Patten & Patten Inc. TN boosted its stake in J P Morgan Chase & Co (NYSE:JPM) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,868 shares of the financial services provider’s stock after buying an additional 1,304 shares during the period. J P Morgan Chase & Co makes up approximately 1.3% of Patten & Patten Inc. TN’s portfolio, making the stock its 19th largest position. Patten & Patten Inc. TN’s holdings in J P Morgan Chase & Co were worth $11,322,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Shepherd Financial Partners LLC bought a new position in shares of J P Morgan Chase & Co during the fourth quarter worth about $3,128,000. CHURCHILL MANAGEMENT Corp bought a new position in shares of J P Morgan Chase & Co during the first quarter worth about $1,367,000. Michael & Susan Dell Foundation bought a new position in shares of J P Morgan Chase & Co during the fourth quarter worth about $42,343,000. Guggenheim Capital LLC raised its position in shares of 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 worth $106,530,000 after buying an additional 68,720 shares in the last quarter. Finally, Israel Discount Bank of New York GFN bought a new position in shares of J P Morgan Chase & Co during the fourth quarter worth about $1,857,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

J P Morgan Chase & Co (NYSE JPM) traded down 0.51% during mid-day trading on Friday, hitting $91.72. 4,923,905 shares of the stock were exchanged. J P Morgan Chase & Co has a 12-month low of $64.86 and a 12-month high of $95.22. The firm has a 50-day moving average price of $91.75 and a 200-day moving average price of $88.44. The stock has a market capitalization of $322.72 billion, a P/E ratio of 13.53 and a beta of 1.19.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Thursday, July 6th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Monday, July 3rd. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 29.59%.

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JPM has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $47.00 target price on shares of J P Morgan Chase & Co in a research report on Friday, April 14th. Nomura reiterated a “neutral” rating and issued a $83.00 target price on shares of J P Morgan Chase & Co in a research report on Monday, April 17th. Guggenheim upgraded shares of J P Morgan Chase & Co from a “neutral” rating to a “buy” rating and increased their target price for the company from $88.25 to $96.00 in a research report on Tuesday, April 25th. Vetr lowered shares of J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $99.01 target price for the company. in a research report on Wednesday, April 26th. Finally, Vining Sparks upgraded shares of J P Morgan Chase & Co to an “outperform” rating and set a $95.00 target price for the company in a research report on Thursday, April 27th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $85.53.

In other J P Morgan Chase & Co news, CFO Marianne Lake sold 17,596 shares of the business’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 value of $1,611,441.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $91,290.00. Following the completion of the sale, the insider now owns 3,783 shares in the company, valued at approximately $345,350.07. The disclosure for this sale can be found here. 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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