Leonetti & Associates LLC cut its stake in J P Morgan Chase & Co (NYSE:JPM) by 7.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 111,750 shares of the financial services provider’s stock after selling 8,850 shares during the period. J P Morgan Chase & Co accounts for 2.9% of Leonetti & Associates LLC’s portfolio, making the stock its 10th largest position. Leonetti & Associates LLC’s holdings in J P Morgan Chase & Co were worth $9,816,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. 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 valued at $145,000 after buying an additional 78 shares during the period. Wsfs Capital Management LLC acquired a new stake in shares of J P Morgan Chase & Co during the fourth quarter valued at approximately $204,000. Hartree Partners LP acquired a new stake in shares of J P Morgan Chase & Co during the fourth quarter valued at approximately $218,000. Colorado Capital Management Inc. boosted its stake in shares of J P Morgan Chase & Co by 3.0% in the first quarter. Colorado Capital Management Inc. now owns 2,549 shares of the financial services provider’s stock valued at $224,000 after buying an additional 75 shares during the period. Finally, Vista Capital Partners Inc. boosted its stake in shares of J P Morgan Chase & Co by 3.7% in the first quarter. Vista Capital Partners Inc. now owns 2,550 shares of the financial services provider’s stock valued at $224,000 after buying an additional 90 shares during the period. 78.01% of the stock is owned by institutional investors and hedge funds.

Shares of J P Morgan Chase & Co (NYSE JPM) traded down 0.04% during trading on Thursday, reaching $91.27. The company had a trading volume of 3,292,823 shares. The firm has a 50 day moving average price of $92.15 and a 200 day moving average price of $88.91. The company has a market cap of $321.13 billion, a price-to-earnings ratio of 13.46 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.

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

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Several analysts have recently commented on the company. UBS AG reaffirmed a “buy” rating and issued a $101.00 target price on shares of J P Morgan Chase & Co in a research report on Monday, May 15th. Keefe, Bruyette & Woods set a $96.00 target price on J P Morgan Chase & Co and gave the stock a “hold” rating in a research report on Saturday, August 19th. Royal Bank Of Canada reissued a “buy” rating and set a $95.00 price objective on shares of J P Morgan Chase & Co in a research report on Friday, August 18th. Zacks Investment Research raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Thursday, August 24th. Finally, Instinet reissued a “neutral” rating and set a $84.00 price objective (down previously from $87.00) on shares of J P Morgan Chase & Co in a research report on Saturday, June 3rd. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $85.72.

In related news, General Counsel Stacey Friedman sold 9,968 shares of the company’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 transaction of $902,602.40. Following the sale, the general counsel now directly owns 10,527 shares in the company, valued at approximately $953,219.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Marianne Lake sold 17,596 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $91.58, for a total transaction 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 worth $2,605,334 over the last 90 days. 0.88% of the stock is currently owned by corporate 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.

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

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