Segantii Capital Management Ltd continued to hold its stake in shares of J P Morgan Chase & Co (NYSE:JPM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,000 shares of the financial services provider’s stock at the close of the 2nd quarter. J P Morgan Chase & Co makes up approximately 0.6% of Segantii Capital Management Ltd’s holdings, making the stock its 27th biggest position. Segantii Capital Management Ltd’s holdings in J P Morgan Chase & Co were worth $2,285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JPM. Pacific Center for Financial Services grew its stake in shares of J P Morgan Chase & Co by 14.5% in the 1st quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock valued at $123,000 after buying an additional 177 shares in the last quarter. Ullmann Financial Group Inc. bought a new stake in shares of J P Morgan Chase & Co in the 1st quarter valued at approximately $148,000. Northwest Investment Counselors LLC bought a new stake in shares of J P Morgan Chase & Co in the 2nd quarter valued at approximately $165,000. Capital Advisors Ltd. LLC grew its stake in shares of J P Morgan Chase & Co by 53.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock valued at $177,000 after buying an additional 670 shares in the last quarter. Finally, Pecaut & CO. bought a new stake in shares of J P Morgan Chase & Co in the 2nd quarter valued at approximately $201,000. 77.94% of the stock is owned by institutional investors and hedge funds.

In other news, General Counsel Stacey Friedman sold 9,968 shares of the company’s stock in a transaction 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 transaction, the general counsel now owns 10,527 shares of the company’s stock, valued at $953,219.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.88% of the company’s stock.

JPM has been the subject of several recent research reports. Berenberg Bank set a $65.00 price target on J P Morgan Chase & Co and gave the company a “sell” rating in a research note on Thursday, August 3rd. Wells Fargo & Company began coverage on J P Morgan Chase & Co in a report on Wednesday, August 9th. They issued an “outperform” rating and a $110.00 target price for the company. Bank of America Corporation set a $102.00 target price on J P Morgan Chase & Co and gave the stock a “buy” rating in a report on Friday, October 13th. Jefferies Group LLC restated a “buy” rating and issued a $102.00 target price on shares of J P Morgan Chase & Co in a report on Friday, September 15th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $95.00 target price on shares of J P Morgan Chase & Co in a report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. J P Morgan Chase & Co presently has an average rating of “Hold” and a consensus price target of $91.83.

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Shares of J P Morgan Chase & Co (NYSE JPM) opened at $97.51 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $338,333.00, a price-to-earnings ratio of 14.05, a PEG ratio of 2.12 and a beta of 1.22. J P Morgan Chase & Co has a 1-year low of $75.77 and a 1-year high of $102.42.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The business had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. During the same quarter in the prior year, the firm posted $1.58 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. research analysts expect 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 was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Thursday, October 5th. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s dividend payout ratio is 32.28%.

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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