Eagle Capital Management LLC lowered its stake in J P Morgan Chase & Co (NYSE:JPM) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,683 shares of the financial services provider’s stock after selling 386 shares during the quarter. J P Morgan Chase & Co comprises about 1.7% of Eagle Capital Management LLC’s portfolio, making the stock its 22nd biggest holding. Eagle Capital Management LLC’s holdings in J P Morgan Chase & Co were worth $2,896,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. BSW Wealth Partners lifted its holdings in J P Morgan Chase & Co by 0.5% in the first quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 26 shares during the period. Weybosset Research & Management LLC lifted its holdings in J P Morgan Chase & Co by 0.9% in the first quarter. Weybosset Research & Management LLC now owns 3,406 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 30 shares during the period. Financial Advisory Service Inc. lifted its holdings in J P Morgan Chase & Co by 0.7% in the first quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 36 shares during the period. Keel Point LLC lifted its holdings in J P Morgan Chase & Co by 1.1% in the first quarter. Keel Point LLC now owns 3,365 shares of the financial services provider’s stock worth $296,000 after purchasing an additional 36 shares during the period. Finally, Carlson Capital Management lifted its holdings in J P Morgan Chase & Co by 1.2% in the first quarter. Carlson Capital Management now owns 4,084 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 47 shares during the period. 77.90% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This article was published by Daily Political and is the property of of Daily Political. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.dailypolitical.com/2017/09/24/j-p-morgan-chase-co-jpm-shares-sold-by-eagle-capital-management-llc.html.

Several research firms recently weighed in on JPM. Robert W. Baird reaffirmed a “hold” rating and issued a $88.00 price objective on shares of J P Morgan Chase & Co in a report on Thursday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $102.00 price objective on shares of J P Morgan Chase & Co in a report on Friday, September 15th. Vetr downgraded shares of 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 report on Tuesday, September 12th. Zacks Investment Research downgraded shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $86.00 price objective on shares of J P Morgan Chase & Co in a report on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $86.36.

Shares of J P Morgan Chase & Co (JPM) traded down 0.21% during midday trading on Friday, reaching $94.83. The company’s stock had a trading volume of 8,358,310 shares. The company has a 50-day moving average price of $91.64 and a 200-day moving average price of $89.00. The firm 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 12 month low of $65.11 and a 12 month high of $95.22.

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, beating the Zacks’ consensus estimate 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 business had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same quarter last year, the firm earned $1.55 EPS. J P Morgan Chase & Co’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities analysts expect that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, October 5th. 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 currently 29.59%.

In related news, General Counsel Stacey Friedman sold 9,968 shares of J P Morgan Chase & Co stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $90.55, for a total value of $902,602.40. Following the sale, the general counsel now owns 10,527 shares of the company’s stock, valued at approximately $953,219.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Marianne Lake sold 17,596 shares of J P Morgan Chase & Co 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. In the last three months, insiders sold 28,564 shares of company stock worth $2,605,334. 0.88% of the stock is owned by insiders.

J P Morgan Chase & Co Company 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)

Receive News & Ratings for J P Morgan Chase & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J P Morgan Chase & Co and related companies with MarketBeat.com's FREE daily email newsletter.