Diversified Portfolios Inc. acquired a new position in shares of J P Morgan Chase & Co (NYSE:JPM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,644 shares of the financial services provider’s stock, valued at approximately $232,000.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $2,897,377,000. Dodge & Cox purchased a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $2,297,616,000. Teachers Advisors LLC increased its stake in shares of J P Morgan Chase & Co by 10.1% in the fourth quarter. Teachers Advisors LLC now owns 8,317,280 shares of the financial services provider’s stock worth $717,698,000 after buying an additional 764,019 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of J P Morgan Chase & Co by 34.2% in the fourth quarter. AQR Capital Management LLC now owns 5,539,766 shares of the financial services provider’s stock worth $478,026,000 after buying an additional 1,411,214 shares in the last quarter. Finally, Swedbank increased its stake in shares of J P Morgan Chase & Co by 19.0% in the first quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock worth $462,130,000 after buying an additional 840,518 shares in the last quarter. 74.08% of the stock is currently owned by institutional investors.

Shares of J P Morgan Chase & Co (JPM) opened at 93.66 on Friday. J P Morgan Chase & Co has a 52 week low of $63.65 and a 52 week high of $94.51. The firm has a market cap of $329.59 billion, a PE ratio of 13.82 and a beta of 1.19. The company has a 50 day moving average of $90.52 and a 200 day moving average of $88.06.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.23. The business had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.55 earnings per share. On average, equities research analysts anticipate that J P Morgan Chase & Co will post $6.81 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 6th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Monday, July 3rd. J P Morgan Chase & Co’s payout ratio is currently 29.59%.

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JPM has been the topic of a number of recent analyst reports. Buckingham Research reaffirmed a “neutral” rating and issued a $100.00 target price (up from $94.00) on shares of J P Morgan Chase & Co in a research report on Monday, July 10th. Vetr raised shares of J P Morgan Chase & Co from a “buy” rating to a “strong-buy” rating and set a $97.82 target price on the stock in a research report on Wednesday, April 12th. Bank of America Corporation reaffirmed an “outperform” rating and issued a $99.00 target price on shares of J P Morgan Chase & Co in a research report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $93.00 target price on shares of J P Morgan Chase & Co in a research report on Thursday, July 6th. Finally, Nomura reaffirmed a “neutral” rating and issued a $83.00 target price on shares of J P Morgan Chase & Co in a research report on Monday, April 17th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $84.71.

In related news, insider Nicole Giles sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total value of $91,290.00. Following the completion of the sale, the insider now owns 3,783 shares of the company’s stock, valued at $345,350.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Marianne Lake sold 17,596 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The disclosure for this sale can be found here. Insiders sold 25,110 shares of company stock valued at $2,270,818 in the last ninety days. 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 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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