First Citizens Bank & Trust Co. increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 136,527 shares of the financial services provider’s stock after buying an additional 934 shares during the period. JPMorgan Chase & Co. accounts for about 1.7% of First Citizens Bank & Trust Co.’s portfolio, making the stock its 6th biggest position. First Citizens Bank & Trust Co.’s holdings in JPMorgan Chase & Co. were worth $14,227,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of JPM. Summit Trail Advisors LLC increased its holdings in JPMorgan Chase & Co. by 10,129.2% in the 1st quarter. Summit Trail Advisors LLC now owns 6,914,142 shares of the financial services provider’s stock worth $6,914,000 after buying an additional 6,846,550 shares during the period. OppenheimerFunds Inc. increased its holdings in JPMorgan Chase & Co. by 104.9% in the 1st quarter. OppenheimerFunds Inc. now owns 9,051,033 shares of the financial services provider’s stock worth $995,342,000 after buying an additional 4,634,515 shares during the period. Mackenzie Financial Corp increased its holdings in JPMorgan Chase & Co. by 421.0% in the 4th quarter. Mackenzie Financial Corp now owns 3,427,864 shares of the financial services provider’s stock worth $366,576,000 after buying an additional 2,769,926 shares during the period. ADAMCAPITAL Gestao de Recursos Ltda. acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $262,139,000. Finally, OMERS ADMINISTRATION Corp increased its holdings in JPMorgan Chase & Co. by 108.1% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,835,312 shares of the financial services provider’s stock worth $421,769,000 after buying an additional 1,992,507 shares during the period. Institutional investors own 70.72% of the company’s stock.

In other news, CEO Gordon Smith sold 30,725 shares of the stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $114.01, for a total transaction of $3,502,957.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.

JPM has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed a “$111.53” rating and set a $127.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 18th. Royal Bank of Canada reaffirmed a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 16th. Credit Suisse Group set a $130.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Thursday, July 12th. DZ Bank raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Finally, UBS Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $120.13.

Shares of NYSE:JPM opened at $113.84 on Tuesday. JPMorgan Chase & Co. has a 1 year low of $91.85 and a 1 year high of $119.33. The company has a market cap of $388.09 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 1.85 and a beta of 1.16. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, July 13th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.07. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%. The firm had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.62 billion. sell-side analysts expect that JPMorgan Chase & Co. will post 9.15 EPS for the current fiscal year.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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