Monarch Capital Management Inc. cut its position in J P Morgan Chase & Co (NYSE:JPM) by 4.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,946 shares of the financial services provider’s stock after selling 1,240 shares during the quarter. Monarch Capital Management Inc.’s holdings in J P Morgan Chase & Co were worth $2,287,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Rothschild Capital Partners LLC raised its holdings in J P Morgan Chase & Co by 0.5% in the first quarter. Rothschild Capital Partners LLC now owns 120,841 shares of the financial services provider’s stock valued at $10,615,000 after acquiring an additional 592 shares in the last quarter. Hennessy Advisors Inc. raised its holdings in J P Morgan Chase & Co by 6.3% in the first quarter. Hennessy Advisors Inc. now owns 17,000 shares of the financial services provider’s stock valued at $1,493,000 after acquiring an additional 1,000 shares in the last quarter. Verity & Verity LLC raised its holdings in J P Morgan Chase & Co by 2.0% in the first quarter. Verity & Verity LLC now owns 98,169 shares of the financial services provider’s stock valued at $8,624,000 after acquiring an additional 1,972 shares in the last quarter. Swedbank raised its holdings in J P Morgan Chase & Co by 19.0% in the first quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock valued at $462,130,000 after acquiring an additional 840,518 shares in the last quarter. Finally, North Star Investment Management Corp. raised its holdings in J P Morgan Chase & Co by 0.7% in the first quarter. North Star Investment Management Corp. now owns 267,316 shares of the financial services provider’s stock valued at $23,481,000 after acquiring an additional 1,779 shares in the last quarter. Institutional investors and hedge funds own 73.75% of the company’s stock.

Several research firms recently issued reports on JPM. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of J P Morgan Chase & Co in a report on Wednesday, October 11th. Deutsche Bank cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and upped their price target for the company from $90.00 to $96.00 in a report on Tuesday, September 26th. Robert W. Baird reaffirmed a “hold” rating and issued a $88.00 price target on shares of J P Morgan Chase & Co in a report on Thursday, September 21st. Zacks Investment Research cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, Vetr raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price target on the stock in a report on Wednesday, September 6th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $92.18.

Shares of J P Morgan Chase & Co (NYSE:JPM) opened at $106.51 on Wednesday. The firm has a market cap of $369,560.00, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 2.30 and a beta of 1.22. J P Morgan Chase & Co has a twelve month low of $81.64 and a twelve month high of $108.40. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37.

J P Morgan Chase & Co (NYSE:JPM) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.09. The company had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 earnings per share. sell-side analysts anticipate that J P Morgan Chase & Co will post 6.91 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 2.10%. J P Morgan Chase & Co’s dividend payout ratio is currently 32.14%.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now owns 15,279 shares in the company, valued at $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.88% of the stock is currently owned by corporate 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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