Mogy Joel R Investment Counsel Inc. maintained its position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the second quarter, Holdings Channel reports. The institutional investor owned 6,343 shares of the financial services provider’s stock at the end of the second quarter. Mogy Joel R Investment Counsel Inc.’s holdings in JPMorgan Chase & Co. were worth $394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of JPM. Acrospire Investment Management LLC purchased a new stake in JPMorgan Chase & Co. during the first quarter worth about $107,000. Vigilant Capital Management LLC boosted its stake in JPMorgan Chase & Co. by 22.1% in the second quarter. Vigilant Capital Management LLC now owns 2,079 shares of the financial services provider’s stock worth $129,000 after buying an additional 376 shares in the last quarter. Perkins Coie Trust Co boosted its stake in JPMorgan Chase & Co. by 10.2% in the second quarter. Perkins Coie Trust Co now owns 2,163 shares of the financial services provider’s stock worth $134,000 after buying an additional 200 shares in the last quarter. Physicians Financial Services Inc. boosted its stake in JPMorgan Chase & Co. by 12.2% in the second quarter. Physicians Financial Services Inc. now owns 2,432 shares of the financial services provider’s stock worth $151,000 after buying an additional 265 shares in the last quarter. Finally, Barnett & Company Inc. purchased a new stake in JPMorgan Chase & Co. during the first quarter worth about $156,000. 73.32% of the stock is currently owned by institutional investors.

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down 1.23% on Friday, reaching $65.82. The company had a trading volume of 25,161,488 shares. JPMorgan Chase & Co. has a 12 month low of $52.50 and a 12 month high of $69.03. The stock has a 50-day moving average price of $65.86 and a 200-day moving average price of $62.84. The stock has a market cap of $237.71 billion, a PE ratio of 11.15 and a beta of 1.65.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Thursday, July 14th. The financial services provider reported $1.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.12. The firm had revenue of $24.40 billion for the quarter, compared to the consensus estimate of $23.84 billion. JPMorgan Chase & Co. had a return on equity of 10.20% and a net margin of 24.47%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 EPS. Analysts predict that JPMorgan Chase & Co. will post $5.65 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on JPM shares. Nomura lowered their price objective on JPMorgan Chase & Co. from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 7th. Zacks Investment Research cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday. Macquarie cut JPMorgan Chase & Co. from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $72.00 to $70.00 in a research report on Friday, September 9th. Robert W. Baird reaffirmed an “outperform” rating and issued a $75.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, June 6th. Finally, Societe Generale reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 6th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $71.34.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 15,521 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $63.97, for a total transaction of $992,878.37. Following the transaction, the insider now directly owns 14,938 shares of the company’s stock, valued at approximately $955,583.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Matthew E. Zames sold 3,991 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $63.91, for a total value of $255,064.81. Following the transaction, the chief operating officer now directly owns 282,287 shares in the company, valued at $18,040,962.17. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

JPMorgan 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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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