Nichols & Pratt Advisers LLP MA maintained its position in JPMorgan Chase & Co. (NYSE:JPM) during the second quarter, Holdings Channel reports. The fund owned 27,123 shares of the financial services provider’s stock at the end of the second quarter. Nichols & Pratt Advisers LLP MA’s holdings in JPMorgan Chase & Co. were worth $1,685,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of JPM. Acrospire Investment Management LLC acquired a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $107,000. Vigilant Capital Management LLC increased its position in JPMorgan Chase & Co. by 22.1% in the second quarter. Vigilant Capital Management LLC now owns 2,079 shares of the financial services provider’s stock valued at $129,000 after buying an additional 376 shares during the period. Perkins Coie Trust Co increased its position in JPMorgan Chase & Co. by 10.2% in the second quarter. Perkins Coie Trust Co now owns 2,163 shares of the financial services provider’s stock valued at $134,000 after buying an additional 200 shares during the period. Physicians Financial Services Inc. increased its position in JPMorgan Chase & Co. by 12.2% in the second quarter. Physicians Financial Services Inc. now owns 2,432 shares of the financial services provider’s stock valued at $151,000 after buying an additional 265 shares during the period. Finally, Barnett & Company Inc. acquired a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $156,000. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. (NYSE:JPM) traded up 0.57% during midday trading on Wednesday, hitting $66.84. The company’s stock had a trading volume of 14,109,003 shares. JPMorgan Chase & Co. has a one year low of $52.50 and a one year high of $69.03. The company’s 50-day moving average is $66.18 and its 200 day moving average is $63.10. The company has a market cap of $241.39 billion, a price-to-earnings ratio of 11.33 and a beta of 1.65.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Thursday, July 14th. The financial services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.12. JPMorgan Chase & Co. had a return on equity of 10.20% and a net margin of 24.47%. The company had revenue of $24.40 billion for the quarter, compared to the consensus estimate of $23.84 billion. During the same quarter last year, the company earned $1.54 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts predict that JPMorgan Chase & Co. will post $5.65 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 6th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Tuesday, October 4th. JPMorgan Chase & Co.’s payout ratio is currently 32.54%.

Several research firms have commented on JPM. Vetr raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $68.05 price target on the stock in a research note on Tuesday, August 16th. Jefferies Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Sunday, July 17th. Societe Generale restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 6th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, September 13th. Finally, Macquarie cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $72.00 to $70.00 in a report on Friday, September 9th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $71.34.

In other JPMorgan Chase & Co. news, COO Matthew E. Zames sold 3,991 shares of the stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $63.91, for a total value of $255,064.81. Following the completion of the sale, the chief operating officer now directly owns 282,287 shares in the company, valued at $18,040,962.17. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Gordon Smith sold 23,735 shares of the stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $64.05, for a total value of $1,520,226.75. Following the completion of the sale, the executive vice president now owns 152,462 shares of the company’s stock, valued at $9,765,191.10. The disclosure for this sale can be found here. 0.85% of the stock is owned by company insiders.

About JPMorgan Chase & Co.

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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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