Afam Capital Inc. increased its holdings in shares of J P Morgan Chase & Co (NYSE:JPM) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,523 shares of the financial services provider’s stock after purchasing an additional 3,366 shares during the period. J P Morgan Chase & Co makes up about 1.4% of Afam Capital Inc.’s holdings, making the stock its 7th biggest position. Afam Capital Inc.’s holdings in J P Morgan Chase & Co were worth $10,833,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JPM. Rothschild Capital Partners LLC boosted its holdings in J P Morgan Chase & Co by 0.5% in the first quarter. Rothschild Capital Partners LLC now owns 120,841 shares of the financial services provider’s stock worth $10,615,000 after acquiring an additional 592 shares in the last quarter. Hennessy Advisors Inc. boosted its holdings in J P Morgan Chase & Co by 6.3% in the first quarter. Hennessy Advisors Inc. now owns 17,000 shares of the financial services provider’s stock worth $1,493,000 after acquiring an additional 1,000 shares in the last quarter. Verity & Verity LLC boosted its holdings in J P Morgan Chase & Co by 2.0% in the first quarter. Verity & Verity LLC now owns 98,169 shares of the financial services provider’s stock worth $8,624,000 after acquiring an additional 1,972 shares in the last quarter. Swedbank boosted its holdings in J P Morgan Chase & Co by 19.0% in the first quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock worth $462,130,000 after acquiring an additional 840,518 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its holdings in J P Morgan Chase & Co by 0.7% in the first quarter. North Star Investment Management Corp. now owns 267,316 shares of the financial services provider’s stock worth $23,481,000 after acquiring an additional 1,779 shares in the last quarter. 73.93% of the stock is owned by institutional investors and hedge funds.

J P Morgan Chase & Co (NYSE:JPM) traded down $1.34 during mid-day trading on Thursday, hitting $105.51. The stock had a trading volume of 15,020,200 shares, compared to its average volume of 14,001,980. J P Morgan Chase & Co has a 52 week low of $81.64 and a 52 week high of $108.40. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $370,740.19, a price-to-earnings ratio of 15.40, a PEG ratio of 2.32 and a beta of 1.22.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, January 4th. J P Morgan Chase & Co’s payout ratio is 32.28%.

Several research analysts have issued reports on JPM shares. Wells Fargo & Company increased their price target on 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. Vetr upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price target on the stock in a report on Wednesday, September 6th. Royal Bank of Canada reiterated a “buy” rating and issued a $105.00 price target on shares of J P Morgan Chase & Co in a report on Wednesday, November 15th. Jefferies Group reiterated a “buy” rating and issued a $102.00 price target on shares of J P Morgan Chase & Co in a report on Friday, September 15th. Finally, Zacks Investment Research lowered J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $92.18.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the 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 completion of the sale, the general counsel now directly owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.88% of the company’s stock.

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J P Morgan Chase & Co Company 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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