Investment Partners Ltd. OH ADV lowered its stake in J P Morgan Chase & Co (NYSE:JPM) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,902 shares of the financial services provider’s stock after selling 373 shares during the period. J P Morgan Chase & Co accounts for approximately 1.2% of Investment Partners Ltd. OH ADV’s holdings, making the stock its 29th biggest holding. Investment Partners Ltd. OH ADV’s holdings in J P Morgan Chase & Co were worth $1,362,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Pacific Center for Financial Services boosted its holdings in shares of J P Morgan Chase & Co by 14.5% during 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 buying an additional 177 shares in the last quarter. Horrell Capital Management Inc. boosted its holdings in shares of J P Morgan Chase & Co by 5.0% during the 1st 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 in the last quarter. Ullmann Financial Group Inc. bought a new stake in shares of J P Morgan Chase & Co during the 1st quarter valued at $148,000. Northwest Investment Counselors LLC bought a new stake in shares of J P Morgan Chase & Co during the 2nd quarter valued at $165,000. Finally, Pecaut & CO. bought a new stake in shares of J P Morgan Chase & Co during the 2nd quarter valued at $201,000. Institutional investors and hedge funds own 77.90% of the company’s stock.

J P Morgan Chase & Co (NYSE JPM) traded up 1.35% during trading on Monday, hitting $92.86. The stock had a trading volume of 4,697,570 shares. The firm has a 50 day moving average of $91.54 and a 200-day moving average of $89.03. J P Morgan Chase & Co has a one year low of $65.11 and a one year high of $95.22. The company has a market cap of $326.73 billion, a P/E ratio of 13.70 and a beta of 1.19.

J P Morgan Chase & Co (NYSE:JPM) last released its 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. 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 during the quarter, compared to analysts’ expectations of $24.38 billion. During the same period in the previous year, the firm posted $1.55 EPS. J P Morgan Chase & Co’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts anticipate that J P Morgan Chase & Co will post $6.81 earnings per share for the current fiscal year.

In other news, CFO Marianne Lake sold 17,596 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicole Giles sold 1,000 shares of the company’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 transaction, the insider now directly owns 3,783 shares of the company’s stock, valued at $345,350.07. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,564 shares of company stock valued at $2,605,334. Insiders own 0.88% of the company’s stock.

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Several research firms have recently issued reports on JPM. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $93.00 price target on shares of J P Morgan Chase & Co in a research report on Thursday, July 6th. Wells Fargo & Company began coverage on J P Morgan Chase & Co in a research report on Wednesday, August 9th. They issued an “outperform” rating and a $110.00 price target for the company. Buckingham Research reaffirmed a “neutral” rating and issued a $100.00 price target (up previously from $94.00) on shares of J P Morgan Chase & Co in a research report on Monday, July 10th. Berenberg Bank set a $65.00 price target on J P Morgan Chase & Co and gave the stock a “sell” rating in a research report on Thursday, August 3rd. Finally, BidaskClub raised 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 issued a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $85.84.

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.

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

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