First National Trust Co. grew its position in J P Morgan Chase & Co (NYSE:JPM) by 5.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 149,235 shares of the financial services provider’s stock after purchasing an additional 7,825 shares during the quarter. J P Morgan Chase & Co comprises approximately 1.7% of First National Trust Co.’s investment portfolio, making the stock its 8th biggest position. First National Trust Co.’s holdings in J P Morgan Chase & Co were worth $13,640,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Rothschild Capital Partners LLC boosted its stake in shares of J P Morgan Chase & Co by 0.5% in the first quarter. Rothschild Capital Partners LLC now owns 120,841 shares of the financial services provider’s stock valued at $10,615,000 after buying an additional 592 shares during the period. Hennessy Advisors Inc. boosted its stake in shares of J P Morgan Chase & Co by 6.3% in the first quarter. Hennessy Advisors Inc. now owns 17,000 shares of the financial services provider’s stock valued at $1,493,000 after buying an additional 1,000 shares during the period. Verity & Verity LLC boosted its stake in shares of J P Morgan Chase & Co by 2.0% in the first quarter. Verity & Verity LLC now owns 98,169 shares of the financial services provider’s stock valued at $8,624,000 after buying an additional 1,972 shares during the period. Swedbank boosted its stake in shares of J P Morgan Chase & Co by 19.0% in the first quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock valued at $462,130,000 after buying an additional 840,518 shares during the period. Finally, North Star Investment Management Corp. boosted its stake in shares of J P Morgan Chase & Co by 0.7% in the first quarter. North Star Investment Management Corp. now owns 267,316 shares of the financial services provider’s stock valued at $23,481,000 after buying an additional 1,779 shares during the period. 73.94% of the stock is currently owned by institutional investors.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction on Thursday, October 26th. The stock was 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 directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.88% of the stock is currently owned by corporate insiders.

Several brokerages recently issued reports on JPM. Royal Bank Of Canada reiterated a “buy” rating and issued a $105.00 price target on shares of J P Morgan Chase & Co in a research note on Wednesday, November 15th. Wells Fargo & Company boosted their price target on J P Morgan Chase & Co from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Barclays boosted their price target on J P Morgan Chase & Co from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Nomura boosted their price target on J P Morgan Chase & Co from $87.00 to $91.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Finally, Bank of America set a $102.00 price target on J P Morgan Chase & Co and gave the company a “buy” rating in a research note on Friday, October 13th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. J P Morgan Chase & Co currently has a consensus rating of “Hold” and an average price target of $92.18.

Shares of J P Morgan Chase & Co (JPM) opened at $104.79 on Friday. 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 12 month low of $80.90 and a 12 month high of $106.66. The firm has a market capitalization of $363,592.59, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22.

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

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J P Morgan Chase & Co 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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