Douglas Lane & Associates LLC raised its stake in J P Morgan Chase & Co (NYSE:JPM) by 25.4% during the second quarter, Holdings Channel reports. The firm owned 631,491 shares of the financial services provider’s stock after buying an additional 127,798 shares during the period. J P Morgan Chase & Co comprises about 1.4% of Douglas Lane & Associates LLC’s holdings, making the stock its 27th largest position. Douglas Lane & Associates LLC’s holdings in J P Morgan Chase & Co were worth $57,718,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caxton Associates LP acquired a new position in J P Morgan Chase & Co during the fourth quarter valued at approximately $1,294,000. Tudor Investment Corp Et Al boosted its position in J P Morgan Chase & Co by 253.9% in the fourth quarter. Tudor Investment Corp Et Al now owns 153,921 shares of the financial services provider’s stock valued at $13,282,000 after buying an additional 110,423 shares during the period. Hilltop Holdings Inc. boosted its position in J P Morgan Chase & Co by 4.9% in the fourth quarter. Hilltop Holdings Inc. now owns 6,819 shares of the financial services provider’s stock valued at $588,000 after buying an additional 316 shares during the period. Cambria Investment Management L.P. acquired a new position in J P Morgan Chase & Co during the fourth quarter valued at approximately $1,090,000. Finally, Glacier Peak Capital LLC acquired a new position in J P Morgan Chase & Co during the fourth quarter valued at approximately $129,000. Institutional investors and hedge funds own 74.84% of the company’s stock.

Shares of J P Morgan Chase & Co (NYSE JPM) traded up 0.37% during trading on Tuesday, reaching $92.83. The company’s stock had a trading volume of 3,881,737 shares. The company’s 50-day moving average is $92.03 and its 200-day moving average is $88.58. The company has a market capitalization of $326.62 billion, a P/E ratio of 13.69 and a beta of 1.19. J P Morgan Chase & Co has a 12 month low of $64.86 and a 12 month high of $95.22.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. The business had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. J P Morgan Chase & Co’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 earnings per share. On average, analysts forecast that J P Morgan Chase & Co will post $6.81 EPS for the current fiscal year.

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Several research analysts recently commented on JPM shares. Nomura reiterated a “neutral” rating and issued a $83.00 price target on shares of J P Morgan Chase & Co in a research note on Monday, April 17th. Keefe, Bruyette & Woods boosted their price target on J P Morgan Chase & Co to $47.00 and gave the stock a “buy” rating in a research note on Monday, April 17th. Guggenheim upgraded J P Morgan Chase & Co from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $88.25 to $96.00 in a research note on Tuesday, April 25th. Vetr cut J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $99.01 price objective on the stock. in a research note on Wednesday, April 26th. Finally, Vining Sparks upgraded J P Morgan Chase & Co to an “outperform” rating and set a $95.00 price objective on the stock in a research note on Thursday, April 27th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $85.53.

In related news, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 3,783 shares of the company’s stock, valued at $345,350.07. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

J P Morgan Chase & Co Company 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.

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

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