Northpointe Capital LLC lowered its stake in J P Morgan Chase & Co (NYSE:JPM) by 48.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 73,057 shares of the financial services provider’s stock after selling 69,684 shares during the period. Northpointe Capital LLC’s holdings in J P Morgan Chase & Co were worth $6,677,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Moloney Securities Asset Management LLC lifted its holdings in shares of J P Morgan Chase & Co by 20.3% during the 1st quarter. Moloney Securities Asset Management LLC now owns 6,279 shares of the financial services provider’s stock worth $552,000 after acquiring an additional 1,059 shares during the period. Clarkston Capital Partners LLC bought a new position in J P Morgan Chase & Co in the 1st quarter valued at approximately $308,000. Rothschild Capital Partners LLC lifted its stake in J P Morgan Chase & Co by 0.5% in the 1st 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 last quarter. Hennessy Advisors Inc. lifted its stake in J P Morgan Chase & Co by 6.3% in the 1st 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 last quarter. Finally, LaFleur & Godfrey LLC bought a new position in J P Morgan Chase & Co in the 1st quarter valued at approximately $11,107,000. Institutional investors and hedge funds own 78.59% of the company’s stock.
J P Morgan Chase & Co (NYSE:JPM) opened at $99.01 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. 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 cap of $343,360.00, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 2.13 and a beta of 1.22.
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 Zacks’ consensus estimate 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 business had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. During the same quarter in the previous year, the company earned $1.58 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. sell-side analysts expect that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.26%. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, October 5th. J P Morgan Chase & Co’s payout ratio is presently 32.14%.
Several equities analysts recently commented on the stock. 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 note on Wednesday, November 15th. 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 raised their price target on shares of J P Morgan Chase & Co from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Nomura raised their price target on shares of J P Morgan Chase & Co from $87.00 to $91.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Finally, Bank of America Corporation set a $102.00 price target on shares of J P Morgan Chase & Co and gave the company a “buy” rating in a research note on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $92.18.
In other news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the sale, 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 document filed with the SEC, which is available at this hyperlink. Insiders own 0.88% of the company’s stock.
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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.
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