Giverny Capital Inc. maintained its position in J P Morgan Chase & Co (NYSE:JPM) during the first quarter, Holdings Channel reports. The firm owned 12,379 shares of the financial services provider’s stock at the end of the first quarter. J P Morgan Chase & Co accounts for approximately 0.2% of Giverny Capital Inc.’s holdings, making the stock its 18th largest position. Giverny Capital Inc.’s holdings in J P Morgan Chase & Co were worth $1,087,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in JPM. Glassman Wealth Services raised its position in J P Morgan Chase & Co by 14.1% in the fourth quarter. Glassman Wealth Services now owns 3,486 shares of the financial services provider’s stock valued at $301,000 after buying an additional 431 shares in the last quarter. Moloney Securities Asset Management LLC purchased a new position in J P Morgan Chase & Co during the fourth quarter valued at approximately $450,000. Polaris Capital Management LLC raised its position in J P Morgan Chase & Co by 25.6% in the fourth quarter. Polaris Capital Management LLC now owns 435,800 shares of the financial services provider’s stock valued at $37,605,000 after buying an additional 88,700 shares in the last quarter. Fiera Capital Corp raised its position in J P Morgan Chase & Co by 23.6% in the fourth quarter. Fiera Capital Corp now owns 465,425 shares of the financial services provider’s stock valued at $40,162,000 after buying an additional 88,723 shares in the last quarter. Finally, Girard Securities Inc. purchased a new position in J P Morgan Chase & Co during the fourth quarter valued at approximately $276,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

J P Morgan Chase & Co (NYSE:JPM) opened at 94.02 on Tuesday. J P Morgan Chase & Co has a one year low of $63.65 and a one year high of $94.51. The firm has a market cap of $330.86 billion, a P/E ratio of 13.87 and a beta of 1.19. The stock has a 50 day moving average price of $90.52 and a 200-day moving average price of $88.06.

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 the Thomson Reuters’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The business had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter in the previous year, the business posted $1.55 EPS. J P Morgan Chase & Co’s revenue for the quarter was up 4.6% on a year-over-year basis. Analysts predict that J P Morgan Chase & Co will post $6.81 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Thursday, July 6th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, July 3rd. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 29.59%.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by Daily Political and is owned by of Daily Political. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/08/08/j-p-morgan-chase-co-jpm-stake-maintained-by-giverny-capital-inc.html.

Several research firms have recently commented on JPM. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $93.00 price target on shares of J P Morgan Chase & Co in a research report on Thursday, July 6th. Buckingham Research reaffirmed a “neutral” rating and issued a $100.00 price objective (up previously from $94.00) on shares of J P Morgan Chase & Co in a report on Monday, July 10th. Berenberg Bank set a $65.00 price objective on shares of J P Morgan Chase & Co and gave the stock a “sell” rating in a report on Thursday, August 3rd. Deutsche Bank AG reaffirmed a “buy” rating on shares of J P Morgan Chase & Co in a report on Monday, July 3rd. Finally, BidaskClub raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $84.71.

In other news, insider Nicole Giles sold 1,000 shares of J P Morgan Chase & Co stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total transaction of $91,290.00. Following the transaction, the insider now owns 3,783 shares in the company, valued at approximately $345,350.07. The transaction 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 dated Thursday, May 11th. The shares were sold at an average price of $87.21, for a total value of $568,085.94. Following the transaction, the insider now owns 47,384 shares in the company, valued at approximately $4,132,358.64. The disclosure for this sale can be found here. Insiders have sold a total of 25,110 shares of company stock worth $2,270,818 in the last quarter. 0.85% of the stock is currently owned by company 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.

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J P Morgan Chase & Co (NYSE:JPM).

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

Receive News & Ratings for J P Morgan Chase & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J P Morgan Chase & Co and related companies with MarketBeat.com's FREE daily email newsletter.