Regentatlantic Capital LLC trimmed its holdings in J P Morgan Chase & Co (NYSE:JPM) by 0.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,791 shares of the financial services provider’s stock after selling 187 shares during the period. Regentatlantic Capital LLC’s holdings in J P Morgan Chase & Co were worth $2,723,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in JPM. Grand Jean Capital Management Inc. boosted its holdings in J P Morgan Chase & Co by 33.3% in the 1st quarter. Grand Jean Capital Management Inc. now owns 26,788 shares of the financial services provider’s stock valued at $2,353,000 after purchasing an additional 6,688 shares during the period. Stillwater Investment Management LLC boosted its holdings in J P Morgan Chase & Co by 2.3% in 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 period. Gradient Investments LLC boosted its holdings in J P Morgan Chase & Co by 9.1% in the 2nd quarter. Gradient Investments LLC now owns 75,929 shares of the financial services provider’s stock valued at $6,940,000 after purchasing an additional 6,365 shares during the period. Thomaspartners Inc. boosted its holdings in J P Morgan Chase & Co by 2.8% in the 1st quarter. Thomaspartners Inc. now owns 2,572,428 shares of the financial services provider’s stock valued at $225,962,000 after purchasing an additional 70,882 shares during the period. Finally, Doyle Wealth Management boosted its holdings in J P Morgan Chase & Co by 1.1% in the 2nd quarter. Doyle Wealth Management now owns 175,460 shares of the financial services provider’s stock valued at $16,037,000 after purchasing an additional 1,988 shares during the period. Institutional investors and hedge funds own 77.90% of the company’s stock.

J P Morgan Chase & Co (JPM) traded down 1.1412% during trading on Monday, hitting $93.7478. 5,044,439 shares of the company’s stock were exchanged. J P Morgan Chase & Co has a 52-week low of $65.11 and a 52-week high of $95.37. The firm has a 50 day moving average price of $91.64 and a 200 day moving average price of $89.00. The company has a market cap of $329.85 billion, a price-to-earnings ratio of 13.8291 and a beta of 1.19. J P Morgan Chase & Co also was the recipient of unusually large options trading activity on Friday. Stock traders purchased 32,689 put options on the stock. This represents an increase of approximately 138% compared to the typical volume of 13,712 put options.

J P Morgan Chase & Co (NYSE:JPM) last released its earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The firm had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $1.55 EPS. On average, equities research analysts predict 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. Stockholders of record on Friday, October 6th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.36%. The ex-dividend date 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 29.59%.

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In other news, General Counsel Stacey Friedman sold 9,968 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $90.55, for a total value of $902,602.40. Following the completion of the sale, the general counsel now owns 10,527 shares in the company, valued at approximately $953,219.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction dated 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. Insiders sold a total of 28,564 shares of company stock valued at $2,605,334 in the last 90 days. Company insiders own 0.88% of the company’s stock.

Several research analysts have commented on JPM shares. BidaskClub raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Deutsche Bank AG reissued a “buy” rating on shares of J P Morgan Chase & Co in a report on Monday, July 3rd. Vetr downgraded shares of J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price target for the company. in a report on Monday, June 12th. Bank of America Corporation reissued a “buy” rating and issued a $99.00 price target on shares of J P Morgan Chase & Co in a report on Monday, July 17th. Finally, 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 target for the company in a report on Tuesday, July 18th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have assigned a buy rating to the company. J P Morgan Chase & Co presently has a consensus rating of “Hold” and an average price target of $86.36.

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.

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

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