Day & Ennis LLC lifted its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 4.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,397 shares of the financial services provider’s stock after purchasing an additional 200 shares during the period. Day & Ennis LLC’s holdings in J P Morgan Chase & Co were worth $386,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Paradigm Financial Advisors LLC boosted its holdings in J P Morgan Chase & Co by 0.3% in the 1st quarter. Paradigm Financial Advisors LLC now owns 6,805 shares of the financial services provider’s stock worth $597,000 after buying an additional 21 shares during the period. Weybosset Research & Management LLC boosted its holdings in J P Morgan Chase & Co by 0.9% in the 1st quarter. Weybosset Research & Management LLC now owns 3,406 shares of the financial services provider’s stock worth $299,000 after buying an additional 30 shares during the period. Financial Advisory Service Inc. boosted its holdings in J P Morgan Chase & Co by 0.7% in the 1st quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock worth $442,000 after buying an additional 36 shares during the period. Keel Point LLC boosted its holdings in J P Morgan Chase & Co by 1.1% in the 1st quarter. Keel Point LLC now owns 3,365 shares of the financial services provider’s stock worth $296,000 after buying an additional 36 shares during the period. Finally, Carlson Capital Management boosted its holdings in J P Morgan Chase & Co by 1.2% in the 1st quarter. Carlson Capital Management now owns 4,084 shares of the financial services provider’s stock worth $359,000 after buying an additional 47 shares during the period. Institutional investors own 78.02% of the company’s stock.

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JPM has been the subject of several analyst reports. Berenberg Bank set a $65.00 price objective on shares of J P Morgan Chase & Co and gave the stock a “sell” rating in a report on Thursday, August 3rd. 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 for the company. Deutsche Bank AG reissued a “buy” rating on shares of J P Morgan Chase & Co in a report on Monday, July 3rd. Bank of America Corporation reissued a “buy” rating and issued a $99.00 price target on shares of J P Morgan Chase & Co in a report on Monday, July 17th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $93.00 price target on shares of J P Morgan Chase & Co in a report on Thursday, July 6th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have assigned a buy rating to the stock. J P Morgan Chase & Co currently has an average rating of “Hold” and an average price target of $85.59.

J P Morgan Chase & Co (NYSE JPM) traded down 0.12% during trading on Friday, hitting $88.42. 14,242,198 shares of the company’s stock were exchanged. J P Morgan Chase & Co has a 52-week low of $65.11 and a 52-week high of $95.22. The company has a market cap of $311.10 billion, a price-to-earnings ratio of 13.04 and a beta of 1.19. The firm has a 50 day moving average price of $91.65 and a 200 day moving average price of $89.03.

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 (EPS) 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 analyst estimates 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 business’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $1.55 EPS. On average, equities research analysts predict that J P Morgan Chase & Co will post $6.80 earnings per share for the current year.

In other news, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $91.58, for a total value of $1,611,441.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 9,968 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $90.55, for a total transaction of $902,602.40. Following the completion of the sale, the general counsel now owns 10,527 shares of the company’s stock, valued at approximately $953,219.85. The disclosure for this sale can be found here. Insiders sold a total of 28,564 shares of company stock valued at $2,605,334 in the last 90 days. 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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