Accredited Investors Inc. boosted its holdings in shares of J P Morgan Chase & Co (NYSE:JPM) by 8.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,672 shares of the financial services provider’s stock after buying an additional 1,012 shares during the quarter. J P Morgan Chase & Co makes up approximately 0.3% of Accredited Investors Inc.’s investment portfolio, making the stock its 26th biggest holding. Accredited Investors Inc.’s holdings in J P Morgan Chase & Co were worth $1,158,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. State Street Corp increased its holdings 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 valued at $14,979,775,000 after buying an additional 1,357,194 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in J P Morgan Chase & Co by 3.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 12,241,448 shares of the financial services provider’s stock valued at $1,118,869,000 after buying an additional 424,317 shares during the period. Pioneer Investment Management Inc. increased its holdings 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 valued at $650,272,000 after buying an additional 1,344,295 shares during the period. Swedbank increased its holdings in J P Morgan Chase & Co by 19.0% during the first quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock valued at $462,130,000 after buying an additional 840,518 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its holdings in J P Morgan Chase & Co by 13.0% during the second quarter. Diamond Hill Capital Management Inc. now owns 4,668,366 shares of the financial services provider’s stock valued at $426,689,000 after buying an additional 536,181 shares during the period. 78.97% of the stock is currently owned by institutional investors.

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J P Morgan Chase & Co (JPM) opened at $98.14 on Friday. J P Morgan Chase & Co has a fifty-two week low of $77.29 and a fifty-two week high of $102.42. 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 $341,660.00, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 2.11 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The company had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. During the same quarter in the previous year, the company earned $1.58 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. equities research analysts expect that J P Morgan Chase & Co will post 6.91 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were issued a $0.56 dividend. This is a boost 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 dividend on an annualized basis and a yield of 2.28%. J P Morgan Chase & Co’s payout ratio is presently 32.14%.

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 on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the transaction, the general counsel now owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.88% of the stock is currently owned by insiders.

Several equities analysts have issued reports on the stock. 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 report on Wednesday. Deutsche Bank AG lowered shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and lifted their price target for the stock from $90.00 to $96.00 in a report on Tuesday, September 26th. Keefe, Bruyette & Woods set a $96.00 price target on shares of J P Morgan Chase & Co and gave the stock a “hold” rating in a report on Saturday, August 19th. Berenberg Bank set a $65.00 price target on shares of J P Morgan Chase & Co and gave the stock a “sell” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research lowered shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have issued a buy rating to the stock. J P Morgan Chase & Co presently has an average rating of “Hold” and an average target price of $92.18.

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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