Beech Hill Advisors Inc. raised its stake in J P Morgan Chase & Co (NYSE:JPM) by 2.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,565 shares of the financial services provider’s stock after buying an additional 150 shares during the period. Beech Hill Advisors Inc.’s holdings in J P Morgan Chase & Co were worth $509,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in JPM. Pacific Center for Financial Services purchased a new position in shares of J P Morgan Chase & Co during the fourth quarter valued at approximately $106,000. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of J P Morgan Chase & Co during the fourth quarter valued at approximately $125,000. Glacier Peak Capital LLC purchased a new position in shares of J P Morgan Chase & Co during the fourth quarter valued at approximately $129,000. Tortoise Investment Management LLC boosted its position in shares of J P Morgan Chase & Co by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock valued at $136,000 after buying an additional 1,283 shares during the last quarter. Finally, Horrell Capital Management Inc. boosted its position in shares of J P Morgan Chase & Co by 5.0% in the first quarter. Horrell Capital Management Inc. now owns 1,647 shares of the financial services provider’s stock valued at $145,000 after buying an additional 78 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Shares of J P Morgan Chase & Co (NYSE:JPM) traded up 0.17% on Monday, hitting $93.82. The stock had a trading volume of 2,977,549 shares. The stock has a market cap of $330.15 billion, a PE ratio of 13.84 and a beta of 1.19. The stock has a 50 day moving average of $90.52 and a 200-day moving average of $88.06. J P Morgan Chase & Co has a 12 month low of $63.65 and a 12 month high of $94.51.

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

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

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Several research analysts have commented on the stock. BidaskClub upgraded shares of J P Morgan Chase & Co from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Keefe, Bruyette & Woods raised their price target on shares of J P Morgan Chase & Co to $47.00 and gave the stock a “buy” rating in a report on Monday, April 17th. Vetr cut shares of J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 target price for the company. in a research note on Monday, June 12th. Vining Sparks upgraded shares of J P Morgan Chase & Co to an “outperform” rating and set a $95.00 target price for the company in a research note on Thursday, April 27th. Finally, Zacks Investment Research cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have issued a buy rating to the company’s stock. J P Morgan Chase & Co has a consensus rating of “Hold” and a consensus price target of $84.71.

In other J P Morgan Chase & Co news, CFO Marianne Lake sold 17,596 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ashley Bacon sold 6,514 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $87.21, for a total value of $568,085.94. Following the sale, the insider now directly owns 47,384 shares in the company, valued at $4,132,358.64. The disclosure for this sale can be found here. Insiders sold 25,110 shares of company stock worth $2,270,818 over the last 90 days. Company insiders own 0.85% of the company’s stock.

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 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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