Bristlecone Advisors LLC boosted its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 0.3% during the first quarter, Holdings Channel reports. The firm owned 29,154 shares of the financial services provider’s stock after buying an additional 82 shares during the period. Bristlecone Advisors LLC’s holdings in J P Morgan Chase & Co were worth $2,561,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JPM. Achmea Investment Management B.V. purchased a new position in shares of J P Morgan Chase & Co during the first quarter worth approximately $28,831,000. Community Trust & Investment Co. increased its position in shares of J P Morgan Chase & Co by 0.6% in the first quarter. Community Trust & Investment Co. now owns 397,075 shares of the financial services provider’s stock worth $34,880,000 after buying an additional 2,538 shares during the period. Cambridge Trust Co. increased its position in shares of J P Morgan Chase & Co by 113.5% in the first quarter. Cambridge Trust Co. now owns 126,607 shares of the financial services provider’s stock worth $11,121,000 after buying an additional 67,315 shares during the period. North Star Asset Management Inc. increased its position in shares of J P Morgan Chase & Co by 0.6% in the first quarter. North Star Asset Management Inc. now owns 19,275 shares of the financial services provider’s stock worth $1,693,000 after buying an additional 123 shares during the period. Finally, BSW Wealth Partners increased its position in shares of J P Morgan Chase & Co by 0.5% in the first quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock worth $429,000 after buying an additional 26 shares during the period. 74.84% of the stock is owned by institutional investors.

Shares of J P Morgan Chase & Co (NYSE JPM) traded down 0.0479% during trading on Wednesday, hitting $92.6856. 2,154,654 shares of the stock traded hands. J P Morgan Chase & Co has a 1-year low of $64.86 and a 1-year high of $95.22. The company has a market cap of $326.11 billion, a P/E ratio of 13.6725 and a beta of 1.19. The stock has a 50-day moving average of $92.19 and a 200 day moving average of $88.63.

J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The company had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. During the same period last year, the business earned $1.55 earnings per share. J P Morgan Chase & Co’s revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts predict that J P Morgan Chase & Co will post $6.81 EPS for the current fiscal year.

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A number of research analysts have recently commented on the stock. Wells Fargo & Company assumed coverage on shares of J P Morgan Chase & Co in a research report on Wednesday, August 9th. They issued an “outperform” rating and a $110.00 price objective for the company. Berenberg Bank set a $65.00 price objective on shares of J P Morgan Chase & Co and gave the company a “sell” rating in a research report on Thursday, August 3rd. BidaskClub downgraded shares of J P Morgan Chase & Co from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of J P Morgan Chase & Co in a research report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have given a buy rating to the stock. J P Morgan Chase & Co currently has an average rating of “Hold” and an average price target of $85.53.

In related news, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total value of $91,290.00. Following the sale, the insider now directly owns 3,783 shares of the company’s stock, valued at $345,350.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $91.58, for a total transaction of $1,611,441.68. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by company insiders.

About J P Morgan Chase & Co

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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

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