RKL Wealth Management LLC raised its holdings in J P Morgan Chase & Co (NYSE:JPM) by 79.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,935 shares of the financial services provider’s stock after buying an additional 6,173 shares during the period. RKL Wealth Management LLC’s holdings in J P Morgan Chase & Co were worth $1,266,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in JPM. Alliancebernstein L.P. boosted its holdings in shares of J P Morgan Chase & Co by 29.2% during the 2nd quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock worth $1,595,542,000 after buying an additional 3,945,948 shares during the period. Vanguard Group Inc. boosted its holdings in shares of J P Morgan Chase & Co by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after buying an additional 3,717,683 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in shares of J P Morgan Chase & Co by 40.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock worth $892,886,000 after buying an additional 2,828,726 shares during the period. Harbour Capital Advisors LLC boosted its holdings 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 buying an additional 2,762,950 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of 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 buying an additional 2,296,713 shares during the period. 73.93% of the stock is owned by institutional investors.

J P Morgan Chase & Co (NYSE:JPM) opened at $105.93 on Friday. The stock has a market cap of $367,548.09, a price-to-earnings ratio of 15.26, a P/E/G ratio of 2.30 and a beta of 1.22. 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 quick ratio of 1.03 and a current ratio of 1.03.

J P Morgan Chase & Co (NYSE:JPM) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. During the same period in the prior year, the firm earned $1.58 earnings per share. J P Morgan Chase & Co’s revenue was up 2.6% on a year-over-year basis. analysts predict that J P Morgan Chase & Co will post 6.91 EPS for the current year.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction 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 owns 15,279 shares in the company, valued at $1,557,846.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.88% of the company’s stock.

A number of analysts have issued reports on JPM shares. Royal Bank Of Canada reissued a “buy” rating and issued a $95.00 price objective on shares of J P Morgan Chase & Co in a report on Friday, August 18th. 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 report on Saturday, August 19th. Zacks Investment Research raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Thursday, August 24th. BMO Capital Markets reissued a “hold” rating and issued a $86.00 price objective on shares of J P Morgan Chase & Co in a report on Friday, August 25th. Finally, Vetr raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price objective for the company in a report on Wednesday, September 6th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target 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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