WESPAC Advisors LLC bought a new position in shares of J P Morgan Chase & Co (NYSE:JPM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,214 shares of the financial services provider’s stock, valued at approximately $659,000.

Several other hedge funds and other institutional investors have also modified their holdings of JPM. Harbour Capital Advisors LLC boosted its stake in shares of J P Morgan Chase & Co by 8,767.4% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,794,464 shares of the financial services provider’s stock worth $30,574,000 after acquiring an additional 2,762,950 shares during the period. Principal Financial Group Inc. lifted its holdings in J P Morgan Chase & Co by 27.1% during the 2nd quarter. Principal Financial Group Inc. now owns 10,772,893 shares of the financial services provider’s stock worth $984,642,000 after purchasing an additional 2,296,713 shares during the last quarter. Jennison Associates LLC lifted its holdings in J P Morgan Chase & Co by 16.2% during the 2nd quarter. Jennison Associates LLC now owns 13,461,063 shares of the financial services provider’s stock worth $1,230,341,000 after purchasing an additional 1,880,530 shares during the last quarter. Karp Capital Management Corp acquired a new stake in J P Morgan Chase & Co during the 1st quarter worth approximately $140,124,000. Finally, State Street Corp lifted its holdings in J P Morgan Chase & Co by 0.8% during the 1st quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock worth $14,979,775,000 after purchasing an additional 1,357,194 shares during the last quarter. Institutional investors own 73.93% of the company’s stock.

Several analysts recently weighed in on JPM shares. Wells Fargo & Company started coverage on J P Morgan Chase & Co in a report on Wednesday, August 9th. They set an “outperform” rating and a $110.00 price target for the company. Royal Bank Of Canada reissued a “buy” rating and set a $95.00 price target on shares of J P Morgan Chase & Co in a report on Friday, August 18th. Keefe, Bruyette & Woods set a $96.00 price target on J P Morgan Chase & Co and gave the stock a “hold” rating in a report on Saturday, August 19th. Zacks Investment Research raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a report on Thursday, August 24th. Finally, BMO Capital Markets reissued a “hold” rating and set a $86.00 price target on shares of J P Morgan Chase & Co in a report on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $92.18.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the sale, the general counsel now owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.88% of the company’s stock.

Shares of J P Morgan Chase & Co (JPM) traded down $0.79 during mid-day trading on Thursday, reaching $104.93. The company had a trading volume of 15,476,200 shares, compared to its average volume of 14,010,543. The company has a market cap of $366,819.41, a price-to-earnings ratio of 15.23, a P/E/G ratio of 2.29 and a beta of 1.22. J P Morgan Chase & Co has a twelve month low of $81.64 and a twelve month high of $108.40. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03.

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 for the quarter, topping analysts’ consensus estimates of $1.67 by $0.09. The business had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. J P Morgan Chase & Co’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 EPS. sell-side analysts anticipate that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.

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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.

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

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