Montecito Bank & Trust Sells 2,443 Shares of J P Morgan Chase & Co (JPM)

Montecito Bank & Trust lessened its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 13.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,430 shares of the financial services provider’s stock after selling 2,443 shares during the quarter. Montecito Bank & Trust’s holdings in J P Morgan Chase & Co were worth $1,410,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp boosted its position in 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 acquiring an additional 1,357,194 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in J P Morgan Chase & Co by 3.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 11,817,131 shares of the financial services provider’s stock valued at $1,038,017,000 after acquiring an additional 430,584 shares in the last quarter. Pioneer Investment Management Inc. boosted its position in 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 acquiring an additional 1,344,295 shares in the last quarter. Swedbank boosted its position in 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 acquiring an additional 840,518 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in J P Morgan Chase & Co by 7.2% during the 2nd quarter. Acadian Asset Management LLC now owns 4,008,721 shares of the financial services provider’s stock valued at $366,398,000 after acquiring an additional 268,722 shares in the last quarter. 77.89% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Montecito Bank & Trust Sells 2,443 Shares of J P Morgan Chase & Co (JPM)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/09/montecito-bank-trust-sells-2443-shares-of-j-p-morgan-chase-co-jpm.html.

Several analysts have issued reports on JPM shares. Vetr cut J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 target price on the stock. in a research report on Monday, June 12th. BidaskClub raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Deutsche Bank AG reissued a “buy” rating on shares of J P Morgan Chase & Co in a research report on Monday, July 3rd. Zacks Investment Research raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Tuesday, July 18th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $99.00 price objective on shares of J P Morgan Chase & Co in a research report on Monday, July 17th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $88.64.

J P Morgan Chase & Co (JPM) opened at 96.92 on Monday. J P Morgan Chase & Co has a 52 week low of $66.74 and a 52 week high of $97.64. The stock has a market cap of $341.01 billion, a price-to-earnings ratio of 14.30 and a beta of 1.18. The company has a 50 day moving average price of $92.72 and a 200 day moving average price of $89.44.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be issued a dividend of $0.56 per share. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, October 5th. J P Morgan Chase & Co’s dividend payout ratio is currently 33.14%.

In related news, CFO Marianne Lake sold 17,596 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $91.58, for a total transaction of $1,611,441.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel S

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp boosted its position in 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 acquiring an additional 1,357,194 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in J P Morgan Chase & Co by 3.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 11,817,131 shares of the financial services provider’s stock valued at $1,038,017,000 after acquiring an additional 430,584 shares in the last quarter. Pioneer Investment Management Inc. boosted its position in 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 acquiring an additional 1,344,295 shares in the last quarter. Swedbank boosted its position in 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 acquiring an additional 840,518 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in J P Morgan Chase & Co by 7.2% during the 2nd quarter. Acadian Asset Management LLC now owns 4,008,721 shares of the financial services provider’s stock valued at $366,398,000 after acquiring an additional 268,722 shares in the last quarter. 77.89% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Montecito Bank & Trust Sells 2,443 Shares of J P Morgan Chase & Co (JPM)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/09/montecito-bank-trust-sells-2443-shares-of-j-p-morgan-chase-co-jpm.html.

Several analysts have issued reports on JPM shares. Vetr cut J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 target price on the stock. in a research report on Monday, June 12th. BidaskClub raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Deutsche Bank AG reissued a “buy” rating on shares of J P Morgan Chase & Co in a research report on Monday, July 3rd. Zacks Investment Research raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Tuesday, July 18th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $99.00 price objective on shares of J P Morgan Chase & Co in a research report on Monday, July 17th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $88.64.

J P Morgan Chase & Co (JPM) opened at 96.92 on Monday. J P Morgan Chase & Co has a 52 week low of $66.74 and a 52 week high of $97.64. The stock has a market cap of $341.01 billion, a price-to-earnings ratio of 14.30 and a beta of 1.18. The company has a 50 day moving average price of $92.72 and a 200 day moving average price of $89.44.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be issued a dividend of $0.56 per share. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, October 5th. J P Morgan Chase & Co’s dividend payout ratio is currently 33.14%.

In related news, CFO Marianne Lake sold 17,596 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $91.58, for a total transaction of $1,611,441.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 9,968 shares of the 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 transaction, the general counsel now directly owns 10,527 shares of the company’s stock, valued at $953,219.85. The disclosure for this sale can be found here. Insiders have sold 28,564 shares of company stock valued at $2,605,334 over the last three months. 0.88% of the stock is currently owned by corporate insiders.

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.

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

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