Folger Nolan Fleming Douglas Capital Management Inc. increased its position in J P Morgan Chase & Co (NYSE:JPM) by 0.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,836 shares of the financial services provider’s stock after purchasing an additional 13 shares during the quarter. J P Morgan Chase & Co makes up 1.3% of Folger Nolan Fleming Douglas Capital Management Inc.’s holdings, making the stock its 14th largest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in J P Morgan Chase & Co were worth $8,394,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Pacific Center for Financial Services grew its position 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 worth $123,000 after purchasing an additional 177 shares in the last quarter. Ullmann Financial Group Inc. bought a new position in J P Morgan Chase & Co in the 1st quarter valued at approximately $148,000. Northwest Investment Counselors LLC bought a new position in J P Morgan Chase & Co in the 2nd quarter valued at approximately $165,000. Capital Advisors Ltd. LLC lifted its stake in J P Morgan Chase & Co by 53.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 670 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its stake in J P Morgan Chase & Co by 59.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,959 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 731 shares during the last quarter. 73.93% of the stock is currently owned by institutional investors.

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

In other news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction that occurred 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 sale, the general counsel now owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.88% of the company’s stock.

Shares of J P Morgan Chase & Co (JPM) opened at $104.36 on Friday. J P Morgan Chase & Co has a 12-month low of $81.64 and a 12-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. The company has a market cap of $364,078.34, a PE ratio of 15.12, a price-to-earnings-growth ratio of 2.28 and a beta of 1.22.

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

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

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