Sumitomo Mitsui Trust Holdings Inc. boosted its position in J P Morgan Chase & Co (NYSE:JPM) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,867,688 shares of the financial services provider’s stock after purchasing an additional 207,812 shares during the period. J P Morgan Chase & Co makes up approximately 1.5% of Sumitomo Mitsui Trust Holdings Inc.’s investment portfolio, making the stock its 6th biggest holding. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.31% of J P Morgan Chase & Co worth $993,307,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in JPM. Rothschild Capital Partners LLC lifted its stake in J P Morgan Chase & Co by 0.5% in the first quarter. Rothschild Capital Partners LLC now owns 120,841 shares of the financial services provider’s stock worth $10,615,000 after purchasing an additional 592 shares during the last quarter. Hennessy Advisors Inc. lifted its stake in J P Morgan Chase & Co by 6.3% in the first quarter. Hennessy Advisors Inc. now owns 17,000 shares of the financial services provider’s stock worth $1,493,000 after purchasing an additional 1,000 shares during the last quarter. Verity & Verity LLC lifted its stake in J P Morgan Chase & Co by 2.0% in the first quarter. Verity & Verity LLC now owns 98,169 shares of the financial services provider’s stock worth $8,624,000 after purchasing an additional 1,972 shares during the last quarter. Swedbank lifted its stake in J P Morgan Chase & Co by 19.0% in the first quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock worth $462,130,000 after purchasing an additional 840,518 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its stake in J P Morgan Chase & Co by 0.7% in the first quarter. North Star Investment Management Corp. now owns 267,316 shares of the financial services provider’s stock worth $23,481,000 after purchasing an additional 1,779 shares during the last quarter. 73.94% of the stock is owned by institutional investors and hedge funds.

J P Morgan Chase & Co (NYSE:JPM) opened at $104.79 on Friday. The stock has a market cap of $362,655.72, a P/E ratio of 15.06, a P/E/G ratio of 2.27 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. J P Morgan Chase & Co has a 1-year low of $80.90 and a 1-year high of $106.66.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.09. The company had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. J P Morgan Chase & Co’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $1.58 earnings per share. equities analysts predict that J P Morgan Chase & Co will post 6.91 EPS for the current year.

In related news, General Counsel Stacey Friedman sold 2,099 shares of J P Morgan Chase & Co stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the transaction, the general counsel now directly owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.88% of the company’s stock.

JPM has been the topic of a number of research reports. Barclays raised their target price on shares of J P Morgan Chase & Co from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Credit Suisse Group reaffirmed a “buy” rating and set a $110.00 target price (up from $103.00) on shares of J P Morgan Chase & Co in a research report on Monday, October 9th. They noted that the move was a valuation call. Keefe, Bruyette & Woods set a $96.00 target price on shares of J P Morgan Chase & Co and gave the stock a “hold” rating in a research report on Saturday, August 19th. Oppenheimer reaffirmed a “hold” rating on shares of J P Morgan Chase & Co in a research report on Thursday, October 12th. Finally, Morgan Stanley raised their target price on shares of J P Morgan Chase & Co from $99.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $92.18.

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J P Morgan Chase & Co 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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