Peoples Financial Services CORP. increased its stake in J P Morgan Chase & Co (NYSE:JPM) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,630 shares of the financial services provider’s stock after buying an additional 75 shares during the period. Peoples Financial Services CORP.’s holdings in J P Morgan Chase & Co were worth $1,428,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pacific Center for Financial Services acquired a new position in J P Morgan Chase & Co during the fourth quarter worth $106,000. Northwest Quadrant Wealth Management LLC acquired a new position in J P Morgan Chase & Co during the fourth quarter worth $125,000. Thomas J. Herzfeld Advisors Inc. acquired a new position in J P Morgan Chase & Co during the fourth quarter worth $125,000. Glacier Peak Capital LLC acquired a new position in J P Morgan Chase & Co during the fourth quarter worth $129,000. Finally, Tortoise Investment Management LLC raised its position in J P Morgan Chase & Co by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,283 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.
J P Morgan Chase & Co (JPM) traded down 0.84% during trading on Friday, reaching $91.42. The company’s stock had a trading volume of 10,679,534 shares. The stock has a 50-day moving average price of $91.87 and a 200 day moving average price of $88.50. J P Morgan Chase & Co has a 52-week low of $64.86 and a 52-week high of $95.22. The company has a market cap of $321.66 billion, a PE ratio of 13.49 and a beta of 1.19.
J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The firm had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. On average, analysts expect that J P Morgan Chase & Co will post $6.81 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Thursday, July 6th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.19%. The ex-dividend date was Monday, July 3rd. J P Morgan Chase & Co’s dividend payout ratio (DPR) is currently 29.59%.
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A number of research firms recently weighed in on JPM. Keefe, Bruyette & Woods reissued a “hold” rating and set a $92.00 target price on shares of J P Morgan Chase & Co in a report on Wednesday, June 7th. Vetr lowered J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 target price on the stock. in a report on Monday, May 15th. UBS AG reissued a “buy” rating and set a $101.00 target price on shares of J P Morgan Chase & Co in a report on Monday, May 15th. Guggenheim raised J P Morgan Chase & Co from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $88.25 to $96.00 in a report on Tuesday, April 25th. Finally, Vining Sparks raised J P Morgan Chase & Co to an “outperform” rating and set a $95.00 target price on the stock in a report on Thursday, April 27th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $85.53.
In other J P Morgan Chase & Co news, CFO Marianne Lake sold 17,596 shares of J P Morgan Chase & Co stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicole Giles sold 1,000 shares of J P Morgan Chase & Co stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total value of $91,290.00. Following the sale, the insider now directly owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The disclosure for this sale can be found here. 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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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