Partnervest Advisory Services LLC grew its stake in J P Morgan Chase & Co (NYSE:JPM) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,000 shares of the financial services provider’s stock after acquiring an additional 411 shares during the period. J P Morgan Chase & Co accounts for 0.9% of Partnervest Advisory Services LLC’s holdings, making the stock its 21st biggest holding. Partnervest Advisory Services LLC’s holdings in J P Morgan Chase & Co were worth $2,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. IPG Investment Advisors LLC grew its stake in J P Morgan Chase & Co by 0.3% in the 2nd quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock worth $608,000 after acquiring an additional 17 shares in the last quarter. BSW Wealth Partners grew its stake in J P Morgan Chase & Co by 0.5% in the 1st quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 26 shares in the last quarter. Financial Advisory Service Inc. grew its stake in J P Morgan Chase & Co by 0.7% in the 1st quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock worth $442,000 after acquiring an additional 36 shares in the last quarter. Keel Point LLC grew its stake in J P Morgan Chase & Co by 1.1% in the 1st quarter. Keel Point LLC now owns 3,365 shares of the financial services provider’s stock worth $296,000 after acquiring an additional 36 shares in the last quarter. Finally, Financial Consulate Inc. boosted its stake in shares of J P Morgan Chase & Co by 1.1% during the second quarter. Financial Consulate Inc. now owns 4,075 shares of the financial services provider’s stock valued at $372,000 after purchasing an additional 44 shares in the last quarter. Institutional investors and hedge funds own 77.94% of the company’s stock.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 9,968 shares of J P Morgan Chase & Co stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $90.55, for a total transaction of $902,602.40. Following the transaction, the general counsel now directly owns 10,527 shares of the company’s stock, valued at $953,219.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is owned by insiders.

J P Morgan Chase & Co (NYSE JPM) opened at $97.51 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $338,333.00, a PE ratio of 14.05, a PEG ratio of 2.12 and a beta of 1.22. J P Morgan Chase & Co has a 52 week low of $75.77 and a 52 week high of $102.42.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.09. The firm had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the firm posted $1.58 earnings per share. research analysts anticipate that J P Morgan Chase & Co will post 6.91 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were paid a dividend of $0.56 per share. The ex-dividend date was Thursday, October 5th. This is an increase 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 2.30%. J P Morgan Chase & Co’s payout ratio is 32.28%.

JPM has been the topic of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of J P Morgan Chase & Co from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Vetr upgraded 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. Jefferies Group LLC reiterated a “buy” rating and set a $102.00 price objective on shares of J P Morgan Chase & Co in a research note on Friday, September 15th. Zacks Investment Research upgraded 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. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of J P Morgan Chase & Co in a research note on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $91.83.

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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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