J P Morgan Chase & Co (JPM) is NJ State Employees Deferred Compensation Plan’s 2nd Largest Position

NJ State Employees Deferred Compensation Plan maintained its position in J P Morgan Chase & Co (NYSE:JPM) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 135,000 shares of the financial services provider’s stock at the close of the 2nd quarter. J P Morgan Chase & Co makes up about 2.3% of NJ State Employees Deferred Compensation Plan’s holdings, making the stock its 2nd biggest holding. NJ State Employees Deferred Compensation Plan’s holdings in J P Morgan Chase & Co were worth $12,339,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Barometer Capital Management Inc. raised its stake in J P Morgan Chase & Co by 30.6% in the 1st quarter. Barometer Capital Management Inc. now owns 392,100 shares of the financial services provider’s stock worth $34,442,000 after purchasing an additional 91,950 shares in the last quarter. Feltz Wealth PLAN Inc. acquired a new stake in J P Morgan Chase & Co in the 1st quarter worth about $243,000. Middleton & Co Inc MA raised its stake in J P Morgan Chase & Co by 30.5% in the 1st quarter. Middleton & Co Inc MA now owns 79,354 shares of the financial services provider’s stock worth $6,971,000 after purchasing an additional 18,524 shares in the last quarter. Courier Capital LLC raised its stake in J P Morgan Chase & Co by 1.5% in the 1st quarter. Courier Capital LLC now owns 36,257 shares of the financial services provider’s stock worth $3,185,000 after purchasing an additional 535 shares in the last quarter. Finally, Mount Vernon Associates Inc. MD raised its stake in J P Morgan Chase & Co by 1.1% in the 1st quarter. Mount Vernon Associates Inc. MD now owns 26,938 shares of the financial services provider’s stock worth $2,366,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 77.87% of the company’s stock.

In other news, General Counsel Stacey Friedman sold 9,968 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $90.55, for a total value of $902,602.40. Following the transaction, the general counsel now owns 10,527 shares in the company, valued at $953,219.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.88% of the stock is currently owned by company insiders.

Several analysts have weighed in on the stock. Barclays PLC lifted their price objective on shares of J P Morgan Chase & Co from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Nomura lifted their price objective on shares of J P Morgan Chase & Co from $87.00 to $91.00 and gave the stock a “neutral” rating in a research note on Friday, October 13th. Bank of America Corporation set a $102.00 price objective on shares of J P Morgan Chase & Co and gave the stock a “buy” rating in a research note on Friday, October 13th. Morgan Stanley lifted their price objective on shares of J P Morgan Chase & Co from $99.00 to $107.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Finally, Robert W. Baird lifted their price objective on shares of J P Morgan Chase & Co from $88.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, October 13th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. J P Morgan Chase & Co presently has an average rating of “Hold” and a consensus target price of $91.66.

COPYRIGHT VIOLATION WARNING: “J P Morgan Chase & Co (JPM) is NJ State Employees Deferred Compensation Plan’s 2nd Largest Position” was originally posted by Ticker Report and is the property of of Ticker Report. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/2982042/j-p-morgan-chase-co-jpm-is-nj-state-employees-deferred-compensation-plans-2nd-largest-position.html.

Shares of J P Morgan Chase & Co (NYSE JPM) opened at 100.92 on Wednesday. J P Morgan Chase & Co has a 1-year low of $67.64 and a 1-year high of $101.19. The company has a market capitalization of $356.72 billion, a price-to-earnings ratio of 14.54 and a beta of 1.18. The stock has a 50 day moving average of $94.84 and a 200-day moving average of $90.36.

J P Morgan Chase & Co (NYSE:JPM) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The firm had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. During the same quarter last year, the business earned $1.58 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. Analysts forecast that J P Morgan Chase & Co will post $6.90 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th will be issued a $0.56 dividend. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.22%. J P Morgan Chase & Co’s dividend payout ratio (DPR) is currently 32.28%.

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)

Receive News & Ratings for J P Morgan Chase & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J P Morgan Chase & Co and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.