J P Morgan Chase & Co (JPM) Shares Sold by Tdam USA Inc.

Tdam USA Inc. lowered its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 4.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,716 shares of the financial services provider’s stock after selling 6,699 shares during the quarter. Tdam USA Inc.’s holdings in J P Morgan Chase & Co were worth $12,826,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. IPG Investment Advisors LLC boosted its position in J P Morgan Chase & Co by 0.3% during the second quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 17 shares during the period. BSW Wealth Partners boosted its position in J P Morgan Chase & Co by 0.5% during the first quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 26 shares during the period. Financial Advisory Service Inc. boosted its position in J P Morgan Chase & Co by 0.7% during the first quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 36 shares during the period. Keel Point LLC boosted its position in J P Morgan Chase & Co by 1.1% during the first quarter. Keel Point LLC now owns 3,365 shares of the financial services provider’s stock worth $296,000 after purchasing an additional 36 shares during the period. Finally, Financial Consulate Inc. boosted its position in J P Morgan Chase & Co by 1.1% during the second quarter. Financial Consulate Inc. now owns 4,075 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 44 shares during the period. 78.59% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another site, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2017/11/20/j-p-morgan-chase-co-jpm-shares-sold-by-tdam-usa-inc.html.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the sale, the general counsel now owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.88% of the stock is currently owned by company insiders.

Shares of J P Morgan Chase & Co (JPM) traded up $0.87 on Monday, reaching $99.01. The company’s stock had a trading volume of 9,482,826 shares, compared to its average volume of 13,916,297. 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 has a 12-month low of $77.29 and a 12-month high of $102.42. The company has a market capitalization of $343,360.00, a PE ratio of 14.14, a P/E/G ratio of 2.13 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The firm had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. During the same quarter last year, the business earned $1.58 earnings per share. The company’s revenue was up 2.6% compared to the same quarter last year. equities analysts expect that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.

The business also recently announced 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. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.26%. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s dividend payout ratio (DPR) is 32.14%.

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada reissued a “buy” rating and issued a $105.00 price objective on shares of J P Morgan Chase & Co in a research report on Wednesday, November 15th. Wells Fargo & Company increased their price objective on J P Morgan Chase & Co from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Barclays PLC increased their price objective on J P Morgan Chase & Co from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Nomura increased their price objective on J P Morgan Chase & Co from $87.00 to $91.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. Finally, Bank of America Corporation set a $102.00 price objective on J P Morgan Chase & Co and gave the company a “buy” 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 given a buy rating to the company. J P Morgan Chase & Co has an average rating of “Hold” and a consensus target price of $92.18.

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)

Receive News & Ratings for J P Morgan Chase & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J P Morgan Chase & Co and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply