Sentry Investment Management LLC lifted its holdings in J P Morgan Chase & Co (NYSE:JPM) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 286,206 shares of the financial services provider’s stock after buying an additional 5,426 shares during the period. J P Morgan Chase & Co comprises 1.0% of Sentry Investment Management LLC’s holdings, making the stock its 16th largest holding. Sentry Investment Management LLC’s holdings in J P Morgan Chase & Co were worth $26,159,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Pacific Center for Financial Services grew its holdings in J P Morgan Chase & Co by 14.5% during 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 purchasing an additional 177 shares during the last quarter. Atlantic Trust LLC bought a new position in J P Morgan Chase & Co during the 2nd quarter valued at about $136,000. Ullmann Financial Group Inc. bought a new position in J P Morgan Chase & Co during the 1st quarter valued at about $148,000. Northwest Investment Counselors LLC bought a new position in J P Morgan Chase & Co during the 2nd quarter valued at about $165,000. Finally, Capital Advisors Ltd. LLC grew its holdings in J P Morgan Chase & Co by 53.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 670 shares during the last quarter. Hedge funds and other institutional investors own 73.93% of the company’s stock.

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

Several equities analysts recently commented on the stock. Royal Bank of Canada reiterated a “buy” rating on shares of J P Morgan Chase & Co in a report on Friday, December 8th. Wells Fargo & Company upped their price target on shares of J P Morgan Chase & Co from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Barclays upped their price target on shares of J P Morgan Chase & Co from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Nomura upped their price target on shares of J P Morgan Chase & Co from $87.00 to $91.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Finally, Bank of America set a $102.00 price objective on shares of J P Morgan Chase & Co and gave the company a “buy” rating in a research report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $92.18.

Shares of J P Morgan Chase & Co (NYSE:JPM) traded down $0.85 on Friday, hitting $104.66. 13,034,200 shares of the stock traded hands, compared to its average volume of 13,997,970. J P Morgan Chase & Co has a 52-week low of $81.64 and a 52-week high of $108.40. The stock has a market cap of $366,090.78, a PE ratio of 15.20, a PEG ratio of 2.29 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03.

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

The firm 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 $0.56 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 2.14%. J P Morgan Chase & Co’s payout ratio is presently 32.28%.

WARNING: This article was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://www.watchlistnews.com/sentry-investment-management-llc-boosts-stake-in-j-p-morgan-chase-co-jpm/1765811.html.

About J P Morgan Chase & Co

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.

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J P Morgan Chase & Co (NYSE:JPM).

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

Receive News & Ratings for J P Morgan Chase & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J P Morgan Chase & Co and related companies with Analyst Ratings Network's FREE daily email newsletter.