CENTRAL TRUST Co raised its position in J P Morgan Chase & Co (NYSE:JPM) by 10.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,853 shares of the financial services provider’s stock after purchasing an additional 16,725 shares during the period. J P Morgan Chase & Co comprises about 1.0% of CENTRAL TRUST Co’s investment portfolio, making the stock its 24th largest position. CENTRAL TRUST Co’s holdings in J P Morgan Chase & Co were worth $15,616,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Grand Jean Capital Management Inc. lifted its holdings in J P Morgan Chase & Co by 33.3% in the 1st quarter. Grand Jean Capital Management Inc. now owns 26,788 shares of the financial services provider’s stock valued at $2,353,000 after purchasing an additional 6,688 shares in the last quarter. Thomaspartners Inc. increased its stake in shares of J P Morgan Chase & Co by 2.8% during the 1st quarter. Thomaspartners Inc. now owns 2,572,428 shares of the financial services provider’s stock valued at $225,962,000 after acquiring an additional 70,882 shares during the last quarter. State of Tennessee Treasury Department increased its stake in shares of J P Morgan Chase & Co by 11.4% during the 1st quarter. State of Tennessee Treasury Department now owns 3,211,518 shares of the financial services provider’s stock valued at $282,100,000 after acquiring an additional 329,297 shares during the last quarter. Baystate Wealth Management LLC increased its stake in shares of J P Morgan Chase & Co by 51.7% during the 1st quarter. Baystate Wealth Management LLC now owns 7,187 shares of the financial services provider’s stock valued at $614,000 after acquiring an additional 2,448 shares during the last quarter. Finally, Stoneridge Investment Partners LLC increased its stake in shares of J P Morgan Chase & Co by 3.6% during the 1st quarter. Stoneridge Investment Partners LLC now owns 90,495 shares of the financial services provider’s stock valued at $7,949,000 after acquiring an additional 3,156 shares during the last quarter. Institutional investors own 77.89% of the company’s stock.

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of J P Morgan Chase & Co in a research note on Wednesday. Deutsche Bank AG downgraded shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and upped their price objective for the company from $90.00 to $96.00 in a research note on Tuesday, September 26th. Robert W. Baird reaffirmed a “hold” rating and set a $88.00 price objective on shares of J P Morgan Chase & Co in a research note on Thursday, September 21st. Zacks Investment Research downgraded shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, BidaskClub raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $88.87.

J P Morgan Chase & Co (JPM) traded down 0.72% on Thursday, reaching $96.14. The company had a trading volume of 13,110,563 shares. The company has a market capitalization of $338.27 billion, a price-to-earnings ratio of 14.18 and a beta of 1.18. J P Morgan Chase & Co has a 12 month low of $66.74 and a 12 month high of $97.64. The company’s 50 day moving average price is $93.22 and its 200-day moving average price is $89.65.

J P Morgan Chase & Co (NYSE:JPM) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. The company 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 return on equity of 11.53% and a net margin of 24.13%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.58 earnings per share. On average, equities analysts predict that J P Morgan Chase & Co will post $6.79 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Thursday, October 5th. 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 is currently 33.14%.

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In related news, CFO Marianne Lake sold 17,596 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $91.58, for a total value of $1,611,441.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nicole Giles sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total value of $91,290.00. Following the completion of the sale, the insider now 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 sold 28,564 shares of company stock valued at $2,605,334 in the last quarter. 0.88% of the stock is currently owned by corporate 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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Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

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