J P Morgan Chase & Co (JPM) Position Decreased by Colony Group LLC

Colony Group LLC reduced its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 2.2% during the third quarter, Holdings Channel reports. The firm owned 238,436 shares of the financial services provider’s stock after selling 5,247 shares during the period. J P Morgan Chase & Co makes up about 1.8% of Colony Group LLC’s portfolio, making the stock its 8th largest position. Colony Group LLC’s holdings in J P Morgan Chase & Co were worth $15,877,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of JPM. Sit Investment Associates Inc. boosted its stake in shares of J P Morgan Chase & Co by 10.0% in the third quarter. Sit Investment Associates Inc. now owns 664,070 shares of the financial services provider’s stock worth $44,220,000 after buying an additional 60,170 shares during the last quarter. Woodstock Corp boosted its stake in shares of J P Morgan Chase & Co by 1.2% in the third quarter. Woodstock Corp now owns 48,372 shares of the financial services provider’s stock worth $3,221,000 after buying an additional 565 shares during the last quarter. Murphy Capital Management Inc. boosted its stake in shares of J P Morgan Chase & Co by 1.7% in the third quarter. Murphy Capital Management Inc. now owns 101,103 shares of the financial services provider’s stock worth $6,732,000 after buying an additional 1,652 shares during the last quarter. Lourd Capital LLC boosted its stake in shares of J P Morgan Chase & Co by 15.0% in the second quarter. Lourd Capital LLC now owns 10,661 shares of the financial services provider’s stock worth $662,000 after buying an additional 1,389 shares during the last quarter. Finally, Markston International LLC boosted its stake in shares of J P Morgan Chase & Co by 1.3% in the third quarter. Markston International LLC now owns 171,338 shares of the financial services provider’s stock worth $11,409,000 after buying an additional 2,187 shares during the last quarter. Hedge funds and other institutional investors own 73.65% of the company’s stock.

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

J P Morgan Chase & Co (NYSE:JPM) opened at 88.15 on Tuesday. The company has a market capitalization of $314.76 billion, a PE ratio of 14.24 and a beta of 1.49. The stock’s 50 day moving average is $85.96 and its 200 day moving average is $74.98. J P Morgan Chase & Co has a 52 week low of $54.33 and a 52 week high of $88.74.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data on Friday, January 13th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.29. The firm earned $24.30 billion during the quarter, compared to the consensus estimate 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 business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 EPS. Analysts predict that J P Morgan Chase & Co will post $6.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th were given a dividend of $0.48 per share. The ex-dividend date was Wednesday, January 4th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.18%. J P Morgan Chase & Co’s dividend payout ratio is presently 31.02%.

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Several research firms recently commented on JPM. Vetr cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and set a $91.20 target price for the company. in a research note on Monday. Daiwa Capital Markets upgraded shares of J P Morgan Chase & Co from a “hold” rating to an “outperform” rating in a research note on Tuesday, February 7th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of J P Morgan Chase & Co in a research note on Monday, January 23rd. Keefe, Bruyette & Woods cut shares of J P Morgan Chase & Co from an “outperform” rating to a “mkt perform” rating in a research note on Wednesday, January 18th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $89.00 target price on shares of J P Morgan Chase & Co in a research note on Tuesday, January 17th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $77.08.

In other news, Director Daniel E. Pinto sold 40,433 shares of the company’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $84.15, for a total transaction of $3,402,436.95. Following the transaction, the director now owns 246,591 shares of the company’s stock, valued at approximately $20,750,632.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gordon Smith sold 65,865 shares of the company’s stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $83.67, for a total value of $5,510,924.55. Following the transaction, the insider now directly owns 237,466 shares in the company, valued at approximately $19,868,780.22. The disclosure for this sale can be found here. Insiders have sold a total of 202,699 shares of company stock worth $17,009,515 in the last ninety days. Insiders own 0.85% of the company’s stock.

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).

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