MEMBERS Trust Co Has $475,000 Stake in J P Morgan Chase & Co (JPM)

MEMBERS Trust Co boosted its position in J P Morgan Chase & Co (NYSE:JPM) by 4.4% during the third quarter, Holdings Channel reports. The fund owned 7,137 shares of the financial services provider’s stock after buying an additional 301 shares during the period. MEMBERS Trust Co’s holdings in J P Morgan Chase & Co were worth $475,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. raised its position in shares of 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 raised its position 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 raised its position in shares of 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 during the period. Hanson McClain Inc. raised its position in shares of 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 during the period. Finally, Reilly Financial Advisors LLC raised its position in shares of 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 during the period. 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 88.15 on Tuesday. The company’s 50-day moving average price is $85.96 and its 200-day moving average price is $74.98. J P Morgan Chase & Co has a 12 month low of $54.33 and a 12 month high of $88.74. The company has a market cap of $314.76 billion, a P/E ratio of 14.24 and a beta of 1.49.

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 consensus estimate of $1.42 by $0.29. J P Morgan Chase & Co had a return on equity of 10.91% and a net margin of 23.45%. The firm earned $24.30 billion during the quarter, compared to the consensus estimate of $23.48 billion. During the same period last year, the business posted $1.68 EPS. J P Morgan Chase & Co’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts forecast that J P Morgan Chase & Co will post $6.55 EPS for the current fiscal year.

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

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A number of equities analysts have weighed in on the company. Vetr lowered 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 report on Monday. Daiwa Capital Markets raised J P Morgan Chase & Co from a “hold” rating to an “outperform” rating in a research report on Tuesday, February 7th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of J P Morgan Chase & Co in a research report on Monday, January 23rd. Keefe, Bruyette & Woods lowered J P Morgan Chase & Co from an “outperform” rating to a “mkt perform” rating in a research report on Wednesday, January 18th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $89.00 target price on shares of J P Morgan Chase & Co in a research report on Tuesday, January 17th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nineteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $77.08.

In related news, insider Ashley Bacon sold 12,986 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $84.15, for a total value of $1,092,771.90. Following the completion of the transaction, the insider now directly owns 67,670 shares of the company’s stock, valued at approximately $5,694,430.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas B. Petno sold 6,728 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The shares were 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 directly owns 115,938 shares of the company’s stock, valued at $9,757,342.08. The disclosure for this sale can be found here. Insiders sold a total of 202,699 shares of company stock valued at $17,009,515 over the last ninety days. 0.85% of the stock is currently 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).

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