Signaturefd LLC grew its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,975 shares of the financial services provider’s stock after buying an additional 228 shares during the quarter. Signaturefd LLC’s holdings in J P Morgan Chase & Co were worth $1,315,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Level Four Advisory Services LLC raised its position in shares of J P Morgan Chase & Co by 4.3% during the 1st quarter. Level Four Advisory Services LLC now owns 64,678 shares of the financial services provider’s stock valued at $5,594,000 after buying an additional 2,668 shares in the last quarter. State Street Corp raised its position in shares of J P Morgan Chase & Co by 0.8% during the 1st quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock valued at $14,979,775,000 after buying an additional 1,357,194 shares in the last quarter. Fort Point Capital Partners LLC raised its position in shares of J P Morgan Chase & Co by 4.9% during the 1st quarter. Fort Point Capital Partners LLC now owns 4,275 shares of the financial services provider’s stock valued at $376,000 after buying an additional 199 shares in the last quarter. Nippon Life Global Investors Americas Inc. raised its position in shares of J P Morgan Chase & Co by 4.4% during the 1st quarter. Nippon Life Global Investors Americas Inc. now owns 287,280 shares of the financial services provider’s stock valued at $25,234,000 after buying an additional 12,040 shares in the last quarter. Finally, Two Sigma Securities LLC raised its position in shares of J P Morgan Chase & Co by 122.3% during the 1st quarter. Two Sigma Securities LLC now owns 14,856 shares of the financial services provider’s stock valued at $1,305,000 after buying an additional 8,174 shares in the last quarter. Hedge funds and other institutional investors own 78.02% of the company’s stock.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 9,968 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $90.55, for a total transaction of $902,602.40. Following the transaction, the general counsel now directly owns 10,527 shares in the company, valued at approximately $953,219.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicole Giles sold 1,000 shares of the 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 transaction, the insider now owns 3,783 shares in the company, valued at $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 ninety days. 0.88% of the stock is currently owned by insiders.

Several research firms have recently weighed in on JPM. Vetr upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price objective on the stock in a research report on Wednesday. Zacks Investment Research cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. BMO Capital Markets restated a “hold” rating and set a $86.00 price objective on shares of J P Morgan Chase & Co in a research report on Friday, August 25th. Keefe, Bruyette & Woods set a $96.00 price objective on shares of J P Morgan Chase & Co and gave the company a “hold” rating in a research report on Saturday, August 19th. Finally, Royal Bank Of Canada restated 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. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $85.59.

Shares of J P Morgan Chase & Co (NYSE:JPM) traded down 0.12% during midday trading on Friday, hitting $88.42. 14,242,198 shares of the stock were exchanged. The stock has a market cap of $311.10 billion, a P/E ratio of 13.04 and a beta of 1.19. The firm has a 50 day moving average of $91.65 and a 200-day moving average of $89.03. 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 posted its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The company had revenue of $25.50 billion for the quarter, compared to the consensus estimate 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 firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.55 EPS. Equities research analysts anticipate that J P Morgan Chase & Co will post $6.80 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This report was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/09/09/signaturefd-llc-boosts-stake-in-j-p-morgan-chase-co-jpm.html.

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.

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J P Morgan Chase & Co (NYSE:JPM).

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

Receive News & Stock Ratings for J P Morgan Chase & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J P Morgan Chase & Co and related stocks with our FREE daily email newsletter.