Sigma Planning Corp increased its position in J P Morgan Chase & Co (NYSE:JPM) by 9.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,102 shares of the financial services provider’s stock after purchasing an additional 4,362 shares during the quarter. Sigma Planning Corp’s holdings in J P Morgan Chase & Co were worth $4,671,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of JPM. Pacific Center for Financial Services grew its stake in J P Morgan Chase & Co by 14.5% in the 1st quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock valued at $123,000 after buying an additional 177 shares during the last quarter. Ullmann Financial Group Inc. acquired a new position in J P Morgan Chase & Co in the 1st quarter valued at about $148,000. Northwest Investment Counselors LLC acquired a new position in J P Morgan Chase & Co in the 2nd quarter valued at about $165,000. Capital Advisors Ltd. LLC grew its stake in J P Morgan Chase & Co by 53.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock valued at $177,000 after buying an additional 670 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new position in J P Morgan Chase & Co in the 2nd quarter valued at about $188,000. 78.97% of the stock is currently owned by institutional investors.
A number of research analysts recently commented on JPM shares. Zacks Investment Research upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Tuesday, July 18th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of J P Morgan Chase & Co in a research note on Friday, July 21st. BidaskClub lowered shares of J P Morgan Chase & Co from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Berenberg Bank set a $65.00 price target on shares of J P Morgan Chase & Co and gave the company a “sell” rating in a research note on Thursday, August 3rd. Finally, Wells Fargo & Company started coverage on shares of J P Morgan Chase & Co in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $110.00 price target on the stock. Three research 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 stock currently has a consensus rating of “Hold” and an average target price of $92.18.
J P Morgan Chase & Co (JPM) opened at $97.27 on Wednesday. The stock has a market cap of $339,547.38, a price-to-earnings ratio of 14.10, a PEG ratio of 2.12 and a beta of 1.22. J P Morgan Chase & Co has a 52 week low of $76.88 and a 52 week high of $102.42. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03.
J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.09. The firm 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 company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.58 earnings per share. sell-side analysts forecast that J P Morgan Chase & Co will post 6.91 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were paid a dividend of $0.56 per share. The ex-dividend date was Thursday, October 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.30%. 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 presently 32.28%.
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In other 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 transaction 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 Securities & Exchange Commission, which is available through this hyperlink. 0.88% of the stock is currently owned by company insiders.
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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