St. Louis Trust Co maintained its stake in shares of J P Morgan Chase & Co (NYSE:JPM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,580 shares of the financial services provider’s stock at the end of the first quarter. J P Morgan Chase & Co makes up 0.5% of St. Louis Trust Co’s portfolio, making the stock its 28th largest position. St. Louis Trust Co’s holdings in J P Morgan Chase & Co were worth $1,105,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of J P Morgan Chase & Co during the first quarter worth approximately $1,367,000. Israel Discount Bank of New York GFN purchased a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $1,857,000. Stillwater Investment Management LLC boosted its stake in shares of J P Morgan Chase & Co by 2.3% in the first quarter. Stillwater Investment Management LLC now owns 37,725 shares of the financial services provider’s stock worth $3,314,000 after buying an additional 852 shares during the period. Gillespie Robinson & Grimm Inc. boosted its stake in shares of J P Morgan Chase & Co by 10.4% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 95,957 shares of the financial services provider’s stock worth $8,429,000 after buying an additional 9,020 shares during the period. Finally, Jackson Grant Investment Advisers Inc. boosted its stake in shares of J P Morgan Chase & Co by 0.5% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 2,566 shares of the financial services provider’s stock worth $221,000 after buying an additional 14 shares during the period. 78.01% of the stock is currently owned by institutional investors and hedge funds.

J P Morgan Chase & Co (NYSE:JPM) traded down 1.23% during mid-day trading on Tuesday, reaching $90.47. 2,088,308 shares of the company’s stock traded hands. J P Morgan Chase & Co has a 12-month low of $65.11 and a 12-month high of $95.22. The company has a market cap of $318.32 billion, a P/E ratio of 13.35 and a beta of 1.19. The stock has a 50 day moving average of $92.15 and a 200 day moving average of $88.91.

J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The firm had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter last year, the company earned $1.55 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities research analysts predict that J P Morgan Chase & Co will post $6.81 earnings per share for the current fiscal year.

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JPM has been the topic of a number of research analyst reports. Berenberg Bank set a $65.00 price target on shares of J P Morgan Chase & Co and gave the company a “sell” rating in a research report on Thursday, August 3rd. Wells Fargo & Company initiated coverage on shares of J P Morgan Chase & Co in a research report on Wednesday, August 9th. They set an “outperform” rating and a $110.00 price target on the stock. Deutsche Bank AG reaffirmed a “buy” rating on shares of J P Morgan Chase & Co in a research report on Monday, July 3rd. Bank of America Corporation reaffirmed a “buy” rating and set a $99.00 price target on shares of J P Morgan Chase & Co in a research report on Monday, July 17th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $93.00 price target on shares of J P Morgan Chase & Co in a research report on Thursday, July 6th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $85.72.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 9,968 shares of J P Morgan Chase & Co stock in a transaction on Monday, August 21st. The shares were sold at an average price of $90.55, for a total transaction of $902,602.40. Following the sale, the general counsel now owns 10,527 shares of the company’s stock, valued at approximately $953,219.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicole Giles sold 1,000 shares of J P Morgan Chase & Co stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total transaction of $91,290.00. Following the sale, the insider now directly owns 3,783 shares in the company, valued at approximately $345,350.07. The disclosure for this sale can be found here. Insiders sold a total of 28,564 shares of company stock worth $2,605,334 in the last three months. 0.88% of the stock is owned by corporate insiders.

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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