Investment Counselors of Maryland LLC cut its position in J P Morgan Chase & Co (NYSE:JPM) by 2.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 41,358 shares of the financial services provider’s stock after selling 850 shares during the period. Investment Counselors of Maryland LLC’s holdings in J P Morgan Chase & Co were worth $2,754,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Family Firm Inc. boosted its position in shares of J P Morgan Chase & Co by 0.3% in the second quarter. Family Firm Inc. now owns 3,489 shares of the financial services provider’s stock worth $217,000 after buying an additional 11 shares in the last quarter. Marshwinds Advisory Co. boosted its position in shares of J P Morgan Chase & Co by 0.3% in the third quarter. Marshwinds Advisory Co. now owns 4,383 shares of the financial services provider’s stock worth $292,000 after buying an additional 11 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in shares of J P Morgan Chase & Co by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,014 shares of the financial services provider’s stock worth $125,000 after buying an additional 14 shares in the last quarter. Evanson Asset Management LLC boosted its position in shares of J P Morgan Chase & Co by 0.4% in the second quarter. Evanson Asset Management LLC now owns 4,969 shares of the financial services provider’s stock worth $309,000 after buying an additional 18 shares in the last quarter. Finally, ELM Advisors LLC boosted its position in shares of J P Morgan Chase & Co by 0.5% in the third quarter. ELM Advisors LLC now owns 4,013 shares of the financial services provider’s stock worth $267,000 after buying an additional 20 shares in the last quarter. 72.33% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

Shares of J P Morgan Chase & Co (NYSE:JPM) traded up 0.0728% during trading on Friday, hitting $86.3028. The stock had a trading volume of 21,702,339 shares. The stock has a market cap of $308.77 billion, a P/E ratio of 14.8875 and a beta of 1.54. The stock’s 50 day moving average price is $84.76 and its 200-day moving average price is $71.29. J P Morgan Chase & Co has a one year low of $52.50 and a one year high of $88.17.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Friday, January 13th. The financial services provider reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.29. The firm earned $24.30 billion during the quarter, compared to analysts’ expectations of $23.48 billion. J P Morgan Chase & Co had a net margin of 22.92% and a return on equity of 10.47%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $1.68 EPS. Analysts expect that J P Morgan Chase & Co will post $5.91 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, January 4th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.23%. J P Morgan Chase & Co’s payout ratio is currently 33.10%.

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A number of equities analysts recently commented on the company. Vetr raised J P Morgan Chase & Co from a “sell” rating to a “hold” rating and set a $82.89 target price on the stock in a report on Monday, December 19th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $88.00 price target (up from $77.00) on shares of J P Morgan Chase & Co in a report on Wednesday, November 30th. Macquarie reissued a “neutral” rating and set a $70.00 price target on shares of J P Morgan Chase & Co in a report on Monday, October 17th. RBC Capital Markets reissued a “buy” rating on shares of J P Morgan Chase & Co in a report on Saturday, December 17th. Finally, Citigroup Inc. reissued a “hold” rating and set a $65.00 price target on shares of J P Morgan Chase & Co in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-one have given a buy rating to the company. J P Morgan Chase & Co has a consensus rating of “Buy” and a consensus target price of $75.39.

In related news, CEO Mary E. Erdoes sold 25,542 shares of the stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $67.26, for a total transaction of $1,717,954.92. Following the completion of the transaction, the chief executive officer now owns 291,080 shares of the company’s stock, valued at approximately $19,578,040.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark O’donovan sold 4,035 shares of the stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $69.05, for a total transaction of $278,616.75. Following the transaction, the insider now directly owns 6,005 shares of the company’s stock, valued at approximately $414,645.25. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.

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 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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