RB Capital Management LLC boosted its holdings in shares of J P Morgan Chase & Co (NYSE:JPM) by 11.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,025 shares of the financial services provider’s stock after buying an additional 1,159 shares during the quarter. RB Capital Management LLC’s holdings in J P Morgan Chase & Co were worth $1,008,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of JPM. Augustine Asset Management Inc. raised its position in J P Morgan Chase & Co by 71.7% during the 1st quarter. Augustine Asset Management Inc. now owns 35,135 shares of the financial services provider’s stock worth $3,086,000 after buying an additional 14,673 shares during the last quarter. Dynamic Advisors Solutions LLC raised its position in J P Morgan Chase & Co by 11.0% during the 1st quarter. Dynamic Advisors Solutions LLC now owns 16,001 shares of the financial services provider’s stock worth $1,406,000 after buying an additional 1,589 shares during the last quarter. Nexus Investment Management Inc. raised its position in J P Morgan Chase & Co by 1.9% during the 1st quarter. Nexus Investment Management Inc. now owns 338,395 shares of the financial services provider’s stock worth $29,725,000 after buying an additional 6,445 shares during the last quarter. Lynch & Associates IN raised its position in J P Morgan Chase & Co by 69.5% during the 1st quarter. Lynch & Associates IN now owns 7,984 shares of the financial services provider’s stock worth $701,000 after buying an additional 3,275 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in J P Morgan Chase & Co by 3.9% during the 1st quarter. Quadrant Capital Group LLC now owns 20,398 shares of the financial services provider’s stock worth $1,778,000 after buying an additional 774 shares during the last quarter. 77.90% of the stock is owned by institutional investors.

J P Morgan Chase & Co (JPM) traded down 0.21% on Friday, hitting $94.83. The stock had a trading volume of 8,358,310 shares. The stock’s 50 day moving average is $91.64 and its 200 day moving average is $89.00. The stock has a market cap of $333.66 billion, a price-to-earnings ratio of 13.99 and a beta of 1.19. J P Morgan Chase & Co has a one year low of $65.11 and a one year high of $95.22.

J P Morgan Chase & Co (NYSE:JPM) last posted 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. The business had revenue of $25.50 billion for 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 quarter last year, the company earned $1.55 earnings per share. Analysts anticipate that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.36%. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 29.59%.

A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $92.00 price target on shares of J P Morgan Chase & Co in a research report on Wednesday, June 7th. Credit Suisse Group raised their price objective on shares of J P Morgan Chase & Co from $102.00 to $103.00 and gave the stock an “outperform” rating in a research note on Friday, July 14th. Zacks Investment Research raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Tuesday, July 18th. BidaskClub cut shares of J P Morgan Chase & Co from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Vetr raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price objective on the stock in a research note on Wednesday, September 6th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $86.36.

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In related news, CFO Marianne Lake sold 17,596 shares of the 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 document filed with the SEC, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 9,968 shares of the stock in a transaction on Monday, August 21st. The shares were sold at an average price of $90.55, for a total value of $902,602.40. Following the sale, the general counsel now directly owns 10,527 shares in the company, valued at approximately $953,219.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,564 shares of company stock worth $2,605,334. Corporate insiders own 0.88% of the company’s stock.

J P Morgan Chase & Co 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.

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

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