Mitsubishi UFJ Securities Holdings Co. Ltd. reduced its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 7.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,680 shares of the financial services provider’s stock after selling 130 shares during the period. J P Morgan Chase & Co makes up approximately 0.8% of Mitsubishi UFJ Securities Holdings Co. Ltd.’s portfolio, making the stock its 28th largest position. Mitsubishi UFJ Securities Holdings Co. Ltd.’s holdings in J P Morgan Chase & Co were worth $154,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JPM. David R. Rahn & Associates Inc. purchased a new position in J P Morgan Chase & Co in the second quarter valued at about $1,458,000. Ironwood Investment Management LLC increased its holdings in J P Morgan Chase & Co by 61.9% in the second quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock valued at $609,000 after buying an additional 2,550 shares in the last quarter. Gamble Jones Investment Counsel increased its holdings in J P Morgan Chase & Co by 0.6% in the second quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock valued at $4,566,000 after buying an additional 276 shares in the last quarter. Grove Bank & Trust increased its holdings in J P Morgan Chase & Co by 16.9% in the second quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock valued at $895,000 after buying an additional 1,417 shares in the last quarter. Finally, Lee Danner & Bass Inc. increased its holdings in J P Morgan Chase & Co by 0.4% in the second quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock valued at $1,599,000 after buying an additional 69 shares in the last quarter. 73.93% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on JPM. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of J P Morgan Chase & Co in a report on Wednesday, October 11th. Deutsche Bank cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and increased their target price for the company from $90.00 to $96.00 in a report on Tuesday, September 26th. Robert W. Baird reaffirmed a “hold” rating and issued a $88.00 target price on shares of J P Morgan Chase & Co in a report on Thursday, September 21st. Zacks Investment Research cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, Vetr upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price target on the stock in a research report on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. J P Morgan Chase & Co presently has an average rating of “Hold” and a consensus price target of $92.18.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of J P Morgan Chase & Co stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the transaction, the general counsel now owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.88% of the stock is owned by company insiders.

Shares of J P Morgan Chase & Co (NYSE JPM) traded up $2.16 on Tuesday, hitting $106.95. 23,576,600 shares of the company’s stock were exchanged, compared to its average volume of 13,990,583. The firm has a market cap of $363,592.56, a price-to-earnings ratio of 15.10, a PEG ratio of 2.27 and a beta of 1.22. J P Morgan Chase & Co has a 52 week low of $81.64 and a 52 week high of $108.40. 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 (NYSE:JPM) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Zacks’ 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 for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned $1.58 EPS. equities research analysts anticipate that J P Morgan Chase & Co will post 6.91 EPS for the current year.

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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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