Schwab Charles Investment Management Inc. raised its position in J P Morgan Chase & Co (NYSE:JPM) by 3.8% during the first quarter, Holdings Channel reports. The fund owned 11,817,131 shares of the financial services provider’s stock after buying an additional 430,584 shares during the period. J P Morgan Chase & Co accounts for about 1.0% of Schwab Charles Investment Management Inc.’s investment portfolio, making the stock its 7th largest position. Schwab Charles Investment Management Inc.’s holdings in J P Morgan Chase & Co were worth $1,038,017,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in JPM. Nicholas Investment Partners LP boosted its stake in shares of J P Morgan Chase & Co by 14.5% in the first quarter. Nicholas Investment Partners LP now owns 56,197 shares of the financial services provider’s stock worth $4,936,000 after buying an additional 7,133 shares in the last quarter. Brown Advisory Securities LLC boosted its stake in shares of J P Morgan Chase & Co by 0.7% in the first quarter. Brown Advisory Securities LLC now owns 51,972 shares of the financial services provider’s stock worth $4,566,000 after buying an additional 345 shares in the last quarter. Jacobson & Schmitt Advisors LLC purchased a new stake in shares of J P Morgan Chase & Co during the first quarter worth about $244,000. Stockman Wealth Management Inc. boosted its stake in shares of J P Morgan Chase & Co by 8.0% in the first quarter. Stockman Wealth Management Inc. now owns 39,074 shares of the financial services provider’s stock worth $3,432,000 after buying an additional 2,904 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in shares of J P Morgan Chase & Co by 27.1% in the first quarter. SRS Capital Advisors Inc. now owns 4,853 shares of the financial services provider’s stock worth $426,000 after buying an additional 1,035 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

J P Morgan Chase & Co (JPM) traded down 0.90% during midday trading on Thursday, hitting $92.69. The stock had a trading volume of 2,467,280 shares. J P Morgan Chase & Co has a 52-week low of $64.86 and a 52-week high of $95.22. The stock has a market cap of $326.13 billion, a PE ratio of 13.67 and a beta of 1.19. The company’s 50 day moving average price is $91.60 and its 200-day moving average price is $88.42.

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, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The firm had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The business’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 company posted $1.55 EPS. Analysts forecast that J P Morgan Chase & Co will post $6.81 EPS for the current fiscal year.

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

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A number of equities research analysts recently issued reports on JPM shares. Vetr upgraded J P Morgan Chase & Co from a “buy” rating to a “strong-buy” rating and set a $97.82 price objective on the stock in a research note on Wednesday, April 12th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $47.00 target price on shares of J P Morgan Chase & Co in a report on Friday, April 14th. Nomura reaffirmed a “neutral” rating and set a $83.00 target price on shares of J P Morgan Chase & Co in a report on Monday, April 17th. Guggenheim raised J P Morgan Chase & Co from a “neutral” rating to a “buy” rating and lifted their target price for the company from $88.25 to $96.00 in a report on Tuesday, April 25th. Finally, Vining Sparks raised J P Morgan Chase & Co to an “outperform” rating and set a $95.00 target price for the company in a report on Thursday, April 27th. Three 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 company’s stock. J P Morgan Chase & Co currently has a consensus rating of “Hold” and a consensus target price of $85.53.

In related news, insider Nicole Giles sold 1,000 shares of the business’s stock in a transaction 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 directly owns 3,783 shares in the company, valued at approximately $345,350.07. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Marianne Lake sold 17,596 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $91.58, for a total value of $1,611,441.68. The disclosure for this sale can be found here. 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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