CNA Financial Corp held its stake in J P Morgan Chase & Co (NYSE:JPM) during the first quarter, Holdings Channel reports. The firm owned 110,675 shares of the financial services provider’s stock at the end of the first quarter. J P Morgan Chase & Co comprises approximately 2.2% of CNA Financial Corp’s holdings, making the stock its 6th largest position. CNA Financial Corp’s holdings in J P Morgan Chase & Co were worth $9,722,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in JPM. AQR Capital Management LLC boosted its stake in J P Morgan Chase & Co by 34.2% in the fourth quarter. AQR Capital Management LLC now owns 5,539,766 shares of the financial services provider’s stock valued at $478,026,000 after buying an additional 1,411,214 shares during the period. Guggenheim Capital LLC boosted its stake in J P Morgan Chase & Co by 5.9% in the fourth quarter. Guggenheim Capital LLC now owns 1,234,560 shares of the financial services provider’s stock valued at $106,530,000 after buying an additional 68,720 shares during the period. Banco Santander S.A. bought a new stake in J P Morgan Chase & Co during the fourth quarter valued at $24,701,000. Ancora Advisors LLC boosted its stake in J P Morgan Chase & Co by 23.9% in the fourth quarter. Ancora Advisors LLC now owns 99,613 shares of the financial services provider’s stock valued at $8,595,000 after buying an additional 19,206 shares during the period. Finally, Glacier Peak Capital LLC bought a new stake in J P Morgan Chase & Co during the fourth quarter valued at $129,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

J P Morgan Chase & Co (JPM) traded down 0.84% during mid-day trading on Friday, reaching $91.42. The company had a trading volume of 10,679,534 shares. J P Morgan Chase & Co has a 52 week low of $65.11 and a 52 week high of $95.22. The stock has a 50 day moving average of $91.87 and a 200 day moving average of $88.50. The stock has a market capitalization of $321.66 billion, a price-to-earnings ratio of 13.49 and a beta of 1.19.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The firm 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%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.55 EPS. Analysts anticipate that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.

The company 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 dividend yield of 2.19%. J P Morgan Chase & Co’s dividend payout ratio is presently 29.59%.

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Several analysts recently weighed in on the stock. 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. Wells Fargo & Company assumed coverage on shares of J P Morgan Chase & Co in a report on Wednesday. They issued an “outperform” rating and a $110.00 price target on the stock. Buckingham Research reiterated a “neutral” rating and issued a $100.00 price target (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 target on shares of J P Morgan Chase & Co and gave the company a “sell” rating in a report on Thursday, August 3rd. Finally, Deutsche Bank AG reissued a “buy” rating on shares of J P Morgan Chase & Co in a research report on Monday, July 3rd. Three investment 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. J P Morgan Chase & Co has a consensus rating of “Hold” and an average target price of $85.53.

In related news, 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 transaction of $1,611,441.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $91,290.00. Following the transaction, the insider now directly owns 3,783 shares of the company’s stock, valued at $345,350.07. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by insiders.

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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