Doyle Wealth Management boosted its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 175,460 shares of the financial services provider’s stock after buying an additional 1,988 shares during the period. J P Morgan Chase & Co accounts for 3.0% of Doyle Wealth Management’s portfolio, making the stock its 7th largest position. Doyle Wealth Management’s holdings in J P Morgan Chase & Co were worth $16,037,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JPM. Jarislowsky Fraser Ltd increased its position in shares of J P Morgan Chase & Co by 4.9% in the fourth quarter. Jarislowsky Fraser Ltd now owns 2,530,908 shares of the financial services provider’s stock worth $218,392,000 after buying an additional 117,973 shares during the period. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $125,000. AE Wealth Management LLC purchased a new position in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $317,000. CMH Wealth Management LLC purchased a new position in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $277,000. Finally, SNS Financial Group LLC purchased a new position in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $330,000. 78.01% of the stock is owned by institutional investors.

Shares of J P Morgan Chase & Co (NYSE JPM) traded up 0.4736% during mid-day trading on Wednesday, hitting $91.5314. 3,377,401 shares of the stock traded hands. The company has a market capitalization of $322.05 billion, a PE ratio of 13.5022 and a beta of 1.19. The company’s 50-day moving average price is $92.15 and its 200 day moving average price is $88.91. J P Morgan Chase & Co has a 1-year low of $65.11 and a 1-year high of $95.22.

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

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JPM has been the subject of several research analyst reports. UBS AG reaffirmed a “buy” rating and set a $101.00 target price on shares of J P Morgan Chase & Co in a report on Monday, May 15th. Vetr downgraded shares of 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, May 15th. BMO Capital Markets reaffirmed a “hold” rating and set a $85.00 target price on shares of J P Morgan Chase & Co in a report on Thursday, June 1st. Instinet reaffirmed a “neutral” rating and set a $84.00 target price (down previously from $87.00) on shares of J P Morgan Chase & Co in a report on Saturday, June 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $92.00 target price on shares of J P Morgan Chase & Co in a report on Wednesday, June 7th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have given a buy rating to the company’s stock. J P Morgan Chase & Co currently has a consensus rating of “Hold” and an average target price of $85.72.

In other news, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total value of $91,290.00. Following the completion of the transaction, the insider now directly owns 3,783 shares in the company, valued at $345,350.07. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $91.58, for a total value of $1,611,441.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,564 shares of company stock valued at $2,605,334. Company insiders own 0.88% 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.

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

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