Jones Collombin Investment Counsel Inc lowered its holdings in shares of J P Morgan Chase & Co (NYSE:JPM) by 1.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 114,362 shares of the financial services provider’s stock after selling 1,815 shares during the period. J P Morgan Chase & Co comprises 3.6% of Jones Collombin Investment Counsel Inc’s holdings, making the stock its 9th largest holding. Jones Collombin Investment Counsel Inc’s holdings in J P Morgan Chase & Co were worth $10,453,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in JPM. Harbour Capital Advisors LLC raised its stake in J P Morgan Chase & Co by 8,767.4% during the second quarter. Harbour Capital Advisors LLC now owns 2,794,464 shares of the financial services provider’s stock worth $30,574,000 after buying an additional 2,762,950 shares during the last quarter. Karp Capital Management Corp bought a new position in J P Morgan Chase & Co during the first quarter worth $140,124,000. State Street Corp raised its stake in J P Morgan Chase & Co by 0.8% during the first quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock worth $14,979,775,000 after buying an additional 1,357,194 shares during the last quarter. Pioneer Investment Management Inc. raised its stake in J P Morgan Chase & Co by 22.2% during the first quarter. Pioneer Investment Management Inc. now owns 7,402,919 shares of the financial services provider’s stock worth $650,272,000 after buying an additional 1,344,295 shares during the last quarter. Finally, Hexavest Inc. raised its stake in J P Morgan Chase & Co by 33,815.1% during the second quarter. Hexavest Inc. now owns 904,516 shares of the financial services provider’s stock worth $82,673,000 after buying an additional 901,849 shares during the last quarter. 78.97% of the stock is owned by hedge funds and other institutional investors.

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In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of J P Morgan Chase & Co stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the sale, the general counsel now owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.88% of the company’s stock.

A number of brokerages recently weighed in on JPM. Keefe, Bruyette & Woods reissued a “hold” rating on shares of J P Morgan Chase & Co in a research note on Wednesday, October 11th. Deutsche Bank AG downgraded shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and lifted their target price for the stock from $90.00 to $96.00 in a research note on Tuesday, September 26th. Robert W. Baird reissued a “hold” rating and set a $88.00 target price on shares of J P Morgan Chase & Co in a research note on Thursday, September 21st. Zacks Investment Research downgraded shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, Vetr raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 target price for the company in a research note on Wednesday, September 6th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $91.83.

Shares of J P Morgan Chase & Co (NYSE:JPM) opened at $97.51 on Monday. The company has a market cap of $338,330.00, a PE ratio of 14.05, a price-to-earnings-growth ratio of 2.12 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03. J P Morgan Chase & Co has a 12-month low of $75.77 and a 12-month high of $102.42.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.67 by $0.09. The business had revenue of $25.33 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $1.58 earnings per share. equities analysts forecast that J P Morgan Chase & Co will post 6.91 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were given a $0.56 dividend. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, October 5th. This represents a $2.24 annualized dividend and a yield of 2.30%. J P Morgan Chase & Co’s payout ratio is currently 32.14%.

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.

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

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