Palladium Partners LLC lifted its holdings in J P Morgan Chase & Co (NYSE:JPM) by 0.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 381,024 shares of the financial services provider’s stock after purchasing an additional 1,701 shares during the period. J P Morgan Chase & Co makes up 2.8% of Palladium Partners LLC’s holdings, making the stock its 4th biggest holding. Palladium Partners LLC’s holdings in J P Morgan Chase & Co were worth $34,825,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in JPM. Pacific Center for Financial Services raised its position in J P Morgan Chase & Co by 14.5% in the 1st quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 177 shares during the last quarter. Ullmann Financial Group Inc. acquired a new position in J P Morgan Chase & Co in the 1st quarter valued at $148,000. Northwest Investment Counselors LLC acquired a new position in J P Morgan Chase & Co in the 2nd quarter valued at $165,000. Capital Advisors Ltd. LLC grew its stake in shares of J P Morgan Chase & Co by 53.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 670 shares during the period. Finally, Pecaut & CO. acquired a new position in shares of J P Morgan Chase & Co during the 2nd quarter worth $201,000. Hedge funds and other institutional investors own 77.94% of the company’s stock.
J P Morgan Chase & Co (NYSE:JPM) opened at $97.51 on Friday. The stock has a market cap of $338,333.00, a P/E ratio of 14.05, a PEG ratio of 2.12 and a beta of 1.22. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. J P Morgan Chase & Co has a 1-year low of $75.77 and a 1-year high of $102.42.
J P Morgan Chase & Co (NYSE:JPM) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The company had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. During the same quarter in the previous year, the company earned $1.58 EPS. J P Morgan Chase & Co’s revenue for the quarter was up 2.6% on a year-over-year basis. sell-side analysts predict that J P Morgan Chase & Co will post 6.91 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were issued a $0.56 dividend. The ex-dividend date was Thursday, October 5th. This is an increase 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 dividend yield of 2.30%. J P Morgan Chase & Co’s payout ratio is 32.28%.
JPM has been the topic of a number of research reports. Wells Fargo & Company increased their price objective on shares of J P Morgan Chase & Co from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Barclays PLC upped their target price on shares of J P Morgan Chase & Co from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Nomura increased their price objective on shares of J P Morgan Chase & Co from $87.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Bank of America Corporation set a $102.00 target price on shares of J P Morgan Chase & Co and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, Morgan Stanley increased their price objective on shares of J P Morgan Chase & Co from $99.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $91.83.
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In related news, General Counsel Stacey Friedman sold 2,099 shares of the company’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 approximately $1,557,846.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.88% of the company’s stock.
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.
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