Empirical Financial Services LLC boosted its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 25.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,485 shares of the financial services provider’s stock after purchasing an additional 696 shares during the period. Empirical Financial Services LLC’s holdings in J P Morgan Chase & Co were worth $319,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. State Street Corp raised its stake in shares of J P Morgan Chase & Co by 0.8% in the 1st quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock valued at $14,979,775,000 after acquiring an additional 1,357,194 shares during the period. Legal & General Group Plc raised its stake in shares of J P Morgan Chase & Co by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 17,769,351 shares of the financial services provider’s stock valued at $1,624,143,000 after acquiring an additional 369,878 shares during the period. Jennison Associates LLC raised its stake in shares of J P Morgan Chase & Co by 16.2% in the 2nd quarter. Jennison Associates LLC now owns 13,461,063 shares of the financial services provider’s stock valued at $1,230,341,000 after acquiring an additional 1,880,530 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of J P Morgan Chase & Co by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 12,241,448 shares of the financial services provider’s stock valued at $1,118,869,000 after purchasing an additional 424,317 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of J P Morgan Chase & Co by 1.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,867,688 shares of the financial services provider’s stock valued at $993,307,000 after purchasing an additional 207,812 shares in the last quarter. 73.93% of the stock is currently owned by institutional investors.

Shares of J P Morgan Chase & Co (JPM) traded down $0.79 during trading on Thursday, reaching $104.93. 15,476,200 shares of the company’s stock were exchanged, compared to its average volume of 14,010,543. The stock has a market cap of $366,819.41, a P/E ratio of 15.23, a P/E/G ratio of 2.29 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. J P Morgan Chase & Co has a 52 week low of $81.64 and a 52 week high of $108.40.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.09. The company had revenue of $25.33 billion during the quarter, compared to the consensus estimate of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. J P Morgan Chase & Co’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 EPS. equities analysts anticipate that J P Morgan Chase & Co will post 6.91 EPS for the current year.

A number of research analysts recently weighed in on JPM shares. Barclays lifted their price objective on shares of J P Morgan Chase & Co from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Credit Suisse Group restated a “buy” rating and issued a $110.00 price objective (up previously from $103.00) on shares of J P Morgan Chase & Co in a report on Monday, October 9th. They noted that the move was a valuation call. Keefe, Bruyette & Woods set a $96.00 price objective on shares of J P Morgan Chase & Co and gave the company a “hold” rating in a report on Saturday, August 19th. Oppenheimer restated a “hold” rating on shares of J P Morgan Chase & Co in a report on Thursday, October 12th. Finally, Morgan Stanley lifted their price objective on shares of J P Morgan Chase & Co from $99.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. J P Morgan Chase & Co currently has an average rating of “Hold” and a consensus target price of $92.18.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the transaction, the general counsel now owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.88% of the stock is currently owned by corporate insiders.

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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.

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

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