Howe & Rusling Inc. Acquires 39,792 Shares of J P Morgan Chase & Co (JPM)

Howe & Rusling Inc. boosted its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 624.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,169 shares of the financial services provider’s stock after buying an additional 39,792 shares during the period. Howe & Rusling Inc.’s holdings in J P Morgan Chase & Co were worth $4,056,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of JPM. FMR LLC boosted its position in J P Morgan Chase & Co by 19.4% in the fourth quarter. FMR LLC now owns 96,587,143 shares of the financial services provider’s stock valued at $8,334,505,000 after buying an additional 15,715,835 shares in the last quarter. Shepherd Financial Partners LLC purchased a new position in J P Morgan Chase & Co during the fourth quarter valued at about $3,128,000. CHURCHILL MANAGEMENT Corp purchased a new position in J P Morgan Chase & Co during the first quarter valued at about $1,367,000. Michael & Susan Dell Foundation purchased a new position in J P Morgan Chase & Co during the fourth quarter valued at about $42,343,000. Finally, Guggenheim Capital LLC boosted its position in J P Morgan Chase & Co by 5.9% in the fourth quarter. Guggenheim Capital LLC now owns 1,234,560 shares of the financial services provider’s stock valued at $106,530,000 after buying an additional 68,720 shares in the last quarter. Hedge funds and other institutional investors own 74.26% of the company’s stock.

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

J P Morgan Chase & Co (JPM) opened at 86.18 on Friday. The firm’s 50-day moving average is $85.69 and its 200 day moving average is $86.73. The stock has a market cap of $306.14 billion, a price-to-earnings ratio of 13.27 and a beta of 1.22. J P Morgan Chase & Co has a 52 week low of $57.05 and a 52 week high of $93.98.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings results on Thursday, April 13th. The financial services provider reported $1.65 EPS for the quarter, beating the consensus estimate of $1.52 by $0.13. The company had revenue of $25.59 billion during the quarter, compared to analysts’ expectations of $24.40 billion. J P Morgan Chase & Co had a return on equity of 11.25% and a net margin of 23.82%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.35 EPS. On average, equities research analysts expect that J P Morgan Chase & Co will post $6.66 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Monday, July 3rd. J P Morgan Chase & Co’s dividend payout ratio (DPR) is 30.82%.

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JPM has been the subject of several analyst reports. BMO Capital Markets reiterated a “hold” rating on shares of J P Morgan Chase & Co in a research note on Wednesday, March 1st. Credit Suisse Group boosted their target price on shares of J P Morgan Chase & Co to $99.00 and gave the company a “buy” rating in a research note on Wednesday, March 15th. Rafferty Capital Markets reiterated a “buy” rating and issued a $97.00 target price (up from $96.00) on shares of J P Morgan Chase & Co in a research note on Tuesday, March 21st. Barclays PLC reiterated an “overweight” rating and issued a $100.00 target price on shares of J P Morgan Chase & Co in a research note on Monday, March 20th. Finally, Vetr upgraded shares of J P Morgan Chase & Co from a “buy” rating to a “strong-buy” rating and set a $97.82 target price for the company in a research note on Tuesday, April 4th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $82.01.

In other news, COO Matthew E. Zames sold 3,405 shares of the business’s stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $85.06, for a total transaction of $289,629.30. Following the completion of the sale, the chief operating officer now owns 329,019 shares in the company, valued at approximately $27,986,356.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 10,792 shares of the business’s stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $85.07, for a total value of $918,075.44. Following the sale, the general counsel now owns 63,344 shares of the company’s stock, valued at approximately $5,388,674.08. The disclosure for this sale can be found here. Insiders sold a total of 20,711 shares of company stock valued at $1,775,791 in the last 90 days. 0.85% of the stock is owned by company insiders.

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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