Opus Capital Group LLC cut its holdings in J P Morgan Chase & Co (NYSE:JPM) by 11.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,638 shares of the financial services provider’s stock after selling 2,329 shares during the period. Opus Capital Group LLC’s holdings in J P Morgan Chase & Co were worth $1,703,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of JPM. Pacific Center for Financial Services increased its stake in J P Morgan Chase & Co by 14.5% during the first 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 period. Ullmann Financial Group Inc. bought a new position in J P Morgan Chase & Co during the first quarter valued at about $148,000. Northwest Investment Counselors LLC bought a new position in J P Morgan Chase & Co during the second quarter valued at about $165,000. Capital Advisors Ltd. LLC increased its stake in J P Morgan Chase & Co by 53.0% during the second quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 670 shares during the period. Finally, Tortoise Investment Management LLC increased its stake in J P Morgan Chase & Co by 59.5% during the second quarter. Tortoise Investment Management LLC now owns 1,959 shares of the financial services provider’s stock valued at $179,000 after acquiring an additional 731 shares during the period. Institutional investors and hedge funds own 78.59% of the company’s stock.

JPM has been the topic of several research reports. Zacks Investment Research upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research note on Monday, July 31st. BidaskClub lowered J P Morgan Chase & Co from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Berenberg Bank set a $65.00 price target on J P Morgan Chase & Co and gave the company a “sell” rating in a research note on Thursday, August 3rd. Wells Fargo & Company initiated coverage on J P Morgan Chase & Co in a research note on Wednesday, August 9th. They set an “outperform” rating and a $110.00 price target on the stock. Finally, Royal Bank Of Canada restated a “buy” rating and set a $95.00 price target on shares of J P Morgan Chase & Co in a research note on Friday, August 18th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $92.18.

Shares of J P Morgan Chase & Co (NYSE JPM) opened at $98.32 on Friday. J P Morgan Chase & Co has a 12 month low of $77.89 and a 12 month high of $102.42. The firm has a market capitalization of $341,143.47, a P/E ratio of 14.17, a PEG ratio of 2.13 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37.

J P Morgan Chase & Co (NYSE:JPM) last announced its earnings results 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. The business had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 billion. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. J P Morgan Chase & Co’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 EPS. sell-side analysts predict that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

The firm also recently announced 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 an increase 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 2.28%. The ex-dividend date of this dividend was Thursday, October 5th. J P Morgan Chase & Co’s payout ratio is presently 32.28%.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction that occurred 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 transaction, the general counsel now directly owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.

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

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