Braun Bostich & Associates Inc. bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the first quarter, HoldingsChannel reports. The fund bought 6,196 shares of the financial services provider’s stock, valued at approximately $681,000.

Several other large investors have also recently modified their holdings of JPM. OppenheimerFunds Inc. raised its position in shares of JPMorgan Chase & Co. by 104.9% during the first quarter. OppenheimerFunds Inc. now owns 9,051,033 shares of the financial services provider’s stock worth $995,342,000 after purchasing an additional 4,634,515 shares during the period. Mackenzie Financial Corp raised its position in shares of JPMorgan Chase & Co. by 421.0% during the fourth quarter. Mackenzie Financial Corp now owns 3,427,864 shares of the financial services provider’s stock worth $366,576,000 after purchasing an additional 2,769,926 shares during the period. ADAMCAPITAL Gestao de Recursos Ltda. acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $262,139,000. OMERS ADMINISTRATION Corp raised its position in shares of JPMorgan Chase & Co. by 108.1% during the first quarter. OMERS ADMINISTRATION Corp now owns 3,835,312 shares of the financial services provider’s stock worth $421,769,000 after purchasing an additional 1,992,507 shares during the period. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth approximately $181,162,000. 70.72% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $120.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 16th. Goldman Sachs Group set a $128.00 target price on JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research report on Monday, July 23rd. Zacks Investment Research lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Societe Generale reaffirmed a “neutral” rating and set a $119.50 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 16th. Finally, Credit Suisse Group set a $130.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Thursday, July 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. has a consensus rating of “Buy” and an average target price of $120.23.

NYSE JPM opened at $115.15 on Wednesday. The firm has a market capitalization of $393.23 billion, a P/E ratio of 16.57, a P/E/G ratio of 1.88 and a beta of 1.16. JPMorgan Chase & Co. has a 12 month low of $88.08 and a 12 month high of $119.33. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18.

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

In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 30,725 shares of the company’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $114.01, for a total value of $3,502,957.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Company 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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