Hellman Jordan Management Co. Inc. MA bought a new position in J P Morgan Chase & Co (NYSE:JPM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,970 shares of the financial services provider’s stock, valued at approximately $545,000.

Other institutional investors also recently added to or reduced their stakes in the company. Forte Capital LLC ADV raised its stake in shares of J P Morgan Chase & Co by 8.5% in the first quarter. Forte Capital LLC ADV now owns 17,329 shares of the financial services provider’s stock worth $1,522,000 after purchasing an additional 1,356 shares during the last quarter. Sheets Smith Wealth Management increased its position in J P Morgan Chase & Co by 2.2% during the first quarter. Sheets Smith Wealth Management now owns 23,445 shares of the financial services provider’s stock valued at $2,059,000 after acquiring an additional 500 shares during the last quarter. GW&K Investment Management LLC increased its position in J P Morgan Chase & Co by 4.3% during the first quarter. GW&K Investment Management LLC now owns 297,774 shares of the financial services provider’s stock valued at $26,156,000 after acquiring an additional 12,382 shares during the last quarter. Gulf International Bank UK Ltd increased its position in J P Morgan Chase & Co by 1.1% during the first quarter. Gulf International Bank UK Ltd now owns 1,118,080 shares of the financial services provider’s stock valued at $98,212,000 after acquiring an additional 12,625 shares during the last quarter. Finally, Union Bankshares Corp increased its position in J P Morgan Chase & Co by 32.2% during the first quarter. Union Bankshares Corp now owns 55,369 shares of the financial services provider’s stock valued at $4,863,000 after acquiring an additional 13,483 shares during the last quarter. 77.90% of the stock is currently owned by institutional investors and hedge funds.

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In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of the business’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 value of $91,290.00. Following the sale, the insider now owns 3,783 shares of the company’s stock, valued at $345,350.07. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Marianne Lake sold 17,596 shares of the business’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 value of $1,611,441.68. The disclosure for this sale can be found here. Insiders sold 28,564 shares of company stock worth $2,605,334 over the last quarter. 0.88% of the stock is currently owned by insiders.

A number of analysts recently commented on JPM shares. Buckingham Research reiterated a “neutral” rating and set a $100.00 price objective (up previously from $94.00) on shares of J P Morgan Chase & Co in a research report on Monday, July 10th. Bank of America Corporation reiterated an “outperform” rating and set a $99.00 price objective on shares of J P Morgan Chase & Co in a research report on Wednesday, June 21st. Keefe, Bruyette & Woods set a $96.00 price objective on J P Morgan Chase & Co and gave the company a “hold” rating in a research report on Saturday, August 19th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $93.00 price objective on shares of J P Morgan Chase & Co in a research report on Thursday, July 6th. Finally, Vetr cut J P Morgan Chase & Co from a “buy” rating to a “hold” rating and set a $93.14 price objective for the company. in a research report on Tuesday, September 12th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $85.84.

Shares of J P Morgan Chase & Co (NYSE JPM) traded up 0.48% during midday trading on Thursday, hitting $95.05. The stock had a trading volume of 4,610,771 shares. The firm’s 50 day moving average price is $91.64 and its 200 day moving average price is $89.00. The firm has a market cap of $334.43 billion, a price-to-earnings ratio of 14.02 and a beta of 1.19. J P Morgan Chase & Co has a 52-week low of $65.11 and a 52-week high of $95.22.

J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. During the same period in the prior year, the firm posted $1.55 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities research analysts expect that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a yield of 2.37%. J P Morgan Chase & Co’s dividend payout ratio is currently 29.59%.

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.

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

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