Rehmann Capital Advisory Group decreased its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 4.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,910 shares of the financial services provider’s stock after selling 1,482 shares during the period. Rehmann Capital Advisory Group’s holdings in J P Morgan Chase & Co were worth $3,008,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of JPM. Shepherd Financial Partners LLC acquired a new position in J P Morgan Chase & Co during the fourth quarter valued at approximately $3,128,000. CHURCHILL MANAGEMENT Corp acquired a new position in J P Morgan Chase & Co during the first quarter valued at approximately $1,367,000. Michael & Susan Dell Foundation acquired a new position in J P Morgan Chase & Co during the fourth quarter valued at approximately $42,343,000. 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 valued at $106,530,000 after buying an additional 68,720 shares during the period. Finally, Israel Discount Bank of New York GFN acquired a new position in J P Morgan Chase & Co during the fourth quarter valued at approximately $1,857,000. 74.06% of the stock is owned by institutional investors.

Shares of J P Morgan Chase & Co (NYSE:JPM) traded down 0.874% on Thursday, hitting $92.713. 5,165,141 shares of the stock were exchanged. The stock has a market cap of $326.21 billion, a PE ratio of 13.677 and a beta of 1.19. J P Morgan Chase & Co has a 52-week low of $64.86 and a 52-week high of $95.22. The company’s 50 day moving average is $91.60 and its 200-day moving average is $88.42.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The business had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 earnings per share. Analysts predict that J P Morgan Chase & Co will post $6.81 EPS for the current fiscal year.

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

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

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

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

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