MCF Advisors LLC raised its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 8.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,016 shares of the financial services provider’s stock after purchasing an additional 681 shares during the quarter. MCF Advisors LLC’s holdings in J P Morgan Chase & Co were worth $824,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of JPM. Inverness Counsel LLC NY increased its holdings in shares of J P Morgan Chase & Co by 40.8% during the 1st quarter. Inverness Counsel LLC NY now owns 23,708 shares of the financial services provider’s stock worth $2,025,000 after purchasing an additional 6,865 shares during the period. First Command Financial Services Inc. increased its holdings in shares of J P Morgan Chase & Co by 13.3% during the 1st quarter. First Command Financial Services Inc. now owns 5,078 shares of the financial services provider’s stock worth $446,000 after purchasing an additional 595 shares during the period. Parametrica Management Ltd bought a new stake in J P Morgan Chase & Co in the first quarter valued at about $405,000. Atria Investments LLC increased its stake in J P Morgan Chase & Co by 7.2% in the first quarter. Atria Investments LLC now owns 36,967 shares of the financial services provider’s stock valued at $3,247,000 after acquiring an additional 2,494 shares during the period. Finally, Integrated Wealth Management increased its stake in J P Morgan Chase & Co by 2.1% in the first quarter. Integrated Wealth Management now owns 47,492 shares of the financial services provider’s stock valued at $4,172,000 after acquiring an additional 977 shares during the period. Institutional investors own 77.90% of the company’s stock.

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A number of analysts recently weighed in on JPM shares. Buckingham Research reissued a “neutral” rating and issued a $100.00 target price (up previously from $94.00) on shares of J P Morgan Chase & Co in a research note on Monday, July 10th. Bank of America Corporation reissued an “outperform” rating and issued a $99.00 target price on shares of J P Morgan Chase & Co in a research note on Wednesday, June 21st. Keefe, Bruyette & Woods set a $96.00 target price on shares of J P Morgan Chase & Co and gave the company a “hold” rating in a research note on Saturday, August 19th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $93.00 target price on shares of J P Morgan Chase & Co in a research note on Thursday, July 6th. Finally, Vetr cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and set a $93.14 target price on the stock. in a research note on Tuesday, September 12th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $87.10.

In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of the business’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 of the company’s stock, valued at approximately $345,350.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 9,968 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $90.55, for a total transaction of $902,602.40. Following the sale, the general counsel now directly owns 10,527 shares in the company, valued at $953,219.85. The disclosure for this sale can be found here. Insiders have sold a total of 28,564 shares of company stock worth $2,605,334 over the last three months. Insiders own 0.88% of the company’s stock.

Shares of J P Morgan Chase & Co (JPM) traded up 1.62% during trading on Thursday, reaching $97.35. 7,134,907 shares of the company traded hands. J P Morgan Chase & Co has a 12-month low of $66.74 and a 12-month high of $97.44. The firm has a market capitalization of $342.53 billion, a price-to-earnings ratio of 14.36 and a beta of 1.18. The company has a 50 day moving average price of $92.40 and a 200 day moving average price of $89.33. J P Morgan Chase & Co also was the recipient of unusually large options trading activity on Wednesday. Traders acquired 93,484 call options on the company. This is an increase of 231% compared to the typical daily volume of 28,201 call options.

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 for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The firm had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same period in the previous year, the firm posted $1.55 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities analysts predict that J P Morgan Chase & Co will post $6.80 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.32%. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, October 5th. J P Morgan Chase & Co’s payout ratio is presently 29.59%.

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.

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

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