Cetera Investment Advisers Purchases 1,375 Shares of J P Morgan Chase & Co (JPM)

Cetera Investment Advisers lifted its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 5.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,599 shares of the financial services provider’s stock after buying an additional 1,375 shares during the quarter. Cetera Investment Advisers’ holdings in J P Morgan Chase & Co were worth $2,605,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rothschild Capital Partners LLC grew its holdings in J P Morgan Chase & Co by 0.5% in 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 purchasing an additional 592 shares during the period. Hennessy Advisors Inc. grew its holdings in J P Morgan Chase & Co by 6.3% in the first quarter. Hennessy Advisors Inc. now owns 17,000 shares of the financial services provider’s stock valued at $1,493,000 after purchasing an additional 1,000 shares during the period. Verity & Verity LLC grew its holdings in J P Morgan Chase & Co by 2.0% in the first quarter. Verity & Verity LLC now owns 98,169 shares of the financial services provider’s stock valued at $8,624,000 after purchasing an additional 1,972 shares during the period. Swedbank lifted 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 in the last quarter. Finally, North Star Investment Management Corp. lifted 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 in the last quarter. Institutional investors and hedge funds own 73.93% of the company’s stock.

JPM has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $95.00 price target on shares of J P Morgan Chase & Co in a research report on Friday, August 18th. Keefe, Bruyette & Woods set a $96.00 price target on shares of J P Morgan Chase & Co and gave the company a “hold” rating in a research report on Saturday, August 19th. Zacks Investment Research raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Thursday, August 24th. BMO Capital Markets reissued a “hold” rating and set a $86.00 target price on shares of J P Morgan Chase & Co in a research report on Friday, August 25th. Finally, Vetr raised 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. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $92.18.

J P Morgan Chase & Co (NYSE JPM) traded down $1.34 during mid-day trading on Thursday, reaching $105.51. 15,020,200 shares of the company’s stock traded hands, compared to its average volume of 14,001,980. The company has a market capitalization of $370,740.19, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 2.32 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 12-month low of $81.64 and a 12-month high of $108.40.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders 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 annualized dividend and a dividend yield of 2.12%. J P Morgan Chase & Co’s dividend payout ratio is currently 32.28%.

In other 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 completion of the transaction, the general counsel now owns 15,279 shares in the company, valued at $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.88% of the stock is currently owned by corporate insiders.

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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)

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