BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 3.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,717,032 shares of the financial services provider’s stock after selling 70,469 shares during the period. J P Morgan Chase & Co makes up 1.3% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings, making the stock its 7th biggest holding. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in J P Morgan Chase & Co were worth $156,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. David R. Rahn & Associates Inc. acquired a new stake in shares of J P Morgan Chase & Co during the second quarter valued at about $1,458,000. Ironwood Investment Management LLC increased its position in shares of J P Morgan Chase & Co by 61.9% during the second quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock valued at $609,000 after acquiring an additional 2,550 shares during the last quarter. Gamble Jones Investment Counsel increased its position in shares of J P Morgan Chase & Co by 0.6% during the second quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock valued at $4,566,000 after acquiring an additional 276 shares during the last quarter. Grove Bank & Trust increased its position in shares of J P Morgan Chase & Co by 16.9% during the second quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock valued at $895,000 after acquiring an additional 1,417 shares during the last quarter. Finally, Lee Danner & Bass Inc. increased its position in shares of J P Morgan Chase & Co by 0.4% during the second quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock valued at $1,599,000 after acquiring an additional 69 shares during the last quarter. Institutional investors and hedge funds own 78.97% of the company’s stock.

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A number of brokerages have weighed in on JPM. Jefferies Group LLC set a $111.00 price target on shares of J P Morgan Chase & Co and gave the company a “buy” rating in a research report on Friday, October 13th. Keefe, Bruyette & Woods set a $96.00 price objective on shares of J P Morgan Chase & Co and gave the company a “hold” rating in a research note on Saturday, August 19th. Vetr raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price objective for the company in a research note on Wednesday, September 6th. BidaskClub lowered shares of J P Morgan Chase & Co from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, BMO Capital Markets raised their price objective on shares of J P Morgan Chase & Co from $86.00 to $91.00 and gave the company a “market perform” rating in a research note on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $92.18.

J P Morgan Chase & Co (NYSE JPM) opened at $98.14 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 stock has a market cap of $340,518.91, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 2.13 and a beta of 1.22. J P Morgan Chase & Co has a 12 month low of $77.29 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.09. The company had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. J P Morgan Chase & Co’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.58 EPS. equities research analysts anticipate that J P Morgan Chase & Co will post 6.91 earnings per share 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 paid a $0.56 dividend. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Thursday, October 5th. J P Morgan Chase & Co’s payout ratio is currently 32.28%.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the business’s 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 transaction, the general counsel now directly owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.88% of the company’s stock.

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.

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

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