Allen Holding Inc. NY maintained its position in J P Morgan Chase & Co (NYSE:JPM) during the first quarter, Holdings Channel reports. The fund owned 30,000 shares of the financial services provider’s stock at the end of the first quarter. J P Morgan Chase & Co makes up approximately 0.6% of Allen Holding Inc. NY’s holdings, making the stock its 6th largest position. Allen Holding Inc. NY’s holdings in J P Morgan Chase & Co were worth $2,635,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JPM. Pacific Center for Financial Services bought a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth about $106,000. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth about $125,000. Glacier Peak Capital LLC bought a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth about $129,000. Tortoise Investment Management LLC increased its stake in shares of J P Morgan Chase & Co by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,283 shares in the last quarter. Finally, Horrell Capital Management Inc. increased its stake in shares of J P Morgan Chase & Co by 5.0% in the first quarter. Horrell Capital Management Inc. now owns 1,647 shares of the financial services provider’s stock worth $145,000 after buying an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

J P Morgan Chase & Co (NYSE:JPM) traded down 0.87% during mid-day trading on Thursday, hitting $92.72. The stock had a trading volume of 2,483,920 shares. J P Morgan Chase & Co has a 12-month low of $64.86 and a 12-month high of $95.22. The stock has a 50-day moving average price of $91.60 and a 200 day moving average price of $88.42. The firm has a market cap of $326.23 billion, a P/E ratio of 13.68 and a beta of 1.19.

J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The firm had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. During the same period last year, the business posted $1.55 EPS. J P Morgan Chase & Co’s quarterly revenue was up 4.6% on a year-over-year basis. Equities analysts anticipate that J P Morgan Chase & Co will post $6.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 6th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.14%. The ex-dividend date was Monday, July 3rd. J P Morgan Chase & Co’s payout ratio is currently 29.59%.

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A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $92.00 price target on shares of J P Morgan Chase & Co in a research report on Wednesday, June 7th. Vetr lowered J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 target price on the stock. in a research note on Monday, May 15th. UBS AG reiterated a “buy” rating and issued a $101.00 target price on shares of J P Morgan Chase & Co in a research note on Monday, May 15th. Wells Fargo & Company initiated coverage on J P Morgan Chase & Co in a research note on Wednesday. They issued an “outperform” rating and a $110.00 target price on the stock. Finally, Guggenheim upgraded J P Morgan Chase & Co from a “neutral” rating to a “buy” rating and increased their target price for the stock from $88.25 to $96.00 in a research note on Tuesday, April 25th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have assigned a buy rating to the company’s stock. J P Morgan Chase & Co currently has an average rating of “Hold” and a consensus target price of $85.53.

In related news, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total value of $91,290.00. Following the completion of the transaction, the insider now directly owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $91.58, for a total value of $1,611,441.68. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

About J P Morgan Chase & Co

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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