Donaldson Capital Management LLC Sells 1,647 Shares of J P Morgan Chase & Co (JPM)

Donaldson Capital Management LLC cut its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 320,297 shares of the financial services provider’s stock after selling 1,647 shares during the period. J P Morgan Chase & Co makes up 3.3% of Donaldson Capital Management LLC’s holdings, making the stock its 7th biggest holding. Donaldson Capital Management LLC’s holdings in J P Morgan Chase & Co were worth $29,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in JPM. Harbour Capital Advisors LLC increased its position in shares of J P Morgan Chase & Co by 8,767.4% during the second quarter. Harbour Capital Advisors LLC now owns 2,794,464 shares of the financial services provider’s stock valued at $30,574,000 after acquiring an additional 2,762,950 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of J P Morgan Chase & Co in the first quarter valued at approximately $140,124,000. State Street Corp boosted its stake in shares of J P Morgan Chase & Co by 0.8% in the first quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock valued at $14,979,775,000 after purchasing an additional 1,357,194 shares during the period. Pioneer Investment Management Inc. boosted its stake in shares of J P Morgan Chase & Co by 22.2% in the first quarter. Pioneer Investment Management Inc. now owns 7,402,919 shares of the financial services provider’s stock valued at $650,272,000 after purchasing an additional 1,344,295 shares during the period. Finally, Hexavest Inc. boosted its stake in shares of J P Morgan Chase & Co by 33,815.1% in the second quarter. Hexavest Inc. now owns 904,516 shares of the financial services provider’s stock valued at $82,673,000 after purchasing an additional 901,849 shares during the period. Institutional investors and hedge funds own 78.97% of the company’s stock.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the business’s 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 directly owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.88% of the company’s stock.

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J P Morgan Chase & Co (NYSE:JPM) opened at $98.14 on Friday. The company has a market cap of $340,518.91, a price-to-earnings ratio of 14.14, a PEG ratio of 2.13 and a beta of 1.22. J P Morgan Chase & Co has a 1-year low of $77.29 and a 1-year high of $102.42. 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 (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 consensus estimate of $1.67 by $0.09. The company had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. J P Morgan Chase & Co’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.58 EPS. analysts predict that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were paid a $0.56 dividend. 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 2.28%. The ex-dividend date was Thursday, October 5th. J P Morgan Chase & Co’s payout ratio is currently 32.28%.

Several research analysts have recently commented on the stock. Keefe, Bruyette & Woods reissued a “hold” rating on shares of J P Morgan Chase & Co in a research note on Wednesday, October 11th. Deutsche Bank AG lowered shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and raised their price objective for the company from $90.00 to $96.00 in a research note on Tuesday, September 26th. Robert W. Baird reissued a “hold” rating and issued a $88.00 price objective on shares of J P Morgan Chase & Co in a research note on Thursday, September 21st. Zacks Investment Research lowered shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, Vetr raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price objective for the company in a research note on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have issued a buy rating to the stock. J P Morgan Chase & Co currently has an average rating of “Hold” and a consensus price target 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.

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

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