Norris Perne & French LLP MI grew its holdings in J P Morgan Chase & Co (NYSE:JPM) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 80,040 shares of the financial services provider’s stock after buying an additional 3,390 shares during the quarter. Norris Perne & French LLP MI’s holdings in J P Morgan Chase & Co were worth $7,316,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. David R. Rahn & Associates Inc. acquired a new stake in shares of J P Morgan Chase & Co in the second quarter valued at $1,458,000. Ironwood Investment Management LLC increased its stake in shares of J P Morgan Chase & Co by 61.9% in the second quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock valued at $609,000 after buying an additional 2,550 shares in the last quarter. Gamble Jones Investment Counsel increased its stake in shares of J P Morgan Chase & Co by 0.6% in the second quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock valued at $4,566,000 after buying an additional 276 shares in the last quarter. Grove Bank & Trust increased its stake in shares of J P Morgan Chase & Co by 16.9% in the second quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock valued at $895,000 after buying an additional 1,417 shares in the last quarter. Finally, Lee Danner & Bass Inc. increased its stake in shares of J P Morgan Chase & Co by 0.4% in the second quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock valued at $1,599,000 after buying an additional 69 shares in the last quarter. Institutional investors own 77.86% of the company’s stock.

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JPM has been the subject of a number of research reports. Wells Fargo & Company lifted their price objective on J P Morgan Chase & Co from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Barclays PLC lifted their price objective on J P Morgan Chase & Co from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Nomura lifted their price objective on J P Morgan Chase & Co from $87.00 to $91.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. Bank of America Corporation set a $102.00 price objective on J P Morgan Chase & Co and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, Morgan Stanley lifted their price objective on J P Morgan Chase & Co from $99.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have assigned a buy rating to the company. J P Morgan Chase & Co presently has a consensus rating of “Hold” and a consensus price target of $91.83.

Shares of J P Morgan Chase & Co (NYSE:JPM) opened at $101.41 on Friday. The company has a market cap of $352.49 billion, a P/E ratio of 14.64, a P/E/G ratio of 2.20 and a beta of 1.22. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 1.37.

J P Morgan Chase & Co (NYSE:JPM) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.09. The firm had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.58 EPS. equities analysts forecast that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were given a dividend of $0.56 per share. 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 was Thursday, October 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.21%. J P Morgan Chase & Co’s payout ratio is 32.28%.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the transaction, the general counsel now owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.88% of the stock is owned by insiders.

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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