Logan Capital Management Inc. decreased its position in J P Morgan Chase & Co (NYSE:JPM) by 33.7% during the first quarter, Holdings Channel reports. The firm owned 8,267 shares of the financial services provider’s stock after selling 4,206 shares during the period. Logan Capital Management Inc.’s holdings in J P Morgan Chase & Co were worth $726,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of JPM. Hilltop Holdings Inc. increased its position in shares of J P Morgan Chase & Co by 4.9% in the fourth quarter. Hilltop Holdings Inc. now owns 6,819 shares of the financial services provider’s stock worth $588,000 after buying an additional 316 shares during the period. Tudor Investment Corp Et Al increased its position in shares of J P Morgan Chase & Co by 253.9% in the fourth quarter. Tudor Investment Corp Et Al now owns 153,921 shares of the financial services provider’s stock worth $13,282,000 after buying an additional 110,423 shares during the period. Caxton Associates LP purchased a new position in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $1,294,000. STA Wealth Management LLC increased its position in shares of J P Morgan Chase & Co by 22.5% in the fourth quarter. STA Wealth Management LLC now owns 5,314 shares of the financial services provider’s stock worth $459,000 after buying an additional 976 shares during the period. Finally, Pacific Global Investment Management CO increased its position in shares of J P Morgan Chase & Co by 5.0% in the fourth quarter. Pacific Global Investment Management CO now owns 69,388 shares of the financial services provider’s stock worth $5,988,000 after buying an additional 3,284 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Shares of J P Morgan Chase & Co (NYSE:JPM) traded down 0.18% on Friday, hitting $92.02. 2,911,241 shares of the stock traded hands. The firm’s 50-day moving average is $91.75 and its 200 day moving average is $88.44. The firm has a market cap of $323.77 billion, a P/E ratio of 13.57 and a beta of 1.19. J P Morgan Chase & Co has a 12-month low of $64.86 and a 12-month high of $95.22.

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

The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Thursday, July 6th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Monday, July 3rd. J P Morgan Chase & Co’s payout ratio is 29.59%.

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A number of equities analysts have commented on the stock. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $93.00 target price on shares of J P Morgan Chase & Co in a research note on Thursday, July 6th. Wells Fargo & Company began coverage on shares of J P Morgan Chase & Co in a research note on Wednesday. They issued an “outperform” rating and a $110.00 price target on the stock. Buckingham Research reissued a “neutral” rating and issued a $100.00 price target (up from $94.00) on shares of J P Morgan Chase & Co in a research note on Monday, July 10th. Berenberg Bank set a $65.00 price target on shares of J P Morgan Chase & Co and gave the company a “sell” rating in a research note on Thursday, August 3rd. Finally, Deutsche Bank AG reissued a “buy” rating on shares of J P Morgan Chase & Co in a research note on Monday, July 3rd. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $85.53.

In other J P Morgan Chase & Co news, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $91.58, for a total value of $1,611,441.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total value of $91,290.00. Following the completion of the sale, the insider now owns 3,783 shares in the company, valued at $345,350.07. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

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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