Scotia Capital Inc. raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 998,566 shares of the financial services provider’s stock after purchasing an additional 863 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.4% of Scotia Capital Inc.’s holdings, making the stock its 18th biggest holding. Scotia Capital Inc.’s holdings in JPMorgan Chase & Co. were worth $111,646,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in JPMorgan Chase & Co. by 1.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 15,021,076 shares of the financial services provider’s stock worth $1,679,357,000 after acquiring an additional 275,854 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of JPMorgan Chase & Co. by 2.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 11,155,325 shares of the financial services provider’s stock valued at $1,247,165,000 after acquiring an additional 272,685 shares during the last quarter. APG Asset Management N.V. increased its holdings in shares of JPMorgan Chase & Co. by 5.0% in the 2nd quarter. APG Asset Management N.V. now owns 8,002,662 shares of the financial services provider’s stock worth $785,649,000 after buying an additional 384,282 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of JPMorgan Chase & Co. by 0.5% in the 4th quarter. Rhumbline Advisers now owns 5,870,204 shares of the financial services provider’s stock worth $573,049,000 after buying an additional 31,681 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of JPMorgan Chase & Co. by 4.0% during the 2nd quarter. Fisher Asset Management LLC now owns 5,811,331 shares of the financial services provider’s stock valued at $649,707,000 after buying an additional 223,850 shares in the last quarter. 72.23% of the stock is currently owned by institutional investors.

Several equities analysts have recently weighed in on the company. Morgan Stanley set a $122.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, August 9th. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Goldman Sachs Group restated a “neutral” rating and issued a $117.00 target price on shares of JPMorgan Chase & Co. in a 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 note on Friday, August 16th. Finally, Deutsche Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, June 28th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. JPMorgan Chase & Co. has a consensus rating of “Hold” and an average price target of $121.94.

Shares of JPM stock traded up $0.20 on Wednesday, hitting $117.07. The stock had a trading volume of 7,766,259 shares, compared to its average volume of 10,551,968. The stock’s 50 day moving average is $110.69 and its 200-day moving average is $109.57. The firm has a market capitalization of $373.69 billion, a price-to-earnings ratio of 13.01, a P/E/G ratio of 1.66 and a beta of 1.19. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $119.24. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 0.97.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.32. The business had revenue of $28.83 billion for 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 business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.29 EPS. Equities analysts expect that JPMorgan Chase & Co. will post 9.91 earnings per share for the current year.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 13,341 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total value of $1,524,609.48. Following the completion of the transaction, the insider now directly owns 10,130 shares in the company, valued at $1,157,656.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mellody L. Hobson acquired 18,200 shares of the stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $109.91 per share, for a total transaction of $2,000,362.00. Following the completion of the transaction, the director now owns 7,804 shares in the company, valued at approximately $857,737.64. The disclosure for this purchase can be found here. Corporate insiders own 0.76% of the company’s stock.

JPMorgan Chase & Co. Company 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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