Insight 2811 Inc. raised its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 0.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,035 shares of the financial services provider’s stock after buying an additional 3 shares during the period. Insight 2811 Inc.’s holdings in J P Morgan Chase & Co were worth $267,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in JPM. Norges Bank purchased a new stake in J P Morgan Chase & Co during the fourth quarter worth $2,897,377,000. Dodge & Cox purchased a new stake in J P Morgan Chase & Co during the fourth quarter worth $2,297,616,000. Teachers Advisors LLC raised its stake in J P Morgan Chase & Co by 10.1% in the fourth quarter. Teachers Advisors LLC now owns 8,317,280 shares of the financial services provider’s stock worth $717,698,000 after buying an additional 764,019 shares during the period. Swedbank raised its stake in 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 worth $462,130,000 after buying an additional 840,518 shares during the period. Finally, Chevy Chase Trust Holdings Inc. raised its stake in J P Morgan Chase & Co by 2.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 3,127,521 shares of the financial services provider’s stock worth $274,721,000 after buying an additional 80,853 shares during the period. Hedge funds and other institutional investors own 78.01% of the company’s stock.

J P Morgan Chase & Co (JPM) traded up 0.54% on Wednesday, hitting $91.59. 2,187,531 shares of the company’s stock were exchanged. J P Morgan Chase & Co has a 12-month low of $65.11 and a 12-month high of $95.22. The company’s 50-day moving average price is $92.15 and its 200-day moving average price is $88.91. The company has a market cap of $322.26 billion, a PE ratio of 13.51 and a beta of 1.19.

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

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JPM has been the topic of a number of recent analyst reports. UBS AG reissued a “buy” rating and issued a $101.00 price objective on shares of J P Morgan Chase & Co in a research report on Monday, May 15th. Vetr lowered shares of J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price objective on the stock. in a research report on Monday, May 15th. BMO Capital Markets reissued a “hold” rating and issued a $85.00 price objective on shares of J P Morgan Chase & Co in a research report on Thursday, June 1st. Instinet reissued a “neutral” rating and issued a $84.00 price objective (down from $87.00) on shares of J P Morgan Chase & Co in a research report on Saturday, June 3rd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $92.00 price objective on shares of J P Morgan Chase & Co in a research report on Wednesday, June 7th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have given a buy rating to the company. J P Morgan Chase & Co presently has an average rating of “Hold” and a consensus target price of $85.72.

In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of J P Morgan Chase & Co stock in a transaction on Tuesday, July 18th. The shares were 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 owns 3,783 shares of the company’s stock, valued at $345,350.07. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Marianne Lake sold 17,596 shares of J P Morgan Chase & Co stock in a transaction on Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,564 shares of company stock valued at $2,605,334. 0.88% of the stock is currently owned by corporate insiders.

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.

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

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