Arcadia Investment Management Corp MI grew its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 1.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,935 shares of the financial services provider’s stock after acquiring an additional 75 shares during the period. Arcadia Investment Management Corp MI’s holdings in J P Morgan Chase & Co were worth $634,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in JPM. Harbour Capital Advisors LLC grew its position in shares of J P Morgan Chase & Co by 8,767.4% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,794,464 shares of the financial services provider’s stock valued at $30,574,000 after acquiring an additional 2,762,950 shares during the period. Karp Capital Management Corp bought a new position in shares of J P Morgan Chase & Co during the 1st quarter valued at approximately $140,124,000. State Street Corp grew its position in shares of J P Morgan Chase & Co by 0.8% during the 1st quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock valued at $14,979,775,000 after acquiring an additional 1,357,194 shares during the period. Pioneer Investment Management Inc. grew its position in shares of J P Morgan Chase & Co by 22.2% during the 1st quarter. Pioneer Investment Management Inc. now owns 7,402,919 shares of the financial services provider’s stock valued at $650,272,000 after acquiring an additional 1,344,295 shares during the period. Finally, Hexavest Inc. boosted its holdings in J P Morgan Chase & Co by 33,815.1% in the 2nd 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 period. 78.59% of the stock is owned by hedge funds and other institutional investors.

J P Morgan Chase & Co (JPM) opened at $98.93 on Wednesday. J P Morgan Chase & Co has a 52-week low of $77.76 and a 52-week high of $102.42. The stock has a market cap of $343,537.56, a PE ratio of 14.27, a price-to-earnings-growth ratio of 2.15 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 (NYSE:JPM) last released its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) 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 firm had revenue of $25.33 billion for 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 company’s revenue for the quarter was up 2.6% compared to the same quarter last year. 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 given 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 dividend yield of 2.26%. J P Morgan Chase & Co’s payout ratio is presently 32.28%.

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

Several research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of J P Morgan Chase & Co from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $105.00 price objective on shares of J P Morgan Chase & Co in a report on Wednesday, November 15th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of J P Morgan Chase & Co in a report on Wednesday, October 11th. Citigroup Inc. raised their price objective on shares of J P Morgan Chase & Co from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, October 6th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $110.00 price objective (up from $103.00) on shares of J P Morgan Chase & Co in a report on Monday, October 9th. They noted that the move was a valuation call. Three equities research 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’s stock. The stock presently has an average rating of “Hold” and a consensus price target 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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