J P Morgan Chase & Co (JPM) Position Decreased by Macguire Cheswick & Tuttle Investment Counsel LLC

Macguire Cheswick & Tuttle Investment Counsel LLC reduced its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 6.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,097 shares of the financial services provider’s stock after selling 15,832 shares during the quarter. J P Morgan Chase & Co makes up 4.5% of Macguire Cheswick & Tuttle Investment Counsel LLC’s holdings, making the stock its 2nd largest position. Macguire Cheswick & Tuttle Investment Counsel LLC’s holdings in J P Morgan Chase & Co were worth $22,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. 440 Investment Group LLC lifted its stake in shares of J P Morgan Chase & Co by 47.8% during the 2nd quarter. 440 Investment Group LLC now owns 20,997 shares of the financial services provider’s stock worth $1,919,000 after purchasing an additional 6,790 shares during the last quarter. LaFleur & Godfrey LLC lifted its stake in shares of J P Morgan Chase & Co by 1.7% during the 2nd quarter. LaFleur & Godfrey LLC now owns 128,541 shares of the financial services provider’s stock worth $11,749,000 after purchasing an additional 2,095 shares during the last quarter. Van Strum & Towne Inc. lifted its stake in shares of J P Morgan Chase & Co by 3.1% during the 2nd quarter. Van Strum & Towne Inc. now owns 46,688 shares of the financial services provider’s stock worth $4,267,000 after purchasing an additional 1,400 shares during the last quarter. CCM Investment Advisers LLC lifted its stake in shares of J P Morgan Chase & Co by 9.6% during the 2nd quarter. CCM Investment Advisers LLC now owns 109,831 shares of the financial services provider’s stock worth $10,038,000 after purchasing an additional 9,602 shares during the last quarter. Finally, Berkeley Capital Partners LLC lifted its stake in shares of J P Morgan Chase & Co by 73.8% during the 2nd quarter. Berkeley Capital Partners LLC now owns 11,950 shares of the financial services provider’s stock worth $1,092,000 after purchasing an additional 5,076 shares during the last quarter. Hedge funds and other institutional investors own 78.97% of the company’s stock.

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Shares of J P Morgan Chase & Co (NYSE:JPM) opened at $98.19 on Thursday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03. J P Morgan Chase & Co has a 1-year low of $76.88 and a 1-year high of $102.42. The company has a market capitalization of $337,500.22, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 2.11 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating 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 company had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. During the same period last year, the company earned $1.58 earnings per share. J P Morgan Chase & Co’s quarterly revenue was up 2.6% compared to the same quarter last year. equities research analysts anticipate that J P Morgan Chase & Co will post 6.91 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was 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 32.28%.

A number of equities research analysts recently weighed in on JPM shares. Royal Bank Of Canada restated a “buy” rating and set a $95.00 price objective on shares of J P Morgan Chase & Co in a research note on Friday, August 18th. Zacks Investment Research upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research note on Monday, July 31st. Vetr upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price target for the company in a research note on Wednesday, September 6th. Jefferies Group LLC reiterated a “buy” rating and issued a $102.00 price target on shares of J P Morgan Chase & Co in a research note on Friday, September 15th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $110.00 price target (up from $103.00) on shares of J P Morgan Chase & Co in a research note on Monday, October 9th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. J P Morgan Chase & Co presently has an average rating of “Hold” and an average price target of $92.18.

In other 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 value of $214,014.04. Following the transaction, the general counsel now owns 15,279 shares in the company, valued at $1,557,846.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.

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

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