Watch Point Trust Co boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 17.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,282 shares of the financial services provider’s stock after buying an additional 6,735 shares during the period. JPMorgan Chase & Co. comprises 2.9% of Watch Point Trust Co’s portfolio, making the stock its 5th largest holding. Watch Point Trust Co’s holdings in JPMorgan Chase & Co. were worth $5,175,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Thoroughbred Financial Services LLC boosted its stake in shares of JPMorgan Chase & Co. by 11,601.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 4,973,970 shares of the financial services provider’s stock valued at $497,397,000 after purchasing an additional 4,931,461 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 179.6% in the 2nd quarter. Bessemer Group Inc. now owns 3,508,417 shares of the financial services provider’s stock valued at $392,240,000 after purchasing an additional 2,253,764 shares in the last quarter. Royal London Asset Management Ltd. acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $182,400,000. ADAMCAPITAL Gestao de Recursos Ltda. boosted its stake in shares of JPMorgan Chase & Co. by 32.0% in the 4th quarter. ADAMCAPITAL Gestao de Recursos Ltda. now owns 2,598,267 shares of the financial services provider’s stock valued at $253,643,000 after purchasing an additional 629,580 shares in the last quarter. Finally, Miller Howard Investments Inc. NY acquired a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $58,723,000. Hedge funds and other institutional investors own 72.31% of the company’s stock.

Several equities research analysts have recently commented on the stock. Deutsche Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Friday, June 28th. Goldman Sachs Group reiterated a “neutral” rating and set a $117.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. Wells Fargo & Co set a $125.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, August 16th. DZ Bank reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $121.94.

In other JPMorgan Chase & Co. news, EVP Peter Scher sold 10,816 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $115.00, for a total transaction of $1,243,840.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mellody L. Hobson acquired 18,200 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $109.91 per share, with a total value of $2,000,362.00. Following the completion of the acquisition, the director now directly owns 7,804 shares in the company, valued at approximately $857,737.64. The disclosure for this purchase can be found here. Insiders own 0.76% of the company’s stock.

NYSE JPM traded up $0.44 on Wednesday, hitting $107.75. 1,118,728 shares of the company were exchanged, compared to its average volume of 12,049,560. The firm has a 50 day moving average of $112.41 and a two-hundred day moving average of $108.93. The company has a market cap of $344.43 billion, a P/E ratio of 11.97, a P/E/G ratio of 1.55 and a beta of 1.16. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.32. The firm had revenue of $28.83 billion during the quarter, compared to analysts’ expectations of $28.52 billion. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.29 EPS. Research analysts anticipate that JPMorgan Chase & Co. will post 9.94 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 (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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