Profund Advisors LLC lowered its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 7.6% during the first quarter, Holdings Channel reports. The institutional investor owned 213,471 shares of the financial services provider’s stock after selling 17,532 shares during the period. J P Morgan Chase & Co accounts for about 0.8% of Profund Advisors LLC’s investment portfolio, making the stock its 18th largest position. Profund Advisors LLC’s holdings in J P Morgan Chase & Co were worth $18,751,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in JPM. Foster & Motley Inc. increased its position in shares of J P Morgan Chase & Co by 0.8% in the first quarter. Foster & Motley Inc. now owns 93,234 shares of the financial services provider’s stock worth $8,190,000 after buying an additional 735 shares in the last quarter. IFC Holdings Incorporated FL increased its position in shares of J P Morgan Chase & Co by 29.9% in the first quarter. IFC Holdings Incorporated FL now owns 19,605 shares of the financial services provider’s stock worth $1,726,000 after buying an additional 4,512 shares in the last quarter. Rehmann Capital Advisory Group increased its position in shares of J P Morgan Chase & Co by 3.7% in the first quarter. Rehmann Capital Advisory Group now owns 34,392 shares of the financial services provider’s stock worth $3,021,000 after buying an additional 1,231 shares in the last quarter. Sigma Planning Corp increased its position in shares of J P Morgan Chase & Co by 4.0% in the first quarter. Sigma Planning Corp now owns 46,740 shares of the financial services provider’s stock worth $4,106,000 after buying an additional 1,795 shares in the last quarter. Finally, First Manhattan Co. increased its position in shares of J P Morgan Chase & Co by 10.9% in the first quarter. First Manhattan Co. now owns 179,910 shares of the financial services provider’s stock worth $11,980,000 after buying an additional 17,642 shares in the last quarter. Institutional investors own 74.25% of the company’s stock.

Shares of J P Morgan Chase & Co (JPM) opened at 91.39 on Tuesday. The stock has a market cap of $324.65 billion, a price-to-earnings ratio of 14.07 and a beta of 1.19. The firm has a 50-day moving average price of $85.98 and a 200-day moving average price of $87.09. J P Morgan Chase & Co has a 52 week low of $63.38 and a 52 week high of $94.51.

J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The company had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter in the previous year, the company earned $1.55 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities analysts anticipate that J P Morgan Chase & Co will post $6.79 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 2.19%. J P Morgan Chase & Co’s payout ratio is 29.59%.

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A number of research analysts recently issued reports on the company. Bank of America Corporation restated a “buy” rating and set a $99.00 price target on shares of J P Morgan Chase & Co in a report on Monday. Credit Suisse Group upped their target price on J P Morgan Chase & Co from $102.00 to $103.00 and gave the stock an “outperform” rating in a report on Friday. BidaskClub downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Buckingham Research reiterated a “neutral” rating and set a $100.00 target price (up previously from $94.00) on shares of J P Morgan Chase & Co in a report on Monday, July 10th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $93.00 target price on shares of J P Morgan Chase & Co in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $84.75.

In other news, Director James S. Crown acquired 11,500 shares of the business’s stock in a transaction on Wednesday, April 19th. The stock was bought at an average price of $85.48 per share, with a total value of $983,020.00. Following the completion of the acquisition, the director now owns 299,862 shares of the company’s stock, valued at $25,632,203.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ashley Bacon sold 6,514 shares of J P Morgan Chase & Co stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $87.21, for a total transaction of $568,085.94. Following the completion of the transaction, the insider now directly owns 47,384 shares of the company’s stock, valued at approximately $4,132,358.64. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by insiders.

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

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