IFC Holdings Incorporated FL boosted its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 13.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,307 shares of the financial services provider’s stock after acquiring an additional 2,702 shares during the quarter. IFC Holdings Incorporated FL’s holdings in J P Morgan Chase & Co were worth $2,035,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. IPG Investment Advisors LLC boosted its holdings in J P Morgan Chase & Co by 0.3% during the 2nd quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock valued at $608,000 after acquiring an additional 17 shares during the period. BSW Wealth Partners boosted its holdings in J P Morgan Chase & Co by 0.5% during the 1st quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 26 shares during the period. Financial Advisory Service Inc. boosted its holdings in J P Morgan Chase & Co by 0.7% during the 1st quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock valued at $442,000 after acquiring an additional 36 shares during the period. Keel Point LLC boosted its holdings in J P Morgan Chase & Co by 1.1% during the 1st quarter. Keel Point LLC now owns 3,365 shares of the financial services provider’s stock valued at $296,000 after acquiring an additional 36 shares during the period. Finally, Financial Consulate Inc. boosted its holdings in J P Morgan Chase & Co by 1.1% during the 2nd quarter. Financial Consulate Inc. now owns 4,075 shares of the financial services provider’s stock valued at $372,000 after acquiring an additional 44 shares during the period. Institutional investors own 78.97% of the company’s stock.

In related news, General Counsel Stacey Friedman sold 2,099 shares of J P Morgan Chase & Co stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the sale, the general counsel now directly owns 15,279 shares in the company, valued at $1,557,846.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.88% of the stock is owned by insiders.

A number of equities research analysts have issued reports on the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $105.00 price target on shares of J P Morgan Chase & Co in a research report on Wednesday. Jefferies Group LLC set a $111.00 price target on J P Morgan Chase & Co and gave the company a “buy” rating in a research report on Friday, October 13th. Vetr raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price target on the stock in a research report on Wednesday, September 6th. Keefe, Bruyette & Woods set a $96.00 price target on J P Morgan Chase & Co and gave the company a “hold” rating in a research report on Saturday, August 19th. Finally, BidaskClub lowered J P Morgan Chase & Co from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $92.18.

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J P Morgan Chase & Co (NYSE:JPM) opened at $97.27 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. J P Morgan Chase & Co has a 12 month low of $76.88 and a 12 month high of $102.42. The firm has a market capitalization of $339,547.38, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 2.12 and a beta of 1.22.

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, beating the Zacks’ consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The firm had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 billion. During the same period in the previous year, the business earned $1.58 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. equities research analysts predict that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were paid a $0.56 dividend. The ex-dividend date of this dividend 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 dividend yield of 2.30%. J P Morgan Chase & Co’s payout ratio is 32.28%.

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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