Moreno Evelyn V lowered its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 89,909 shares of the financial services provider’s stock after selling 653 shares during the quarter. J P Morgan Chase & Co makes up approximately 2.5% of Moreno Evelyn V’s holdings, making the stock its 9th biggest holding. Moreno Evelyn V’s holdings in J P Morgan Chase & Co were worth $8,217,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of JPM. Pacific Center for Financial Services boosted its stake in shares of J P Morgan Chase & Co by 14.5% in the 1st quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 177 shares during the last quarter. Horrell Capital Management Inc. boosted its stake in shares of J P Morgan Chase & Co by 5.0% in the 1st quarter. Horrell Capital Management Inc. now owns 1,647 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 78 shares during the last quarter. Ullmann Financial Group Inc. bought a new position in shares of J P Morgan Chase & Co in the 1st quarter valued at about $148,000. Northwest Investment Counselors LLC bought a new position in shares of J P Morgan Chase & Co in the 2nd quarter valued at about $165,000. Finally, Mitchell Sinkler & Starr PA bought a new position in shares of J P Morgan Chase & Co in the 2nd quarter valued at about $212,000. 78.02% of the stock is currently owned by hedge funds and other institutional investors.

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In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total value of $91,290.00. Following the sale, the insider now owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The transaction 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 the firm’s stock in a transaction dated 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 sale, the general counsel now directly owns 10,527 shares in the company, valued at approximately $953,219.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,564 shares of company stock worth $2,605,334. Insiders own 0.88% of the company’s stock.

Several brokerages have recently issued reports on JPM. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $93.00 target price on shares of J P Morgan Chase & Co in a research note on Thursday, July 6th. Wells Fargo & Company began 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 target price on the stock. Buckingham Research reaffirmed a “neutral” rating and issued a $100.00 target price (up previously from $94.00) on shares of J P Morgan Chase & Co in a research note on Monday, July 10th. Berenberg Bank set a $65.00 target price on shares of J P Morgan Chase & Co and gave the company a “sell” rating in a research note on Thursday, August 3rd. Finally, BidaskClub upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $85.59.

Shares of J P Morgan Chase & Co (NYSE JPM) traded up 1.554% on Tuesday, reaching $91.185. The company’s stock had a trading volume of 7,275,763 shares. The stock has a market cap of $320.83 billion, a P/E ratio of 13.451 and a beta of 1.19. The firm’s 50-day moving average price is $91.67 and its 200-day moving average price is $88.99. 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 quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, beating 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 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 firm posted $1.55 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. On average, analysts forecast that J P Morgan Chase & Co will post $6.81 earnings per share for the current fiscal year.

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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