J P Morgan Chase & Co (JPM) Stake Maintained by CKW Financial Group
CKW Financial Group maintained its position in shares of J P Morgan Chase & Co (NYSE:JPM) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,925 shares of the financial services provider’s stock at the end of the first quarter. J P Morgan Chase & Co makes up approximately 0.7% of CKW Financial Group’s holdings, making the stock its 12th largest position. CKW Financial Group’s holdings in J P Morgan Chase & Co were worth $2,189,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of J P Morgan Chase & Co during the fourth quarter valued at about $2,897,377,000. Dodge & Cox purchased a new stake in J P Morgan Chase & Co during the fourth quarter worth approximately $2,297,616,000. Teachers Advisors LLC raised its stake in J P Morgan Chase & Co by 10.1% in the fourth quarter. Teachers Advisors LLC now owns 8,317,280 shares of the financial services provider’s stock worth $717,698,000 after buying an additional 764,019 shares in the last quarter. Swedbank raised its stake in J P Morgan Chase & Co by 19.0% in the first quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock worth $462,130,000 after buying an additional 840,518 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its stake in J P Morgan Chase & Co by 2.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 3,127,521 shares of the financial services provider’s stock worth $274,721,000 after buying an additional 80,853 shares in the last quarter. 78.01% of the stock is owned by institutional investors.
Shares of J P Morgan Chase & Co (JPM) traded down 0.071% during mid-day trading on Thursday, hitting $91.245. The stock had a trading volume of 3,274,690 shares. J P Morgan Chase & Co has a one year low of $65.11 and a one year high of $95.22. The firm has a 50 day moving average of $92.15 and a 200-day moving average of $88.91. The stock has a market cap of $321.04 billion, a P/E ratio of 13.460 and a beta of 1.19.
J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter last year, the firm earned $1.55 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. Equities research analysts expect that J P Morgan Chase & Co will post $6.81 earnings per share for the current fiscal year.
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A number of equities research analysts have recently commented on JPM shares. Wells Fargo & Company started coverage on shares of J P Morgan Chase & Co in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $110.00 price objective on the stock. Vetr downgraded shares of J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 target price on the stock. in a research report on Monday, May 15th. Zacks Investment Research upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Tuesday, July 18th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of J P Morgan Chase & Co in a research report on Friday, July 21st. Finally, Credit Suisse Group dropped their target price on shares of J P Morgan Chase & Co from $102.00 to $99.00 and set an “outperform” rating on the stock in a research report on Thursday, June 29th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have issued a buy rating to the company’s stock. J P Morgan Chase & Co currently 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 J P Morgan Chase & Co stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total value of $91,290.00. Following the completion of the transaction, the insider now directly owns 3,783 shares in the company, valued at $345,350.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 9,968 shares of J P Morgan Chase & Co stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $90.55, for a total value of $902,602.40. Following the completion of the transaction, the general counsel now owns 10,527 shares of the company’s stock, valued at $953,219.85. The disclosure for this sale can be found here. Insiders sold 28,564 shares of company stock worth $2,605,334 over the last three months. 0.88% of the stock is currently 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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