Fox Run Management L.L.C. boosted its stake in J P Morgan Chase & Co (NYSE:JPM) by 101.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,300 shares of the financial services provider’s stock after buying an additional 8,200 shares during the quarter. J P Morgan Chase & Co makes up about 0.5% of Fox Run Management L.L.C.’s holdings, making the stock its 5th biggest position. Fox Run Management L.L.C.’s holdings in J P Morgan Chase & Co were worth $1,490,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. Pacific Center for Financial Services raised its holdings in 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 acquiring an additional 177 shares during the last quarter. Horrell Capital Management Inc. raised its holdings in 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 acquiring an additional 78 shares during the last quarter. Ullmann Financial Group Inc. acquired a new position in J P Morgan Chase & Co in the 1st quarter valued at $148,000. Windsor Financial Group LLC acquired a new position in J P Morgan Chase & Co in the 1st quarter valued at $224,000. Finally, Colorado Capital Management Inc. raised its holdings in J P Morgan Chase & Co by 3.0% in the 1st quarter. Colorado Capital Management Inc. now owns 2,549 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 75 shares during the last quarter. 77.90% of the stock is currently owned by hedge funds and other institutional investors.

J P Morgan Chase & Co (NYSE JPM) traded up 1.08% during trading on Tuesday, reaching $93.92. 4,707,851 shares of the company’s stock were exchanged. The company has a market capitalization of $330.46 billion, a PE ratio of 13.85 and a beta of 1.19. J P Morgan Chase & Co has a 1-year low of $65.11 and a 1-year high of $95.22. The company’s 50-day moving average is $91.58 and its 200-day moving average is $88.99.

J P Morgan Chase & Co (NYSE:JPM) last announced its earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.59 by $0.23. The firm 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 business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 EPS. Equities research analysts expect that J P Morgan Chase & Co will post $6.81 earnings per share for the current fiscal year.

JPM has been the subject of several analyst reports. Berenberg Bank set a $65.00 price target on J P Morgan Chase & Co and gave the company a “sell” rating in a report on Thursday, August 3rd. Wells Fargo & Company initiated coverage on J P Morgan Chase & Co in a report on Wednesday, August 9th. They issued an “outperform” rating and a $110.00 price target for the company. Deutsche Bank AG reiterated a “buy” rating on shares of J P Morgan Chase & Co in a report on Monday, July 3rd. Bank of America Corporation reiterated 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) reiterated 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 research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $85.84.

In related news, General Counsel Stacey Friedman sold 9,968 shares of J P Morgan Chase & Co stock in a transaction 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 transaction, the general counsel now owns 10,527 shares in the company, valued at approximately $953,219.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicole Giles sold 1,000 shares of J P Morgan Chase & Co stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total transaction of $91,290.00. Following the completion of the transaction, the insider now owns 3,783 shares in the company, valued at approximately $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 quarter. Insiders own 0.88% of the company’s stock.

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J P Morgan Chase & Co Company Profile

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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