Jacobson & Schmitt Advisors LLC Invests $244,000 in J P Morgan Chase & Co (NYSE:JPM)

Jacobson & Schmitt Advisors LLC purchased a new stake in shares of J P Morgan Chase & Co (NYSE:JPM) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,781 shares of the financial services provider’s stock, valued at approximately $244,000.

A number of other hedge funds have also recently bought and sold shares of the business. Paradigm Financial Advisors LLC lifted its holdings in J P Morgan Chase & Co by 0.3% in the first quarter. Paradigm Financial Advisors LLC now owns 6,805 shares of the financial services provider’s stock valued at $597,000 after acquiring an additional 21 shares during the period. Weybosset Research & Management LLC lifted its holdings in J P Morgan Chase & Co by 0.9% in the first quarter. Weybosset Research & Management LLC now owns 3,406 shares of the financial services provider’s stock valued at $299,000 after acquiring an additional 30 shares during the period. Financial Advisory Service Inc. lifted its holdings in J P Morgan Chase & Co by 0.7% in the first quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock valued at $442,000 after acquiring an additional 36 shares during the period. Carlson Capital Management lifted its holdings in J P Morgan Chase & Co by 1.2% in the first quarter. Carlson Capital Management now owns 4,084 shares of the financial services provider’s stock valued at $359,000 after acquiring an additional 47 shares during the period. Finally, LVM Capital Management Ltd. MI lifted its holdings in J P Morgan Chase & Co by 1.5% in the first quarter. LVM Capital Management Ltd. MI now owns 3,428 shares of the financial services provider’s stock valued at $301,000 after acquiring an additional 52 shares during the period. 77.90% of the stock is currently owned by institutional investors.

J P Morgan Chase & Co (NYSE JPM) opened at 94.83 on Friday. The firm has a market cap of $333.66 billion, a PE ratio of 13.99 and a beta of 1.19. The stock has a 50 day moving average price of $91.64 and a 200 day moving average price of $89.00. J P Morgan Chase & Co has a one year low of $65.11 and a one year high of $95.22.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same period last year, the firm posted $1.55 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. Equities research analysts expect that J P Morgan Chase & Co will post $6.81 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, October 5th. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 2.36%. J P Morgan Chase & Co’s dividend payout ratio is currently 29.59%.

JPM has been the topic of several recent research reports. Buckingham Research reaffirmed a “neutral” rating and issued a $100.00 price objective (up previously from $94.00) on shares of J P Morgan Chase & Co in a research note on Monday, July 10th. Bank of America Corporation reiterated an “outperform” rating and set a $99.00 target price on shares of J P Morgan Chase & Co in a research report on Wednesday, June 21st. Keefe, Bruyette & Woods set a $96.00 target price on J P Morgan Chase & Co and gave the stock a “hold” rating in a research report on Saturday, August 19th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $93.00 target price on shares of J P Morgan Chase & Co in a research report on Thursday, July 6th. Finally, Vetr cut J P Morgan Chase & Co from a “buy” rating to a “hold” rating and set a $93.14 target price for the company. in a research report on Tuesday, September 12th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $86.36.

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In related news, General Counsel Stacey Friedman sold 9,968 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $90.55, for a total transaction of $902,602.40. Following the completion of the sale, the general counsel now directly owns 10,527 shares of the company’s stock, valued at $953,219.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nicole Giles sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total transaction of $91,290.00. Following the completion of the sale, the insider now owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,564 shares of company stock valued at $2,605,334. Company insiders own 0.88% of the company’s stock.

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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