Private Trust Co. NA boosted its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 6.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,074 shares of the financial services provider’s stock after purchasing an additional 4,167 shares during the period. J P Morgan Chase & Co comprises about 1.5% of Private Trust Co. NA’s investment portfolio, making the stock its 9th biggest position. Private Trust Co. NA’s holdings in J P Morgan Chase & Co were worth $6,770,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in JPM. LVM Capital Management Ltd. MI lifted its holdings in J P Morgan Chase & Co by 1.5% during the 1st quarter. LVM Capital Management Ltd. MI now owns 3,428 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 52 shares during the last quarter. First American Bank lifted its holdings in J P Morgan Chase & Co by 31.3% during the 1st quarter. First American Bank now owns 138,195 shares of the financial services provider’s stock valued at $12,139,000 after purchasing an additional 32,937 shares during the last quarter. Stillwater Investment Management LLC lifted its holdings in J P Morgan Chase & Co by 2.3% during the 1st quarter. Stillwater Investment Management LLC now owns 37,725 shares of the financial services provider’s stock valued at $3,314,000 after purchasing an additional 852 shares during the last quarter. E&G Advisors LP lifted its holdings in J P Morgan Chase & Co by 5.9% during the 1st quarter. E&G Advisors LP now owns 50,535 shares of the financial services provider’s stock valued at $4,439,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Regentatlantic Capital LLC lifted its holdings in J P Morgan Chase & Co by 5.7% during the 1st quarter. Regentatlantic Capital LLC now owns 29,978 shares of the financial services provider’s stock valued at $2,633,000 after purchasing an additional 1,624 shares during the last quarter. 77.90% of the stock is owned by hedge funds and other institutional investors.

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Several equities analysts recently issued reports on the stock. Instinet reissued a “neutral” rating and set a $84.00 price target (down from $87.00) on shares of J P Morgan Chase & Co in a report on Saturday, June 3rd. Vetr downgraded shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and set a $93.14 price target for the company. in a report on Tuesday, September 12th. Royal Bank Of Canada reissued a “buy” rating and set a $95.00 price target on shares of J P Morgan Chase & Co in a report on Friday, August 18th. BidaskClub downgraded shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, 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. Three investment 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. J P Morgan Chase & Co presently has a consensus rating of “Hold” and a consensus price target of $86.36.

In other news, General Counsel Stacey Friedman sold 9,968 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $90.55, for a total transaction of $902,602.40. Following the completion of 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 is accessible through this link. Also, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,564 shares of company stock valued at $2,605,334. Company insiders own 0.88% of the company’s stock.

J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. During the same quarter last year, the business earned $1.55 EPS. The company’s revenue was up 4.6% compared to the same quarter last year.

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

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)

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