Zions Bancorporation cut its position in J P Morgan Chase & Co (NYSE:JPM) by 27.1% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 19,402 shares of the financial services provider’s stock after selling 7,220 shares during the period. Zions Bancorporation’s holdings in J P Morgan Chase & Co were worth $1,706,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. STA Wealth Management LLC raised its position in J P Morgan Chase & Co by 22.5% in the fourth quarter. STA Wealth Management LLC now owns 5,314 shares of the financial services provider’s stock worth $459,000 after buying an additional 976 shares during the period. Caxton Associates LP acquired a new position in J P Morgan Chase & Co during the fourth quarter worth $1,294,000. Tudor Investment Corp Et Al raised its position in J P Morgan Chase & Co by 253.9% in the fourth quarter. Tudor Investment Corp Et Al now owns 153,921 shares of the financial services provider’s stock worth $13,282,000 after buying an additional 110,423 shares during the period. Hilltop Holdings Inc. raised its position in J P Morgan Chase & Co by 4.9% in the fourth quarter. Hilltop Holdings Inc. now owns 6,819 shares of the financial services provider’s stock worth $588,000 after buying an additional 316 shares during the period. Finally, Cambria Investment Management L.P. acquired a new position in J P Morgan Chase & Co during the fourth quarter worth $1,090,000. Institutional investors and hedge funds own 74.84% of the company’s stock.

J P Morgan Chase & Co (NYSE:JPM) traded up 1.347% during trading on Monday, hitting $92.651. 2,944,936 shares of the stock traded hands. The company has a market cap of $325.99 billion, a P/E ratio of 13.667 and a beta of 1.19. The firm has a 50-day moving average price of $91.87 and a 200 day moving average price of $88.50. J P Morgan Chase & Co has a 52-week low of $64.86 and a 52-week high of $95.22.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The firm had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter in the prior year, the business earned $1.55 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts expect that J P Morgan Chase & Co will post $6.81 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 6th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Monday, July 3rd. J P Morgan Chase & Co’s dividend payout ratio is 29.59%.

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A number of research analysts have weighed in on JPM shares. Nomura reaffirmed a “neutral” rating and issued a $83.00 price objective on shares of J P Morgan Chase & Co in a research note on Monday, April 17th. Keefe, Bruyette & Woods raised their price objective on shares of J P Morgan Chase & Co to $47.00 and gave the company a “buy” rating in a research note on Monday, April 17th. Guggenheim raised shares of J P Morgan Chase & Co from a “neutral” rating to a “buy” rating and raised their price objective for the company from $88.25 to $96.00 in a research note on Tuesday, April 25th. Vetr lowered shares of J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $99.01 price objective on the stock. in a research note on Wednesday, April 26th. Finally, Vining Sparks raised shares of J P Morgan Chase & Co to an “outperform” rating and set a $95.00 price objective on the stock in a research note on Thursday, April 27th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $85.53.

In related news, CFO Marianne Lake sold 17,596 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $91.58, for a total value of $1,611,441.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicole Giles sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total transaction of $91,290.00. Following the completion of the sale, the insider now directly owns 3,783 shares of the company’s stock, valued at $345,350.07. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.

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.

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

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