Watch Point Trust Co raised its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 4.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 32,692 shares of the financial services provider’s stock after buying an additional 1,455 shares during the period. J P Morgan Chase & Co makes up 2.8% of Watch Point Trust Co’s investment portfolio, making the stock its 6th largest position. Watch Point Trust Co’s holdings in J P Morgan Chase & Co were worth $2,988,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Asset Management One Co. Ltd. raised its position in shares of J P Morgan Chase & Co by 1,138.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 6,754,863 shares of the financial services provider’s stock worth $582,667,000 after buying an additional 6,209,530 shares in the last quarter. Good Life Advisors LLC purchased a new position in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $263,000. Sii Investments Inc. WI raised its position in shares of J P Morgan Chase & Co by 7.6% in the fourth quarter. Sii Investments Inc. WI now owns 39,807 shares of the financial services provider’s stock worth $3,437,000 after buying an additional 2,815 shares in the last quarter. Axiom International Investors LLC DE raised its stake in J P Morgan Chase & Co by 39.2% in the fourth quarter. Axiom International Investors LLC DE now owns 27,000 shares of the financial services provider’s stock valued at $2,330,000 after buying an additional 7,610 shares during the period. Finally, Telemark Asset Management LLC bought a new stake in J P Morgan Chase & Co during the fourth quarter valued at about $8,629,000. Institutional investors and hedge funds own 74.84% of the company’s stock.

Shares of J P Morgan Chase & Co (NYSE JPM) traded up 0.10% during midday trading on Friday, reaching $90.74. The company had a trading volume of 13,040,738 shares. The firm has a market capitalization of $319.27 billion, a price-to-earnings ratio of 13.39 and a beta of 1.19. J P Morgan Chase & Co has a 52 week low of $65.11 and a 52 week high of $95.22. The stock has a 50-day moving average of $92.32 and a 200 day moving average of $88.70.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. The company had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. J P Morgan Chase & Co’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 earnings per share. On average, analysts anticipate that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.

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Several analysts recently weighed in on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $92.00 target price on shares of J P Morgan Chase & Co in a research report on Wednesday, June 7th. Vetr downgraded J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price objective for the company. in a research report on Monday, May 15th. UBS AG restated a “buy” rating and set a $101.00 price objective on shares of J P Morgan Chase & Co in a research report on Monday, May 15th. Vining Sparks upgraded J P Morgan Chase & Co to an “outperform” rating and set a $95.00 price objective for the company in a research report on Thursday, April 27th. Finally, Guggenheim upgraded J P Morgan Chase & Co from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $88.25 to $96.00 in a research report on Tuesday, April 25th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have issued a buy rating to the company. J P Morgan Chase & Co presently has a consensus rating of “Hold” and a consensus target price of $85.53.

In other news, CFO Marianne Lake sold 17,596 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $91.58, for a total transaction of $1,611,441.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nicole Giles sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total transaction of $91,290.00. Following the transaction, the insider now owns 3,783 shares in the company, valued at $345,350.07. The disclosure for this sale can be found here. 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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