Cape ANN Savings Bank Reduces Position in J P Morgan Chase & Co (NYSE:JPM)

Cape ANN Savings Bank reduced its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 5.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,464 shares of the financial services provider’s stock after selling 700 shares during the period. J P Morgan Chase & Co comprises about 1.5% of Cape ANN Savings Bank’s portfolio, making the stock its 23rd largest position. Cape ANN Savings Bank’s holdings in J P Morgan Chase & Co were worth $1,095,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in JPM. Holderness Investments Co. boosted its position in shares of J P Morgan Chase & Co by 0.7% in the fourth quarter. Holderness Investments Co. now owns 9,078 shares of the financial services provider’s stock worth $783,000 after buying an additional 65 shares during the period. Strycker View Capital LLC acquired a new position in shares of J P Morgan Chase & Co during the fourth quarter worth $29,125,000. Sullivan Bruyette Speros & Blaney LLC boosted its position in shares of J P Morgan Chase & Co by 6.4% in the fourth quarter. Sullivan Bruyette Speros & Blaney LLC now owns 18,120 shares of the financial services provider’s stock worth $1,564,000 after buying an additional 1,092 shares during the period. Radnor Capital Management LLC acquired a new position in shares of J P Morgan Chase & Co during the fourth quarter worth $3,947,000. Finally, Main Street Research LLC boosted its position in shares of J P Morgan Chase & Co by 0.3% in the fourth quarter. Main Street Research LLC now owns 146,210 shares of the financial services provider’s stock worth $12,616,000 after buying an additional 468 shares during the period. Hedge funds and other institutional investors own 74.25% of the company’s stock.

Shares of J P Morgan Chase & Co (NYSE:JPM) traded down 0.34% during midday trading on Friday, reaching $90.89. 10,971,292 shares of the company’s stock were exchanged. The company has a market capitalization of $319.84 billion, a PE ratio of 13.41 and a beta of 1.19. The firm has a 50-day moving average of $88.80 and a 200-day moving average of $87.74. J P Morgan Chase & Co has a 1-year low of $63.38 and a 1-year high of $94.51.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be given a $0.50 dividend. The ex-dividend date is Monday, July 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 2.20%. J P Morgan Chase & Co’s payout ratio is 29.59%.

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A number of research firms have recently commented on JPM. BidaskClub raised shares of J P Morgan Chase & Co from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Keefe, Bruyette & Woods boosted their target price on shares of J P Morgan Chase & Co to $47.00 and gave the stock a “buy” rating in a research report on Monday, April 17th. Vetr cut shares of 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. Vining Sparks raised shares of J P Morgan Chase & Co to an “outperform” rating and set a $95.00 target price on the stock in a research report on Thursday, April 27th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $85.00 price target on shares of J P Morgan Chase & Co in a report on Thursday, June 1st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $85.43.

In other J P Morgan Chase & Co news, insider Ashley Bacon sold 6,514 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $87.21, for a total transaction of $568,085.94. Following the transaction, the insider now owns 47,384 shares in the company, valued at $4,132,358.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total value of $91,290.00. Following the transaction, the insider now owns 3,783 shares in the company, valued at approximately $345,350.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,110 shares of company stock worth $2,270,818. Company insiders own 0.85% 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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