Smith Asset Management Group LP raised its holdings in J P Morgan Chase & Co (NYSE:JPM) by 26,313.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 290,546 shares of the financial services provider’s stock after purchasing an additional 289,446 shares during the quarter. Smith Asset Management Group LP’s holdings in J P Morgan Chase & Co were worth $26,563,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp boosted its holdings in shares of J P Morgan Chase & Co by 0.8% in the first quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock valued at $14,979,775,000 after acquiring an additional 1,357,194 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of J P Morgan Chase & Co by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 12,241,448 shares of the financial services provider’s stock valued at $1,118,869,000 after acquiring an additional 424,317 shares in the last quarter. Pioneer Investment Management Inc. boosted its holdings in shares of J P Morgan Chase & Co by 22.2% in the first quarter. Pioneer Investment Management Inc. now owns 7,402,919 shares of the financial services provider’s stock valued at $650,272,000 after acquiring an additional 1,344,295 shares in the last quarter. Swedbank boosted its holdings in shares of 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, Diamond Hill Capital Management Inc. boosted its holdings in shares of J P Morgan Chase & Co by 13.0% in the second quarter. Diamond Hill Capital Management Inc. now owns 4,668,366 shares of the financial services provider’s stock valued at $426,689,000 after acquiring an additional 536,181 shares in the last quarter. Institutional investors own 78.97% of the company’s stock.

Several analysts have recently weighed in on JPM shares. Berenberg Bank set a $65.00 target price on shares of J P Morgan Chase & Co and gave the company a “sell” rating in a report on Thursday, August 3rd. Wells Fargo & Company assumed coverage on shares of J P Morgan Chase & Co in a report on Wednesday, August 9th. They set an “outperform” rating and a $110.00 price objective on the stock. Bank of America Corporation set a $102.00 price objective on shares of J P Morgan Chase & Co and gave the stock a “buy” rating in a report on Friday, October 13th. Jefferies Group LLC reissued a “buy” rating and set a $102.00 price objective on shares of J P Morgan Chase & Co in a report on Friday, September 15th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $95.00 price objective on shares of J P Morgan Chase & Co in a report on Friday, August 18th. 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 stock. The stock has an average rating of “Hold” and an average target price of $91.83.

J P Morgan Chase & Co (JPM) opened at $97.86 on Tuesday. J P Morgan Chase & Co has a 52-week low of $76.88 and a 52-week high of $102.42. 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 cap of $338,332.97, a P/E ratio of 14.05, a P/E/G ratio of 2.12 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS 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 analyst estimates of $24.91 billion. During the same quarter in the prior year, the business posted $1.58 earnings per share. J P Morgan Chase & Co’s revenue for the quarter was up 2.6% compared to the same quarter last year. equities research analysts expect that J P Morgan Chase & Co will post 6.91 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were given a $0.56 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.29%. 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 presently 32.28%.

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In other news, General Counsel Stacey Friedman sold 9,968 shares of the stock in a transaction on Monday, August 21st. The shares were sold at an average price of $90.55, for a total value of $902,602.40. Following the completion of the sale, the general counsel now owns 10,527 shares of the company’s stock, valued at $953,219.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.88% of the stock is owned by corporate insiders.

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.

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

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