Cambridge Trust Co. raised its stake in J P Morgan Chase & Co (NYSE:JPM) by 113.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 126,607 shares of the financial services provider’s stock after buying an additional 67,315 shares during the period. Cambridge Trust Co.’s holdings in J P Morgan Chase & Co were worth $11,121,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JPM. Pacific Center for Financial Services acquired a new position in J P Morgan Chase & Co during the fourth quarter valued at about $106,000. Thomas J. Herzfeld Advisors Inc. purchased a new stake in J P Morgan Chase & Co during the fourth quarter valued at $125,000. Glacier Peak Capital LLC purchased a new stake in J P Morgan Chase & Co during the fourth quarter valued at $129,000. Tortoise Investment Management LLC increased its stake in J P Morgan Chase & Co by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock valued at $136,000 after buying an additional 1,283 shares during the last quarter. Finally, Horrell Capital Management Inc. increased its stake in J P Morgan Chase & Co by 5.0% in the first quarter. Horrell Capital Management Inc. now owns 1,647 shares of the financial services provider’s stock valued at $145,000 after buying an additional 78 shares during the last quarter. 74.84% of the stock is owned by institutional investors and hedge funds.

Shares of J P Morgan Chase & Co (JPM) traded up 0.43% on Tuesday, hitting $92.89. The company’s stock had a trading volume of 2,666,192 shares. J P Morgan Chase & Co has a 52 week low of $64.86 and a 52 week high of $95.22. The stock’s 50 day moving average is $92.03 and its 200-day moving average is $88.58. The company has a market cap of $326.83 billion, a price-to-earnings ratio of 13.70 and a beta of 1.19.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. During the same period in the previous year, the company posted $1.55 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts anticipate that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.

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Several research firms have recently weighed in on JPM. BidaskClub raised J P Morgan Chase & Co from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Keefe, Bruyette & Woods boosted their target price on J P Morgan Chase & Co to $47.00 and gave the company a “buy” rating in a report on Monday, April 17th. Vetr downgraded J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 target price for the company. in a report on Monday, June 12th. Vining Sparks raised J P Morgan Chase & Co to an “outperform” rating and set a $95.00 target price for the company in a report on Thursday, April 27th. Finally, Zacks Investment Research downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $85.53.

In other J P Morgan Chase & Co news, CFO Marianne Lake sold 17,596 shares of J P Morgan Chase & Co 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nicole Giles sold 1,000 shares of J P Morgan Chase & Co stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total transaction of $91,290.00. Following the transaction, the insider now owns 3,783 shares in the company, valued at $345,350.07. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.

J P Morgan 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 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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