American Assets Investment Management LLC trimmed its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 169,115 shares of the financial services provider’s stock after selling 10,270 shares during the quarter. J P Morgan Chase & Co makes up 3.2% of American Assets Investment Management LLC’s portfolio, making the stock its 3rd biggest holding. American Assets Investment Management LLC’s holdings in J P Morgan Chase & Co were worth $15,457,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Pacific Center for Financial Services raised its holdings in shares of J P Morgan Chase & Co by 14.5% in the first quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 177 shares during the last quarter. Ullmann Financial Group Inc. acquired a new position in shares of J P Morgan Chase & Co in the first quarter worth $148,000. Northwest Investment Counselors LLC acquired a new position in shares of J P Morgan Chase & Co in the second quarter worth $165,000. Capital Advisors Ltd. LLC raised its holdings in shares of J P Morgan Chase & Co by 53.0% in the second quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 670 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its holdings in shares of J P Morgan Chase & Co by 59.5% in the second quarter. Tortoise Investment Management LLC now owns 1,959 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 731 shares during the last quarter. Institutional investors own 78.59% of the company’s stock.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the sale, the general counsel now owns 15,279 shares in the company, valued at $1,557,846.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.88% of the company’s stock.

Shares of J P Morgan Chase & Co (JPM) opened at $98.64 on Thursday. J P Morgan Chase & Co has a one year low of $77.89 and a one year high of $102.42. The stock has a market capitalization of $343,259.97, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 2.15 and a beta of 1.22. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37.

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 Thomson Reuters’ 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 analysts’ expectations of $24.91 billion. During the same quarter in the prior year, the firm posted $1.58 earnings per share. J P Morgan Chase & Co’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 paid a dividend of $0.56 per share. The ex-dividend date was Thursday, October 5th. This represents a $2.24 annualized dividend and a yield of 2.27%. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s dividend payout ratio is presently 32.28%.

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JPM has been the subject of several analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of J P Morgan Chase & Co in a research note on Wednesday, October 11th. Deutsche Bank AG lowered J P Morgan Chase & Co from a “buy” rating to a “hold” rating and upped their target price for the company from $90.00 to $96.00 in a research note on Tuesday, September 26th. Robert W. Baird reiterated a “hold” rating and issued a $88.00 target price on shares of J P Morgan Chase & Co in a research note on Thursday, September 21st. Zacks Investment Research lowered J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, Vetr upgraded 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 issued a buy rating to the company. J P Morgan Chase & Co currently has a consensus rating of “Hold” and a consensus 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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