D.A. Davidson & CO. Buys 68,250 Shares of J P Morgan Chase & Co (JPM)

D.A. Davidson & CO. raised its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 19.1% during the third quarter, Holdings Channel reports. The firm owned 426,170 shares of the financial services provider’s stock after buying an additional 68,250 shares during the period. J P Morgan Chase & Co comprises about 0.7% of D.A. Davidson & CO.’s investment portfolio, making the stock its 25th largest position. D.A. Davidson & CO.’s holdings in J P Morgan Chase & Co were worth $28,373,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Jackson Grant Investment Advisers Inc. increased its position in J P Morgan Chase & Co by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,014 shares of the financial services provider’s stock worth $125,000 after buying an additional 14 shares during the period. CT Financial Advisors LLC boosted its stake in shares of J P Morgan Chase & Co by 4.2% in the third quarter. CT Financial Advisors LLC now owns 2,187 shares of the financial services provider’s stock worth $146,000 after buying an additional 89 shares during the period. Timber Creek Capital Management LLC increased its stake in J P Morgan Chase & Co by 82.2% in the third quarter. Timber Creek Capital Management LLC now owns 2,217 shares of the financial services provider’s stock worth $147,000 after buying an additional 1,000 shares in the last quarter. Hanson McClain Inc. increased its stake in J P Morgan Chase & Co by 1.3% in the second quarter. Hanson McClain Inc. now owns 2,384 shares of the financial services provider’s stock worth $148,000 after buying an additional 31 shares in the last quarter. Finally, Reilly Financial Advisors LLC increased its stake in J P Morgan Chase & Co by 13.0% in the third quarter. Reilly Financial Advisors LLC now owns 2,444 shares of the financial services provider’s stock worth $163,000 after buying an additional 281 shares in the last quarter. Institutional investors own 73.65% of the company’s stock.

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

Shares of J P Morgan Chase & Co (NYSE:JPM) opened at 89.56 on Wednesday. The company has a 50-day moving average of $86.06 and a 200 day moving average of $75.16. The company has a market cap of $319.79 billion, a PE ratio of 14.47 and a beta of 1.49. J P Morgan Chase & Co has a 12 month low of $54.33 and a 12 month high of $89.70.

J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings data on Friday, January 13th. The financial services provider reported $1.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.29. The business earned $24.30 billion during the quarter, compared to analyst estimates of $23.48 billion. J P Morgan Chase & Co had a return on equity of 10.91% and a net margin of 23.45%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.68 EPS. On average, analysts anticipate that J P Morgan Chase & Co will post $6.55 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. Investors of record on Friday, January 6th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.14%. The ex-dividend date was Wednesday, January 4th. J P Morgan Chase & Co’s dividend payout ratio is currently 31.02%.

This piece of content was first reported by sleekmoney and is owned by of sleekmoney. If you are reading this piece of content on another website, it was stolen and reposted in violation of international trademark and copyright law. The correct version of this piece of content can be accessed at http://sleekmoney.com/d-a-davidson-co-buys-68250-shares-of-j-p-morgan-chase-co-jpm/1661853.html.

Several equities research analysts recently commented on JPM shares. Credit Suisse Group reissued a “buy” rating and set a $78.00 price objective on shares of J P Morgan Chase & Co in a research note on Thursday, November 3rd. Vetr raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $71.81 target price for the company in a research note on Tuesday, November 1st. reaffirmed a “buy” rating and set a $79.00 target price on shares of J P Morgan Chase & Co in a research note on Tuesday, October 18th. RBC Capital Markets reiterated a “buy” rating on shares of J P Morgan Chase & Co in a report on Saturday, December 17th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of J P Morgan Chase & Co in a report on Friday, December 23rd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $77.08.

In related news, CEO Douglas B. Petno sold 6,728 shares of J P Morgan Chase & Co stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $84.16, for a total value of $566,228.48. Following the completion of the transaction, the chief executive officer now owns 115,938 shares in the company, valued at approximately $9,757,342.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daniel E. Pinto sold 40,433 shares of J P Morgan Chase & Co stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $84.15, for a total value of $3,402,436.95. Following the completion of the transaction, the director now owns 246,591 shares of the company’s stock, valued at approximately $20,750,632.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 202,699 shares of company stock valued at $17,009,515. 0.85% of the stock is owned by company insiders.

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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J P Morgan Chase & Co (NYSE:JPM).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/d-a-davidson-co-buys-68250-shares-of-j-p-morgan-chase-co-jpm/1661853.html

Receive News & Ratings for J P Morgan Chase & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J P Morgan Chase & Co and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *