Willingdon Wealth Management boosted its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,633 shares of the financial services provider’s stock after purchasing an additional 787 shares during the quarter. Willingdon Wealth Management’s holdings in J P Morgan Chase & Co were worth $2,069,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Rothschild Capital Partners LLC lifted its holdings in shares of J P Morgan Chase & Co by 0.5% during the first quarter. Rothschild Capital Partners LLC now owns 120,841 shares of the financial services provider’s stock worth $10,615,000 after buying an additional 592 shares in the last quarter. Hennessy Advisors Inc. lifted its holdings in shares of J P Morgan Chase & Co by 6.3% during the first quarter. Hennessy Advisors Inc. now owns 17,000 shares of the financial services provider’s stock worth $1,493,000 after buying an additional 1,000 shares in the last quarter. Verity & Verity LLC lifted its holdings in shares of J P Morgan Chase & Co by 2.0% during the first quarter. Verity & Verity LLC now owns 98,169 shares of the financial services provider’s stock worth $8,624,000 after buying an additional 1,972 shares in the last quarter. Swedbank lifted its holdings in shares of J P Morgan Chase & Co by 19.0% during the first quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock worth $462,130,000 after buying an additional 840,518 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its holdings in shares of J P Morgan Chase & Co by 0.7% during the first quarter. North Star Investment Management Corp. now owns 267,316 shares of the financial services provider’s stock worth $23,481,000 after buying an additional 1,779 shares in the last quarter. 73.93% of the stock is owned by hedge funds and other institutional investors.

Shares of J P Morgan Chase & Co (JPM) traded up $2.16 during midday trading on Tuesday, reaching $106.95. The company’s stock had a trading volume of 23,576,600 shares, compared to its average volume of 13,990,583. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $363,592.56, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 2.27 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.

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

A number of equities research analysts have recently weighed in on JPM shares. Barclays lifted their target price on J P Morgan Chase & Co from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Credit Suisse Group reissued a “buy” rating and set a $110.00 target price (up previously from $103.00) on shares of J P Morgan Chase & Co in a report on Monday, October 9th. They noted that the move was a valuation call. Keefe, Bruyette & Woods set a $96.00 price target on J P Morgan Chase & Co and gave the company a “hold” rating in a research note on Saturday, August 19th. Oppenheimer reaffirmed a “hold” rating on shares of J P Morgan Chase & Co in a research note on Thursday, October 12th. Finally, Morgan Stanley boosted their price target on 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 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. The stock has a consensus rating of “Hold” and an average target price of $92.18.

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

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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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