Arete Wealth Advisors LLC grew its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,665 shares of the financial services provider’s stock after acquiring an additional 59 shares during the period. Arete Wealth Advisors LLC’s holdings in J P Morgan Chase & Co were worth $701,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pacific Center for Financial Services raised its position in shares of J P Morgan Chase & Co by 14.5% in the first quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock worth $123,000 after buying an additional 177 shares in the last quarter. Ullmann Financial Group Inc. purchased a new stake in shares of J P Morgan Chase & Co in the first quarter worth $148,000. Northwest Investment Counselors LLC purchased a new stake in shares of J P Morgan Chase & Co in the second quarter worth $165,000. Capital Advisors Ltd. LLC raised its position in shares of J P Morgan Chase & Co by 53.0% in the second quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after buying an additional 670 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its position in shares of J P Morgan Chase & Co by 59.5% in the second quarter. Tortoise Investment Management LLC now owns 1,959 shares of the financial services provider’s stock worth $179,000 after buying an additional 731 shares in the last quarter. Hedge funds and other institutional investors own 73.93% of the company’s stock.

Shares of J P Morgan Chase & Co (NYSE:JPM) traded down $0.38 during trading hours on Monday, hitting $105.55. The stock had a trading volume of 3,025,629 shares, compared to its average volume of 14,005,722. 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 market capitalization of $367,548.06, a PE ratio of 15.26, a P/E/G ratio of 2.30 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37.

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

A number of brokerages recently issued reports on JPM. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of J P Morgan Chase & Co in a research report on Wednesday, October 11th. Deutsche Bank downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating and increased their price objective for the stock from $90.00 to $96.00 in a research report on Tuesday, September 26th. Robert W. Baird reissued a “hold” rating and issued a $88.00 target price on shares of J P Morgan Chase & Co in a research note on Thursday, September 21st. Zacks Investment Research cut J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, Vetr raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 target price on the stock in a research note on Wednesday, September 6th. 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. J P Morgan Chase & Co presently has an average rating of “Hold” and an average target price of $92.18.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the sale, the general counsel now directly owns 15,279 shares in the company, valued at $1,557,846.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.88% of the company’s stock.

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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.

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

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