First Manhattan CO. LLC. Has $74.15 Million Stock Holdings in JPMorgan Chase & Co. $JPM

First Manhattan CO. LLC. grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 31.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 302,296 shares of the financial services provider’s stock after buying an additional 72,265 shares during the period. First Manhattan CO. LLC.’s holdings in JPMorgan Chase & Co. were worth $74,153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. GW Henssler & Associates Ltd. acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $10,108,000. Focus Partners Advisor Solutions LLC increased its stake in shares of JPMorgan Chase & Co. by 12.6% in the first quarter. Focus Partners Advisor Solutions LLC now owns 74,569 shares of the financial services provider’s stock valued at $18,292,000 after buying an additional 8,360 shares during the period. First Financial Bankshares Inc increased its stake in shares of JPMorgan Chase & Co. by 0.3% in the first quarter. First Financial Bankshares Inc now owns 786,589 shares of the financial services provider’s stock valued at $192,950,000 after buying an additional 2,732 shares during the period. Ameriflex Group Inc. increased its stake in shares of JPMorgan Chase & Co. by 52.8% in the first quarter. Ameriflex Group Inc. now owns 7,499 shares of the financial services provider’s stock valued at $1,840,000 after buying an additional 2,591 shares during the period. Finally, Graham Capital Management L.P. acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $549,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.1%

Shares of JPMorgan Chase & Co. stock opened at $301.46 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a 52 week low of $200.61 and a 52 week high of $302.95. The stock has a 50 day moving average price of $291.59 and a two-hundred day moving average price of $265.18. The stock has a market capitalization of $828.94 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 2.00 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating analysts’ consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The company had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. During the same quarter last year, the company earned $6.12 earnings per share. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Insider Transactions at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the transaction, the chief operating officer directly owned 62,455 shares in the company, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on JPM. Evercore ISI set a $298.00 price target on JPMorgan Chase & Co. and gave the company an “outperform” rating in a research note on Monday, July 7th. Citigroup set a $275.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Monday, July 7th. Wall Street Zen upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. Royal Bank Of Canada set a $305.00 price target on JPMorgan Chase & Co. and gave the stock an “outperform” rating in a report on Monday, June 30th. Finally, TD Securities restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $288.68.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.