J P Morgan Chase & Co (JPM) Position Held by Windsor Financial Group LLC

Windsor Financial Group LLC maintained its position in J P Morgan Chase & Co (NYSE:JPM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,545 shares of the financial services provider’s stock at the end of the second quarter. Windsor Financial Group LLC’s holdings in J P Morgan Chase & Co were worth $233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of J P Morgan Chase & Co by 0.8% during the 1st quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock valued at $14,979,775,000 after buying an additional 1,357,194 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of J P Morgan Chase & Co by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 17,769,351 shares of the financial services provider’s stock valued at $1,624,143,000 after buying an additional 369,878 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of J P Morgan Chase & Co by 3.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 12,241,448 shares of the financial services provider’s stock valued at $1,118,869,000 after buying an additional 424,317 shares in the last quarter. Pioneer Investment Management Inc. lifted its stake in shares of J P Morgan Chase & Co by 22.2% during the 1st quarter. Pioneer Investment Management Inc. now owns 7,402,919 shares of the financial services provider’s stock valued at $650,272,000 after buying an additional 1,344,295 shares in the last quarter. Finally, Swedbank lifted its stake in shares of J P Morgan Chase & Co by 19.0% during the 1st quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock valued at $462,130,000 after buying an additional 840,518 shares in the last quarter. Hedge funds and other institutional investors own 78.59% of the company’s stock.

A number of analysts recently 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 research note on Thursday, August 3rd. Wells Fargo & Company started coverage on shares of J P Morgan Chase & Co in a research note on Wednesday, August 9th. They set an “outperform” rating and a $110.00 price target on the stock. Bank of America Corporation set a $102.00 price target on shares of J P Morgan Chase & Co and gave the company a “buy” rating in a research note on Friday, October 13th. Jefferies Group LLC restated a “buy” rating and set a $102.00 price target on shares of J P Morgan Chase & Co in a research note on Friday, September 15th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $95.00 price target on shares of J P Morgan Chase & Co in a research note on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $92.18.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the transaction, the general counsel now owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.88% of the stock is owned by corporate insiders.

Shares of J P Morgan Chase & Co (NYSE JPM) opened at $98.32 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $341,143.47, a P/E ratio of 14.17, a P/E/G ratio of 2.13 and a beta of 1.22. J P Morgan Chase & Co has a twelve month low of $77.89 and a twelve month high of $102.42.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.09. The firm had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The business’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 earned $1.58 EPS. analysts forecast that J P Morgan Chase & Co will post 6.91 earnings per share 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 issued a $0.56 dividend. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, October 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.28%. J P Morgan Chase & Co’s dividend payout ratio is presently 32.28%.

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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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