BSC Private Wealth Management LLC increased its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 15.6% during the third quarter, Holdings Channel reports. The firm owned 5,141 shares of the financial services provider’s stock after buying an additional 692 shares during the period. BSC Private Wealth Management LLC’s holdings in J P Morgan Chase & Co were worth $342,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in J P Morgan Chase & Co by 2.1% in the second quarter. Vanguard Group Inc. now owns 229,636,598 shares of the financial services provider’s stock worth $14,269,618,000 after buying an additional 4,692,609 shares in the last quarter. Legal & General Group Plc boosted its position in J P Morgan Chase & Co by 3.7% in the second quarter. Legal & General Group Plc now owns 17,333,909 shares of the financial services provider’s stock worth $1,077,004,000 after buying an additional 617,513 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in J P Morgan Chase & Co by 1.5% in the third quarter. UBS Asset Management Americas Inc. now owns 13,303,093 shares of the financial services provider’s stock worth $885,852,000 after buying an additional 202,633 shares in the last quarter. Schroder Investment Management Group boosted its position in J P Morgan Chase & Co by 0.7% in the second quarter. Schroder Investment Management Group now owns 10,744,393 shares of the financial services provider’s stock worth $667,655,000 after buying an additional 78,223 shares in the last quarter. Finally, Sanders Capital LLC boosted its position in J P Morgan Chase & Co by 0.9% in the third quarter. Sanders Capital LLC now owns 9,290,326 shares of the financial services provider’s stock worth $633,451,000 after buying an additional 83,400 shares in the last quarter. 73.65% of the stock is owned by institutional investors and hedge funds.

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

J P Morgan Chase & Co (NYSE:JPM) opened at 90.53 on Friday. The firm has a market capitalization of $323.26 billion, a price-to-earnings ratio of 14.63 and a beta of 1.49. The firm has a 50-day moving average price of $86.28 and a 200 day moving average price of $75.38. J P Morgan Chase & Co has a 52 week low of $54.33 and a 52 week high of $91.04.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data on Friday, January 13th. The financial services provider reported $1.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.29. The company had revenue of $24.30 billion for the quarter, compared to analysts’ expectations of $23.48 billion. J P Morgan Chase & Co had a return on equity of 10.91% and a net margin of 23.45%. J P Morgan Chase & Co’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.68 EPS. On average, equities research analysts forecast that J P Morgan Chase & Co will post $6.55 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 31st. Investors of record on Friday, January 6th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, January 4th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.12%. J P Morgan Chase & Co’s dividend payout ratio is 31.02%.

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A number of research firms have issued reports on JPM. Vetr upgraded 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 research report on Monday, December 19th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $88.00 target price (up previously from $77.00) on shares of J P Morgan Chase & Co in a research report on Wednesday, November 30th. FBR & Co reiterated an “outperform” rating on shares of J P Morgan Chase & Co in a research report on Tuesday, January 17th. RBC Capital Markets reiterated a “buy” rating on shares of J P Morgan Chase & Co in a research report on Saturday, December 17th. Finally, CLSA reiterated a “buy” rating and issued a $79.00 target price on shares of J P Morgan Chase & Co in a research report on Wednesday, January 11th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nineteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $77.08.

In related news, insider Gordon Smith sold 65,865 shares of the firm’s stock in a transaction dated Wednesday, January 18th. The stock was sold at an average price of $83.67, for a total transaction of $5,510,924.55. Following the transaction, the insider now directly owns 237,466 shares of the company’s stock, valued at approximately $19,868,780.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas B. Petno sold 6,728 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $84.16, for a total value of $566,228.48. Following the transaction, the chief executive officer now directly owns 115,938 shares in the company, valued at $9,757,342.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 202,699 shares of company stock worth $17,009,515. 0.85% of the stock is currently owned by insiders.

About J P Morgan 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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