Trillium Asset Management LLC lifted its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 6.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,105 shares of the financial services provider’s stock after acquiring an additional 253 shares during the quarter. Trillium Asset Management LLC’s holdings in J P Morgan Chase & Co were worth $375,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. QV Investors Inc. raised its position in shares of J P Morgan Chase & Co by 1.4% during the second quarter. QV Investors Inc. now owns 23,975 shares of the financial services provider’s stock worth $2,191,000 after acquiring an additional 340 shares during the last quarter. S. R. Schill & Associates raised its position in shares of J P Morgan Chase & Co by 0.6% during the second quarter. S. R. Schill & Associates now owns 9,768 shares of the financial services provider’s stock worth $893,000 after acquiring an additional 63 shares during the last quarter. Rational Advisors LLC raised its position in shares of J P Morgan Chase & Co by 28.9% during the second quarter. Rational Advisors LLC now owns 26,810 shares of the financial services provider’s stock worth $2,451,000 after acquiring an additional 6,010 shares during the last quarter. Pinnacle Financial Partners Inc. raised its position in shares of J P Morgan Chase & Co by 4.1% during the second quarter. Pinnacle Financial Partners Inc. now owns 103,325 shares of the financial services provider’s stock worth $9,444,000 after acquiring an additional 4,097 shares during the last quarter. Finally, Accredited Investors Inc. raised its position in shares of J P Morgan Chase & Co by 8.7% during the second quarter. Accredited Investors Inc. now owns 12,672 shares of the financial services provider’s stock worth $1,158,000 after acquiring an additional 1,012 shares during the last quarter. Institutional investors own 78.97% of the company’s stock.

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

A number of research firms recently commented on JPM. Wells Fargo & Company upped their price objective on 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. Royal Bank Of Canada reiterated a “buy” rating and issued a $105.00 price objective on shares of J P Morgan Chase & Co in a report on Wednesday. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of J P Morgan Chase & Co in a report on Wednesday, October 11th. Citigroup Inc. upped their price objective on J P Morgan Chase & Co from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, October 6th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $110.00 price objective (up previously from $103.00) on shares of J P Morgan Chase & Co in a report on Monday, October 9th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $92.18.

Shares of J P Morgan Chase & Co (JPM) opened at $98.14 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $340,518.91, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 2.13 and a beta of 1.22. J P Morgan Chase & Co has a 52 week low of $77.29 and a 52 week high of $102.42.

J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings data 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. The firm had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 earnings per share. equities research analysts forecast 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. Shareholders of record on Friday, October 6th were paid a $0.56 dividend. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, October 5th. This represents a $2.24 annualized dividend and a yield of 2.28%. J P Morgan Chase & Co’s dividend payout ratio is currently 32.28%.

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.

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

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