Ballentine Partners LLC grew its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 19.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,589 shares of the financial services provider’s stock after buying an additional 4,099 shares during the quarter. Ballentine Partners LLC’s holdings in J P Morgan Chase & Co were worth $2,371,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Highstreet Asset Management Inc. lifted its holdings in J P Morgan Chase & Co by 28.7% in the second quarter. Highstreet Asset Management Inc. now owns 68,891 shares of the financial services provider’s stock valued at $6,297,000 after buying an additional 15,347 shares during the period. Colorado Capital Management Inc. lifted its holdings in J P Morgan Chase & Co by 12.3% in the second quarter. Colorado Capital Management Inc. now owns 2,863 shares of the financial services provider’s stock valued at $261,000 after buying an additional 314 shares during the period. GW Henssler & Associates Ltd. acquired a new position in J P Morgan Chase & Co in the second quarter valued at approximately $261,000. BARING ASSET MANAGEMENT Ltd lifted its holdings in J P Morgan Chase & Co by 6.5% in the second quarter. BARING ASSET MANAGEMENT Ltd now owns 66,496 shares of the financial services provider’s stock valued at $6,078,000 after buying an additional 4,042 shares during the period. Finally, Allegis Investment Advisors LLC lifted its holdings in J P Morgan Chase & Co by 11.1% in the second quarter. Allegis Investment Advisors LLC now owns 8,847 shares of the financial services provider’s stock valued at $809,000 after buying an additional 881 shares during the period. 78.59% of the stock is currently owned by hedge funds and other institutional investors.

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JPM has been the topic of several analyst reports. Berenberg Bank set a $65.00 price objective on shares of J P Morgan Chase & Co and gave the company a “sell” rating in a report on Thursday, August 3rd. Wells Fargo & Company initiated coverage on shares of J P Morgan Chase & Co in a report on Wednesday, August 9th. They issued an “outperform” rating and a $110.00 price objective on the stock. Bank of America Corporation set a $102.00 price objective on shares of J P Morgan Chase & Co and gave the company a “buy” rating in a report on Friday, October 13th. Jefferies Group LLC reiterated a “buy” rating and issued a $102.00 target price on shares of J P Morgan Chase & Co in a report on Friday, September 15th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $95.00 target price on shares of J P Morgan Chase & Co in a report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. J P Morgan Chase & Co has an average rating of “Hold” and a consensus price target of $92.18.

J P Morgan Chase & Co (NYSE:JPM) opened at $98.64 on Friday. The firm has a market cap of $343,502.84, a price-to-earnings ratio of 14.27, a P/E/G ratio of 2.15 and a beta of 1.22. J P Morgan Chase & Co has a 12-month low of $77.89 and a 12-month 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.

J P Morgan Chase & Co (NYSE:JPM) last released its earnings results 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. The business had revenue of $25.33 billion during the quarter, compared to the consensus estimate of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.58 earnings per share. equities analysts forecast that J P Morgan Chase & Co will post 6.91 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were given a $0.56 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.27%. This is an increase from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s dividend payout ratio (DPR) is 32.28%.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the firm’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 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 legal filing with the SEC, which can be accessed through the SEC website. 0.88% of the stock is currently owned by company insiders.

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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