J P Morgan Chase & Co (JPM) Stake Increased by National Planning Corp

National Planning Corp grew its holdings in J P Morgan Chase & Co (NYSE:JPM) by 6.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,635 shares of the financial services provider’s stock after buying an additional 1,957 shares during the period. National Planning Corp’s holdings in J P Morgan Chase & Co were worth $3,212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. New Jersey Better Educational Savings Trust lifted its holdings in J P Morgan Chase & Co by 10.7% during the 2nd quarter. New Jersey Better Educational Savings Trust now owns 31,000 shares of the financial services provider’s stock worth $2,833,000 after purchasing an additional 3,000 shares during the last quarter. Davis Rea Ltd. lifted its holdings in J P Morgan Chase & Co by 0.6% during the 2nd quarter. Davis Rea Ltd. now owns 21,872 shares of the financial services provider’s stock worth $1,999,000 after purchasing an additional 130 shares during the last quarter. Stearns Financial Services Group lifted its holdings in J P Morgan Chase & Co by 4.3% during the 2nd quarter. Stearns Financial Services Group now owns 16,047 shares of the financial services provider’s stock worth $1,467,000 after purchasing an additional 657 shares during the last quarter. Cadinha & Co. LLC lifted its holdings in J P Morgan Chase & Co by 2.5% during the 2nd quarter. Cadinha & Co. LLC now owns 192,419 shares of the financial services provider’s stock worth $17,587,000 after purchasing an additional 4,714 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in J P Morgan Chase & Co by 3.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 12,241,448 shares of the financial services provider’s stock worth $1,118,869,000 after purchasing an additional 424,317 shares during the last quarter. 77.94% of the stock is owned by institutional investors.

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In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the business’s 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 sale, the general counsel now directly owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.88% of the company’s stock.

Shares of J P Morgan Chase & Co (NYSE:JPM) opened at $97.51 on Friday. 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 capitalization of $338,333.00, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 2.12 and a beta of 1.22. J P Morgan Chase & Co has a twelve month low of $75.77 and a twelve month high of $102.42.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.09. The firm had revenue of $25.33 billion during 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 company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.58 EPS. sell-side analysts predict that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were issued a dividend of $0.56 per share. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Thursday, October 5th. J P Morgan Chase & Co’s payout ratio is currently 32.28%.

JPM has been the subject of several analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $95.00 price objective on shares of J P Morgan Chase & Co in a report on Friday, August 18th. Deutsche Bank AG cut J P Morgan Chase & Co from a “buy” rating to a “hold” rating and lifted their price objective for the company from $90.00 to $96.00 in a report on Tuesday, September 26th. Keefe, Bruyette & Woods set a $96.00 price objective on J P Morgan Chase & Co and gave the company a “hold” rating in a report on Saturday, August 19th. Berenberg Bank set a $65.00 price objective on J P Morgan Chase & Co and gave the company a “sell” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research cut J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. J P Morgan Chase & Co currently has an average rating of “Hold” and a consensus price target of $91.83.

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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