Texan Capital Management Has $3.06 Million Holdings in J P Morgan Chase & Co (JPM)

Texan Capital Management raised its position in J P Morgan Chase & Co (NYSE:JPM) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,518 shares of the financial services provider’s stock after purchasing an additional 536 shares during the period. J P Morgan Chase & Co accounts for 2.1% of Texan Capital Management’s investment portfolio, making the stock its 14th biggest position. Texan Capital Management’s holdings in J P Morgan Chase & Co were worth $3,064,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. BSW Wealth Partners boosted its holdings in J P Morgan Chase & Co by 0.5% in the 1st quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 26 shares during the period. Financial Advisory Service Inc. boosted its holdings in J P Morgan Chase & Co by 0.7% in the 1st quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 36 shares during the period. Keel Point LLC boosted its holdings in J P Morgan Chase & Co by 1.1% in the 1st quarter. Keel Point LLC now owns 3,365 shares of the financial services provider’s stock valued at $296,000 after purchasing an additional 36 shares during the period. Blue Fin Capital Inc. boosted its holdings in J P Morgan Chase & Co by 0.3% in the 1st quarter. Blue Fin Capital Inc. now owns 19,508 shares of the financial services provider’s stock valued at $1,714,000 after purchasing an additional 65 shares during the period. Finally, Farmers National Bank boosted its holdings in J P Morgan Chase & Co by 0.7% in the 1st quarter. Farmers National Bank now owns 10,693 shares of the financial services provider’s stock valued at $712,000 after purchasing an additional 70 shares during the period. 77.90% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Nicole Giles sold 1,000 shares of the firm’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 transaction, the insider now owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Stacey Friedman sold 9,968 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $90.55, for a total transaction of $902,602.40. Following the completion of the transaction, the general counsel now directly owns 10,527 shares in the company, valued at approximately $953,219.85. The disclosure for this sale can be found here. Insiders sold a total of 28,564 shares of company stock worth $2,605,334 in the last ninety days. 0.88% of the stock is currently owned by insiders.

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Shares of J P Morgan Chase & Co (NYSE JPM) traded down 0.18% during trading on Friday, hitting $96.92. 10,231,853 shares of the company traded hands. The company has a 50 day moving average price of $92.72 and a 200 day moving average price of $89.44. The company has a market capitalization of $341.01 billion, a price-to-earnings ratio of 14.30 and a beta of 1.18. J P Morgan Chase & Co has a 52 week low of $66.74 and a 52 week high of $97.64.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The company had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.55 EPS. On average, analysts expect that J P Morgan Chase & Co will post $6.80 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend 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 (DPR) is currently 33.14%.

Several research analysts have commented on JPM shares. Berenberg Bank set a $65.00 price target on shares of J P Morgan Chase & Co and gave the company a “sell” rating in a report on Thursday, August 3rd. Wells Fargo & Company started coverage on shares of J P Morgan Chase & Co in a report on Wednesday, August 9th. They issued an “outperform” rating and a $110.00 price target for the company. Deutsche Bank AG reissued a “buy” rating on shares of J P Morgan Chase & Co in a report on Monday, July 3rd. Bank of America Corporation reissued a “buy” rating and issued a $99.00 price target on shares of J P Morgan Chase & Co in a report on Monday, July 17th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $93.00 price target on shares of J P Morgan Chase & Co in a report on Thursday, July 6th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. J P Morgan Chase & Co has an average rating of “Hold” and an average target price of $88.64.

J P Morgan Chase & Co 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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