J P Morgan Chase & Co (JPM) Stake Lifted by Liberty Capital Management Inc.

Liberty Capital Management Inc. increased its stake in J P Morgan Chase & Co (NYSE:JPM) by 23.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,711 shares of the financial services provider’s stock after acquiring an additional 2,413 shares during the period. Liberty Capital Management Inc.’s holdings in J P Morgan Chase & Co were worth $1,180,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of JPM. Karp Capital Management Corp bought a new position in shares of J P Morgan Chase & Co in the first quarter valued at approximately $140,124,000. State Street Corp boosted its holdings in shares of J P Morgan Chase & Co by 0.8% in the first 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 in the last quarter. Pioneer Investment Management Inc. boosted its holdings in shares of J P Morgan Chase & Co by 22.2% in the first 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 in the last quarter. Hexavest Inc. boosted its holdings in shares of J P Morgan Chase & Co by 33,815.1% in the second quarter. Hexavest Inc. now owns 904,516 shares of the financial services provider’s stock valued at $82,673,000 after acquiring an additional 901,849 shares in the last quarter. Finally, Swedbank boosted its holdings in shares of 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 valued at $462,130,000 after acquiring an additional 840,518 shares in the last quarter. Institutional investors and hedge funds own 77.89% of the company’s stock.

In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of the company’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total value of $91,290.00. Following the transaction, the insider now directly owns 3,783 shares in the company, valued at $345,350.07. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Marianne Lake sold 17,596 shares of the company’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $91.58, for a total transaction of $1,611,441.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,564 shares of company stock worth $2,605,334. Corporate insiders own 0.88% of the company’s stock.

J P Morgan Chase & Co (NYSE JPM) traded down 0.696% on Monday, reaching $96.245. 4,257,611 shares of the company were exchanged. The firm has a market capitalization of $338.64 billion, a PE ratio of 14.198 and a beta of 1.18. J P Morgan Chase & Co has a 12-month low of $66.74 and a 12-month high of $97.64. The stock has a 50 day moving average of $92.73 and a 200 day moving average of $89.44.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The firm had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same period in the prior year, the firm posted $1.55 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities analysts anticipate that J P Morgan Chase & Co will post $6.80 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th will be issued a $0.56 dividend. This is an increase from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Thursday, October 5th. J P Morgan Chase & Co’s payout ratio is currently 33.14%.

JPM has been the subject of several recent analyst reports. Buckingham Research reiterated a “neutral” rating and issued a $100.00 price objective (up from $94.00) on shares of J P Morgan Chase & Co in a report on Monday, July 10th. Bank of America Corporation reiterated an “outperform” rating and issued a $99.00 price objective on shares of J P Morgan Chase & Co in a report on Wednesday, June 21st. Keefe, Bruyette & Woods set a $96.00 price objective on shares of J P Morgan Chase & Co and gave the company a “hold” rating in a report on Saturday, August 19th. Credit Suisse Group reiterated an “outperform” 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. They noted that the move was a valuation call. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $93.00 target price on shares of J P Morgan Chase & Co in a research note on Thursday, July 6th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $88.87.

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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.

Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

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