shares of J P Morgan Chase & Co and gave the stock a “hold” rating in a research note on Saturday, August 19th. Zacks Investment Research raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Thursday, August 24th. BMO Capital Markets reaffirmed a “hold” rating and set a $86.00 target price on shares of J P Morgan Chase & Co in a research report on Friday, August 25th. Finally, Vetr raised shares of 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 report on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have given a buy rating to the stock. J P Morgan Chase & Co has an average rating of “Hold” and a consensus target price of $92.18.
TRADEMARK VIOLATION NOTICE: “J P Morgan Chase & Co (JPM) Stake Lifted by EP Wealth Advisors LLC” was posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.watchlistnews.com/j-p-morgan-chase-co-jpm-stake-lifted-by-ep-wealth-advisors-llc/1763418.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.
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.