Taurus Asset Management LLC lifted its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 34.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 209,205 shares of the financial services provider’s stock after buying an additional 54,070 shares during the quarter. J P Morgan Chase & Co makes up 3.0% of Taurus Asset Management LLC’s holdings, making the stock its 5th largest holding. Taurus Asset Management LLC’s holdings in J P Morgan Chase & Co were worth $19,121,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacific Center for Financial Services grew its position in shares of 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 worth $123,000 after buying an additional 177 shares in the last quarter. Ullmann Financial Group Inc. bought a new position in shares of J P Morgan Chase & Co during the 1st quarter worth $148,000. Northwest Investment Counselors LLC bought a new stake in J P Morgan Chase & Co during the second quarter valued at about $165,000. Capital Advisors Ltd. LLC boosted its position in J P Morgan Chase & Co by 53.0% during the second 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 in the last quarter. Finally, Tortoise Investment Management LLC boosted its position in J P Morgan Chase & Co by 59.5% during the second quarter. Tortoise Investment Management LLC now owns 1,959 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 731 shares in the last quarter. 78.59% of the stock is currently owned by institutional investors and hedge funds.

J P Morgan Chase & Co (JPM) opened at $98.64 on Friday. J P Morgan Chase & Co has a 12 month low of $77.89 and a 12 month high of $102.42. The stock has a market capitalization of $343,502.84, a PE ratio of 14.27, a PEG ratio of 2.15 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. During the same period last year, the business posted $1.58 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. research analysts anticipate that J P Morgan Chase & Co will post 6.91 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were given a dividend of $0.56 per share. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Thursday, October 5th. J P Morgan Chase & Co’s dividend payout ratio (DPR) is currently 32.28%.

In related news, General Counsel Stacey Friedman sold 2,099 shares of J P Morgan Chase & Co 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 completion of the transaction, the general counsel now directly owns 15,279 shares in the company, valued at $1,557,846.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.88% of the stock is currently owned by company insiders.

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A number of equities research analysts recently weighed in on JPM shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $95.00 price objective on shares of J P Morgan Chase & Co in a research report on Friday, August 18th. Zacks Investment Research raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research report on Monday, July 31st. Vetr raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price objective on the stock in a research report on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $102.00 price objective on shares of J P Morgan Chase & Co in a research report on Friday, September 15th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $110.00 price objective (up previously from $103.00) on shares of J P Morgan Chase & Co in a research report on Monday, October 9th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have assigned a buy rating to the company’s stock. J P Morgan Chase & Co currently has a consensus rating of “Hold” and an average target price of $92.18.

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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