Gilbert & Cook Inc. decreased its stake in J P Morgan Chase & Co (NYSE:JPM) by 4.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,899 shares of the financial services provider’s stock after selling 198 shares during the period. Gilbert & Cook Inc.’s holdings in J P Morgan Chase & Co were worth $342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. Jackson Grant Investment Advisers Inc. raised its position in J P Morgan Chase & Co by 0.5% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 2,566 shares of the financial services provider’s stock valued at $221,000 after buying an additional 14 shares in the last quarter. Paradigm Financial Advisors LLC raised its position in J P Morgan Chase & Co by 0.3% in the first quarter. Paradigm Financial Advisors LLC now owns 6,805 shares of the financial services provider’s stock valued at $597,000 after buying an additional 21 shares in the last quarter. BSW Wealth Partners raised its position in J P Morgan Chase & Co by 0.5% in the first quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock valued at $429,000 after buying an additional 26 shares in the last quarter. Cypress Wealth Advisors LLC raised its position in J P Morgan Chase & Co by 0.3% in the fourth quarter. Cypress Wealth Advisors LLC now owns 9,895 shares of the financial services provider’s stock valued at $854,000 after buying an additional 27 shares in the last quarter. Finally, Weybosset Research & Management LLC raised its position in J P Morgan Chase & Co by 0.9% in the first quarter. Weybosset Research & Management LLC now owns 3,406 shares of the financial services provider’s stock valued at $299,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 74.84% of the company’s stock.

Shares of J P Morgan Chase & Co (NYSE:JPM) traded up 0.330% on Tuesday, hitting $92.795. The company had a trading volume of 2,928,120 shares. J P Morgan Chase & Co has a 12 month low of $64.86 and a 12 month high of $95.22. The company has a 50-day moving average of $92.04 and a 200 day moving average of $88.58. The stock has a market cap of $326.50 billion, a PE ratio of 13.689 and a beta of 1.19.

J P Morgan Chase & Co (NYSE:JPM) last issued its earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.23. The firm had revenue of $25.50 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $1.55 earnings per share. Analysts anticipate that J P Morgan Chase & Co will post $6.81 EPS for the current fiscal year.

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A number of research analysts recently issued reports on JPM shares. Nomura reiterated a “neutral” rating and issued a $83.00 target price on shares of J P Morgan Chase & Co in a report on Monday, April 17th. Keefe, Bruyette & Woods lifted their target price on J P Morgan Chase & Co to $47.00 and gave the company a “buy” rating in a report on Monday, April 17th. Guggenheim upgraded J P Morgan Chase & Co from a “neutral” rating to a “buy” rating and lifted their target price for the company from $88.25 to $96.00 in a report on Tuesday, April 25th. Vetr lowered J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $99.01 target price for the company. in a report on Wednesday, April 26th. Finally, Vining Sparks upgraded J P Morgan Chase & Co to an “outperform” rating and set a $95.00 target price for the company in a report on Thursday, April 27th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have issued a buy rating to the company. J P Morgan Chase & Co has an average rating of “Hold” and an average price target of $85.53.

In related news, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $91.58, for a total transaction of $1,611,441.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total transaction of $91,290.00. Following the sale, the insider now owns 3,783 shares of the company’s stock, valued at $345,350.07. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

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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