LLBH Private Wealth Management LLC Grows Position in J P Morgan Chase & Co (JPM)

LLBH Private Wealth Management LLC increased its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 1.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,910 shares of the financial services provider’s stock after buying an additional 100 shares during the quarter. LLBH Private Wealth Management LLC’s holdings in J P Morgan Chase & Co were worth $814,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Pacific Center for Financial Services grew its stake in J P Morgan Chase & Co by 14.5% during the 1st quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock worth $123,000 after buying an additional 177 shares during the last quarter. Ullmann Financial Group Inc. purchased a new position in J P Morgan Chase & Co during the 1st quarter worth approximately $148,000. Northwest Investment Counselors LLC purchased a new position in J P Morgan Chase & Co during the 2nd quarter worth approximately $165,000. Capital Advisors Ltd. LLC grew its stake in J P Morgan Chase & Co by 53.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after buying an additional 670 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its stake in J P Morgan Chase & Co by 59.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,959 shares of the financial services provider’s stock worth $179,000 after buying an additional 731 shares during the last quarter. Hedge funds and other institutional investors own 78.59% of the company’s stock.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the 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 sale, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.88% of the stock is currently owned by corporate insiders.

Shares of J P Morgan Chase & Co (JPM) opened at $99.01 on Tuesday. J P Morgan Chase & Co has a one year low of $77.29 and a one year high of $102.42. The stock has a market capitalization of $343,360.00, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 2.13 and a beta of 1.22. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.09. The firm had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. J P Morgan Chase & Co’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.58 earnings per share. equities research analysts expect that J P Morgan Chase & Co will post 6.91 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.26%. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, October 5th. J P Morgan Chase & Co’s dividend payout ratio is presently 32.14%.

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Several research analysts have weighed in on the company. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of J P Morgan Chase & Co in a research note on Wednesday, October 11th. Deutsche Bank AG downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating and lifted their target price for the company from $90.00 to $96.00 in a research note on Tuesday, September 26th. Robert W. Baird reiterated a “hold” rating and issued a $88.00 target price on shares of J P Morgan Chase & Co in a research note on Thursday, September 21st. Zacks Investment Research downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, Vetr upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price target on the stock in a research note on Wednesday, September 6th. Three 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 stock. The company currently has a consensus rating of “Hold” and an average target price of $92.18.

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.

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

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