Cpcm LLC boosted its position in J P Morgan Chase & Co (NYSE:JPM) by 55.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,878 shares of the financial services provider’s stock after buying an additional 17,060 shares during the period. Cpcm LLC’s holdings in J P Morgan Chase & Co were worth $2,794,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Pacific Center for Financial Services purchased a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth about $106,000. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth about $125,000. Tortoise Investment Management LLC boosted its stake in shares of J P Morgan Chase & Co by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,283 shares during the period. Horrell Capital Management Inc. boosted its stake in shares of J P Morgan Chase & Co by 5.0% in the first quarter. Horrell Capital Management Inc. now owns 1,647 shares of the financial services provider’s stock worth $145,000 after buying an additional 78 shares during the period. Finally, Ullmann Financial Group Inc. purchased a new stake in shares of J P Morgan Chase & Co during the first quarter worth about $148,000. 74.84% of the stock is owned by hedge funds and other institutional investors.

J P Morgan Chase & Co (JPM) traded down 0.15% on Monday, reaching $90.60. 3,963,981 shares of the company traded hands. J P Morgan Chase & Co has a 1-year low of $65.11 and a 1-year high of $95.22. The stock has a market capitalization of $318.78 billion, a price-to-earnings ratio of 13.36 and a beta of 1.19. 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 issued its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The firm had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same period last year, the company earned $1.55 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts anticipate that J P Morgan Chase & Co will post $6.81 EPS for the current year.

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A number of analysts have recently issued reports on JPM shares. Vetr cut shares of J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $99.01 price objective for the company. in a research note on Wednesday, April 26th. Guggenheim raised shares of J P Morgan Chase & Co from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $88.25 to $96.00 in a research note on Tuesday, April 25th. UBS AG reissued a “buy” rating and issued a $101.00 price objective on shares of J P Morgan Chase & Co in a research note on Monday, May 15th. Deutsche Bank AG reissued a “buy” rating on shares of J P Morgan Chase & Co in a research note on Monday, July 3rd. Finally, BidaskClub raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have assigned a buy rating to the company. J P Morgan Chase & Co currently has a consensus rating of “Hold” and a consensus price target of $85.66.

In other J P Morgan Chase & Co news, 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 sale, the insider now directly owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $91.58, for a total value of $1,611,441.68. The disclosure for this sale can be found here. 0.88% of the stock is currently 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.

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

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