Atlantic Trust LLC bought a new stake in J P Morgan Chase & Co (NYSE:JPM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,485 shares of the financial services provider’s stock, valued at approximately $136,000.

Other institutional investors have also recently modified their holdings of the company. Pacific Center for Financial Services increased its holdings in J P Morgan Chase & Co by 14.5% during the 1st quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 177 shares in the last quarter. Ullmann Financial Group Inc. bought a new stake in J P Morgan Chase & Co during the 1st quarter worth approximately $148,000. Northwest Investment Counselors LLC bought a new stake in J P Morgan Chase & Co during the 2nd quarter worth approximately $165,000. Capital Advisors Ltd. LLC increased its holdings in J P Morgan Chase & Co by 53.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 670 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its holdings in J P Morgan Chase & Co by 59.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,959 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 731 shares in the last quarter. 73.93% of the stock is owned by institutional investors and hedge funds.

In related 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 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 document filed with the SEC, which is available through the SEC website. 0.88% of the stock is currently owned by corporate insiders.

J P Morgan Chase & Co (NYSE:JPM) traded down $0.85 during trading on Friday, reaching $104.66. The company had a trading volume of 13,034,200 shares, compared to its average volume of 13,997,970. J P Morgan Chase & Co has a fifty-two week low of $81.64 and a fifty-two week high of $108.40. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $366,090.78, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 2.29 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the 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 business had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 billion. During the same quarter in the prior year, the business earned $1.58 earnings per share. J P Morgan Chase & Co’s revenue for the quarter was up 2.6% on a year-over-year basis. equities analysts anticipate that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be paid a $0.56 dividend. The ex-dividend date is Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 2.14%. J P Morgan Chase & Co’s payout ratio is 32.28%.

A number of analysts have commented on the company. Royal Bank of Canada reissued a “buy” rating on shares of J P Morgan Chase & Co in a report on Friday, December 8th. Wells Fargo & Company boosted their price objective 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. Barclays boosted their price objective on J P Morgan Chase & Co from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Nomura boosted their price objective on J P Morgan Chase & Co from $87.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Finally, Bank of America set a $102.00 price objective on J P Morgan Chase & Co and gave the stock a “buy” rating in a report on Friday, October 13th. Three investment 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’s stock. The company presently has an average rating of “Hold” and a consensus target price of $92.18.

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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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