Shufro Rose & Co. LLC cut its holdings in shares of J P Morgan Chase & Co (NYSE:JPM) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 220,204 shares of the financial services provider’s stock after selling 1,547 shares during the quarter. J P Morgan Chase & Co comprises 2.1% of Shufro Rose & Co. LLC’s portfolio, making the stock its 11th biggest holding. Shufro Rose & Co. LLC’s holdings in J P Morgan Chase & Co were worth $20,127,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Granite Investment Partners LLC grew its holdings in J P Morgan Chase & Co by 42.3% in the 1st quarter. Granite Investment Partners LLC now owns 23,538 shares of the financial services provider’s stock valued at $2,068,000 after buying an additional 7,000 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management grew its holdings in J P Morgan Chase & Co by 3.7% in the 1st quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 14,595 shares of the financial services provider’s stock valued at $1,282,000 after buying an additional 516 shares in the last quarter. Bartlett & Co. LLC grew its holdings in J P Morgan Chase & Co by 4.2% in the 1st quarter. Bartlett & Co. LLC now owns 88,152 shares of the financial services provider’s stock valued at $7,743,000 after buying an additional 3,584 shares in the last quarter. Moloney Securities Asset Management LLC grew its holdings in J P Morgan Chase & Co by 20.3% in the 1st quarter. Moloney Securities Asset Management LLC now owns 6,279 shares of the financial services provider’s stock valued at $552,000 after buying an additional 1,059 shares in the last quarter. Finally, Clarkston Capital Partners LLC acquired a new position in J P Morgan Chase & Co in the 1st quarter valued at $308,000. 78.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of J P Morgan Chase & Co (NYSE:JPM) opened at $98.14 on Monday. J P Morgan Chase & Co has a one year low of $77.29 and a one year high of $102.42. The company has a market capitalization of $340,518.91, a P/E ratio of 14.14, a P/E/G ratio of 2.13 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03.

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, topping the consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The business had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. During the same quarter last year, the firm posted $1.58 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. analysts forecast that J P Morgan Chase & Co will post 6.91 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were paid a dividend of $0.56 per share. The ex-dividend date was Thursday, October 5th. This represents a $2.24 annualized dividend and a yield of 2.28%. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s dividend payout ratio (DPR) is currently 32.28%.

A number of research analysts have commented on JPM shares. Wells Fargo & Company upped their price objective on J P Morgan Chase & Co from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Vetr raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 target price on the stock in a report on Wednesday, September 6th. Jefferies Group LLC reissued a “buy” rating and set a $102.00 target price on shares of J P Morgan Chase & Co in a report on Friday, September 15th. Zacks Investment Research lowered J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, BMO Capital Markets reissued a “hold” rating and set a $86.00 target price on shares of J P Morgan Chase & Co in a report on Friday, August 25th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. J P Morgan Chase & Co currently has a consensus rating of “Hold” and an average price target of $92.18.

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In related news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was 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 owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.88% 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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Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

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