St. Louis Trust Co held its position in J P Morgan Chase & Co (NYSE:JPM) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,580 shares of the financial services provider’s stock at the end of the 2nd quarter. St. Louis Trust Co’s holdings in J P Morgan Chase & Co were worth $1,150,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. State Street Corp grew its holdings in shares of J P Morgan Chase & Co by 0.8% during the first quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock worth $14,979,775,000 after purchasing an additional 1,357,194 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of J P Morgan Chase & Co by 3.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 11,817,131 shares of the financial services provider’s stock worth $1,038,017,000 after purchasing an additional 430,584 shares during the last quarter. Pioneer Investment Management Inc. grew its holdings in shares of J P Morgan Chase & Co by 22.2% during the first quarter. Pioneer Investment Management Inc. now owns 7,402,919 shares of the financial services provider’s stock worth $650,272,000 after purchasing an additional 1,344,295 shares during the last quarter. Swedbank grew its holdings in shares of J P Morgan Chase & Co by 19.0% during the first quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock worth $462,130,000 after purchasing an additional 840,518 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its holdings in shares of J P Morgan Chase & Co by 13.0% during the second quarter. Diamond Hill Capital Management Inc. now owns 4,668,366 shares of the financial services provider’s stock worth $426,689,000 after purchasing an additional 536,181 shares during the last quarter. Institutional investors own 77.86% of the company’s stock.

Several equities analysts have issued reports on JPM shares. Buckingham Research reaffirmed a “neutral” rating and set a $100.00 price objective (up previously from $94.00) on shares of J P Morgan Chase & Co in a report on Monday, July 10th. Barclays PLC raised their price objective on J P Morgan Chase & Co from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Keefe, Bruyette & Woods set a $96.00 price objective on J P Morgan Chase & Co and gave the stock a “hold” rating in a report on Saturday, August 19th. Credit Suisse Group reaffirmed a “buy” rating and set a $110.00 price objective (up previously from $103.00) on shares of J P Morgan Chase & Co in a report on Monday, October 9th. They noted that the move was a valuation call. Finally, Oppenheimer Holdings Inc. reissued a “hold” rating on shares of J P Morgan Chase & Co in a report on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. J P Morgan Chase & Co presently has a consensus rating of “Hold” and an average price target of $91.83.

ILLEGAL ACTIVITY WARNING: This article was first reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://theolympiareport.com/2017/10/31/st-louis-trust-co-has-1150000-stake-in-j-p-morgan-chase-co-jpm.html.

J P Morgan Chase & Co (NYSE JPM) opened at 101.41 on Tuesday. The firm has a market capitalization of $358.45 billion, a P/E ratio of 14.61 and a beta of 1.18. J P Morgan Chase & Co has a 12 month low of $67.64 and a 12 month high of $102.42. The company’s 50 day moving average price is $96.21 and its 200 day moving average price is $90.83.

J P Morgan Chase & Co (NYSE:JPM) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The business had revenue of $25.33 billion during the quarter, compared to analyst estimates of $24.91 billion. During the same period in the prior year, the business earned $1.58 earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts anticipate that J P Morgan Chase & Co will post $6.91 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be paid a dividend of $0.56 per share. The ex-dividend date is Thursday, October 5th. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 2.21%. J P Morgan Chase & Co’s dividend payout ratio is currently 32.28%.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the sale, the general counsel now directly owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.88% of the stock is owned by corporate 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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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).

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

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 Analyst Ratings Network's FREE daily email newsletter.