Johnson Financial Group LLC reduced its stake in J P Morgan Chase & Co (NYSE:JPM) by 1.1% during the second quarter, Holdings Channel reports. The firm owned 9,027 shares of the financial services provider’s stock after selling 98 shares during the period. J P Morgan Chase & Co makes up 0.7% of Johnson Financial Group LLC’s investment portfolio, making the stock its 10th largest position. Johnson Financial Group LLC’s holdings in J P Morgan Chase & Co were worth $825,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of JPM. State Street Corp raised its position in shares of J P Morgan Chase & Co by 0.8% in the first quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock valued at $14,979,775,000 after buying an additional 1,357,194 shares during the period. Norges Bank purchased a new position in shares of J P Morgan Chase & Co during the fourth quarter valued at $2,897,377,000. Dodge & Cox purchased a new position in shares of J P Morgan Chase & Co during the fourth quarter valued at $2,297,616,000. Schwab Charles Investment Management Inc. raised its position in shares of J P Morgan Chase & Co by 3.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 11,817,131 shares of the financial services provider’s stock valued at $1,038,017,000 after buying an additional 430,584 shares during the period. Finally, Teachers Advisors LLC raised its position 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 valued at $717,698,000 after buying an additional 764,019 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of J P Morgan Chase & Co (NYSE:JPM) traded down 0.46% during trading on Wednesday, reaching $93.25. 5,883,430 shares of the company’s stock were exchanged. J P Morgan Chase & Co has a 52-week low of $64.86 and a 52-week high of $94.51. The company has a market capitalization of $328.15 billion, a PE ratio of 13.76 and a beta of 1.19. The company has a 50 day moving average price of $91.05 and a 200-day moving average price of $88.16.

J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. The firm had revenue of $25.50 billion for the quarter, compared to analyst estimates 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 revenue for the quarter 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. On average, equities analysts forecast that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.

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

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

In other news, CFO Marianne Lake sold 17,596 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $91.58, for a total transaction of $1,611,441.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicole Giles sold 1,000 shares of the company’s stock in a transaction that occurred on 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 $345,350.07. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,110 shares of company stock worth $2,270,818. Company 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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