Howard Capital Management reduced its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 1.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 145,439 shares of the financial services provider’s stock after selling 2,122 shares during the period. J P Morgan Chase & Co accounts for approximately 2.1% of Howard Capital Management’s holdings, making the stock its 21st largest position. Howard Capital Management’s holdings in J P Morgan Chase & Co were worth $13,293,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of JPM. Mitchell Mcleod Pugh & Williams Inc. boosted its position in shares of J P Morgan Chase & Co by 1.1% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 19,372 shares of the financial services provider’s stock valued at $1,771,000 after buying an additional 202 shares in the last quarter. Baystate Wealth Management LLC boosted its position in shares of J P Morgan Chase & Co by 6.5% in the second quarter. Baystate Wealth Management LLC now owns 7,656 shares of the financial services provider’s stock valued at $700,000 after buying an additional 469 shares in the last quarter. Oakbrook Investments LLC boosted its position in shares of J P Morgan Chase & Co by 82.2% in the second quarter. Oakbrook Investments LLC now owns 205,463 shares of the financial services provider’s stock valued at $18,779,000 after buying an additional 92,700 shares in the last quarter. Whittier Trust Co. boosted its position in shares of J P Morgan Chase & Co by 1.2% in the second quarter. Whittier Trust Co. now owns 559,895 shares of the financial services provider’s stock valued at $51,174,000 after buying an additional 6,816 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of J P Morgan Chase & Co by 1.4% in the second quarter. US Bancorp DE now owns 3,597,825 shares of the financial services provider’s stock valued at $328,841,000 after buying an additional 49,650 shares in the last quarter. 74.84% of the stock is owned by institutional investors.

J P Morgan Chase & Co (NYSE JPM) traded up 0.51% during mid-day trading on Friday, reaching $91.99. 4,495,561 shares of the company were exchanged. The stock has a market capitalization of $323.67 billion, a P/E ratio of 13.57 and a beta of 1.19. J P Morgan Chase & Co has a 12 month low of $65.11 and a 12 month high of $95.22. The company’s 50 day moving average price is $92.19 and its 200-day moving average price is $88.87.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The firm had revenue of $25.50 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.55 EPS. On average, equities analysts expect that J P Morgan Chase & Co will post $6.81 earnings per share for the current fiscal year.

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Several equities analysts have commented on the stock. BMO Capital Markets reissued a “hold” rating and issued a $86.00 price target on shares of J P Morgan Chase & Co in a research report on Friday. Zacks Investment Research raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Thursday. Keefe, Bruyette & Woods set a $96.00 price target on shares of J P Morgan Chase & Co and gave the company a “hold” rating in a research report on Saturday, August 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $95.00 price target on shares of J P Morgan Chase & Co in a research report on Friday, August 18th. Finally, Wells Fargo & Company began coverage on shares of J P Morgan Chase & Co in a report on Wednesday, August 9th. They issued an “outperform” rating and a $110.00 price objective on the stock. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $85.72.

In other J P Morgan Chase & Co news, 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 completion of 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Marianne Lake sold 17,596 shares of the business’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. Insiders have sold a total of 28,564 shares of company stock valued at $2,605,334 over the last three months. Company insiders own 0.88% 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.

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

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