J P Morgan Chase & Co (JPM) Position Lessened by J.P. Marvel Investment Advisors LLC

J.P. Marvel Investment Advisors LLC lessened its holdings in shares of J P Morgan Chase & Co (NYSE:JPM) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,120 shares of the financial services provider’s stock after selling 1,345 shares during the period. J P Morgan Chase & Co makes up 4.3% of J.P. Marvel Investment Advisors LLC’s holdings, making the stock its biggest position. J.P. Marvel Investment Advisors LLC’s holdings in J P Morgan Chase & Co were worth $12,990,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Rothschild Capital Partners LLC grew its position in J P Morgan Chase & Co by 0.5% during the first quarter. Rothschild Capital Partners LLC now owns 120,841 shares of the financial services provider’s stock valued at $10,615,000 after buying an additional 592 shares during the period. Hennessy Advisors Inc. grew its position in J P Morgan Chase & Co by 6.3% during the first quarter. Hennessy Advisors Inc. now owns 17,000 shares of the financial services provider’s stock valued at $1,493,000 after buying an additional 1,000 shares during the period. Verity & Verity LLC grew its position in J P Morgan Chase & Co by 2.0% during the first quarter. Verity & Verity LLC now owns 98,169 shares of the financial services provider’s stock valued at $8,624,000 after buying an additional 1,972 shares during the period. Swedbank grew its position in J P Morgan Chase & Co by 19.0% during the first quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock valued at $462,130,000 after buying an additional 840,518 shares during the period. Finally, North Star Investment Management Corp. grew its position in J P Morgan Chase & Co by 0.7% during the first quarter. North Star Investment Management Corp. now owns 267,316 shares of the financial services provider’s stock valued at $23,481,000 after buying an additional 1,779 shares during the period. 73.93% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently commented on the stock. Jefferies Group set a $111.00 price target on shares of J P Morgan Chase & Co and gave the company a “buy” rating in a research report on Friday, October 13th. Keefe, Bruyette & Woods set a $96.00 target price on shares of J P Morgan Chase & Co and gave the company a “hold” rating in a research report on Saturday, August 19th. Vetr upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 target price on the stock in a research report on Wednesday, September 6th. BMO Capital Markets lifted their target price on shares of J P Morgan Chase & Co from $86.00 to $91.00 and gave the company a “market perform” rating in a research report on Friday, October 13th. Finally, Zacks Investment Research lowered shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have issued a buy rating to the company. J P Morgan Chase & Co presently has an average rating of “Hold” and a consensus target price of $92.18.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the transaction, the general counsel now directly owns 15,279 shares in the company, valued at $1,557,846.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.88% of the company’s stock.

J P Morgan Chase & Co (NYSE:JPM) opened at $106.14 on Friday. The firm has a market cap of $368,276.72, a PE ratio of 15.29, a P/E/G ratio of 2.30 and a beta of 1.22. J P Morgan Chase & Co has a 52-week low of $81.64 and a 52-week high of $108.40. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 24.08% and a return on equity of 11.68%. J P Morgan Chase & Co’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.58 earnings per share. analysts anticipate that J P Morgan Chase & Co will post 6.91 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be given a dividend of $0.56 per share. The ex-dividend date is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a yield of 2.11%. J P Morgan Chase & Co’s payout ratio is presently 32.28%.

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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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