Two Sigma Securities LLC raised its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 122.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,856 shares of the financial services provider’s stock after buying an additional 8,174 shares during the period. Two Sigma Securities LLC’s holdings in J P Morgan Chase & Co were worth $1,305,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in JPM. Billings Capital Management LLC increased its position in J P Morgan Chase & Co by 38.3% in the fourth quarter. Billings Capital Management LLC now owns 14,767 shares of the financial services provider’s stock worth $1,274,000 after buying an additional 4,088 shares during the period. Cheviot Value Management LLC purchased a new position in J P Morgan Chase & Co during the fourth quarter worth approximately $377,000. SRS Capital Advisors Inc. purchased a new position in J P Morgan Chase & Co during the fourth quarter worth approximately $329,000. Wexford Capital LP increased its position in J P Morgan Chase & Co by 133.8% in the fourth quarter. Wexford Capital LP now owns 50,251 shares of the financial services provider’s stock worth $4,336,000 after buying an additional 28,759 shares during the period. Finally, Wallace Capital Management Inc. purchased a new position in J P Morgan Chase & Co during the fourth quarter worth approximately $213,000. Institutional investors own 74.06% of the company’s stock.

J P Morgan Chase & Co (NYSE:JPM) traded down 0.84% on Friday, reaching $91.42. 10,679,534 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $91.87 and its 200 day moving average price is $88.50. J P Morgan Chase & Co has a 52-week low of $65.11 and a 52-week high of $95.22. The firm has a market capitalization of $321.66 billion, a PE ratio of 13.49 and a beta of 1.19.

J P Morgan Chase & Co (NYSE:JPM) last announced its earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The company had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same period in the prior year, the business earned $1.55 earnings per share. J P Morgan Chase & Co’s quarterly revenue was up 4.6% on a year-over-year basis. On average, 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. Investors of record on Thursday, July 6th were issued a $0.50 dividend. The ex-dividend date was Monday, July 3rd. This represents a $2.00 annualized dividend and a yield of 2.19%. J P Morgan Chase & Co’s dividend payout ratio is currently 29.59%.

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A number of research firms recently commented on JPM. UBS AG reiterated a “buy” rating and issued a $101.00 price target on shares of J P Morgan Chase & Co in a research note on Monday, May 15th. Berenberg Bank set a $65.00 price target on J P Morgan Chase & Co and gave the stock a “sell” rating in a research note on Thursday, August 3rd. Instinet reiterated a “neutral” rating and issued a $84.00 price target (down from $87.00) on shares of J P Morgan Chase & Co in a research note on Saturday, June 3rd. Zacks Investment Research downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, BidaskClub downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. 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. The company has a consensus rating of “Hold” and an average price target of $85.53.

In related news, CFO Marianne Lake sold 17,596 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $91.58, for a total value of $1,611,441.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Nicole Giles sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the completion of 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. Corporate 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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