Bronfman E.L. Rothschild L.P. Boosts Stake in J P Morgan Chase & Co (JPM)

Bronfman E.L. Rothschild L.P. Boosts Stake in J P Morgan Chase & Co (JPM)

Bronfman E.L. Rothschild L.P. increased its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 9.9% during the third quarter, Holdings Channel reports. The institutional investor owned 49,916 shares of the financial services provider’s stock after buying an additional 4,486 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in J P Morgan Chase & Co were worth $3,324,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Family Firm Inc. raised its position in shares of J P Morgan Chase & Co by 0.3% in the second quarter. Family Firm Inc. now owns 3,489 shares of the financial services provider’s stock worth $217,000 after buying an additional 11 shares in the last quarter. Marshwinds Advisory Co. increased its stake in shares of J P Morgan Chase & Co by 0.3% in the third quarter. Marshwinds Advisory Co. now owns 4,383 shares of the financial services provider’s stock valued at $292,000 after buying an additional 11 shares during the last quarter. Jackson Grant Investment Advisers Inc. increased its stake in shares of J P Morgan Chase & Co by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,014 shares of the financial services provider’s stock valued at $125,000 after buying an additional 14 shares during the last quarter. Evanson Asset Management LLC increased its stake in shares of J P Morgan Chase & Co by 0.4% in the second quarter. Evanson Asset Management LLC now owns 4,969 shares of the financial services provider’s stock valued at $309,000 after buying an additional 18 shares during the last quarter. Finally, ELM Advisors LLC increased its stake in shares of J P Morgan Chase & Co by 0.5% in the third quarter. ELM Advisors LLC now owns 4,013 shares of the financial services provider’s stock valued at $267,000 after buying an additional 20 shares during the last quarter. 73.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of J P Morgan Chase & Co (NYSE:JPM) traded down 0.05% during mid-day trading on Friday, hitting $86.71. The stock had a trading volume of 6,067,668 shares. The company has a market cap of $309.62 billion, a P/E ratio of 14.01 and a beta of 1.54. J P Morgan Chase & Co has a 1-year low of $52.50 and a 1-year high of $88.17. The firm’s 50 day moving average price is $85.72 and its 200 day moving average price is $72.87.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Friday, January 13th. The financial services provider reported $1.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.29. The business earned $24.30 billion during the quarter, compared to the consensus estimate of $23.48 billion. J P Morgan Chase & Co had a return on equity of 10.91% and a net margin of 23.45%. J P Morgan Chase & Co’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.68 earnings per share. Analysts predict that J P Morgan Chase & Co will post $6.54 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be issued a $0.48 dividend. The ex-dividend date is Wednesday, January 4th. This represents a $1.92 dividend on an annualized basis and a yield of 2.21%. J P Morgan Chase & Co’s payout ratio is 31.02%.

JPM has been the subject of several recent analyst reports. Nomura restated a “hold” rating and set a $65.00 target price on shares of J P Morgan Chase & Co in a research note on Thursday, September 29th. Zacks Investment Research upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday, October 5th. Sandler O’Neill downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a research note on Thursday, October 6th. Jefferies Group LLC increased their target price on J P Morgan Chase & Co from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, October 10th. Finally, Compass Point initiated coverage on J P Morgan Chase & Co in a research note on Tuesday, October 11th. They set a “sell” rating for the company. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eighteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $76.96.

In other J P Morgan Chase & Co news, insider Gordon Smith sold 65,865 shares of the stock in a transaction dated Wednesday, January 18th. The stock was sold at an average price of $83.67, for a total transaction of $5,510,924.55. Following the completion of the sale, the insider now directly owns 237,466 shares in the company, valued at approximately $19,868,780.22. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 12,986 shares of the stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $84.15, for a total value of $1,092,771.90. Following the sale, the insider now owns 67,670 shares of the company’s stock, valued at $5,694,430.50. The disclosure for this sale can be found here. Insiders sold 202,699 shares of company stock valued at $17,009,515 over the last 90 days. 0.85% of the stock is currently owned by company insiders.

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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

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