Perennial Advisors LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.7% during the second quarter, Holdings Channel reports. The fund owned 41,850 shares of the financial services provider’s stock after buying an additional 715 shares during the period. JPMorgan Chase & Co. comprises 2.7% of Perennial Advisors LLC’s holdings, making the stock its 6th biggest position. Perennial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $4,361,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JPM. Summit Trail Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 10,129.2% in the first quarter. Summit Trail Advisors LLC now owns 6,914,142 shares of the financial services provider’s stock valued at $6,914,000 after acquiring an additional 6,846,550 shares during the last quarter. OppenheimerFunds Inc. raised its position in JPMorgan Chase & Co. by 104.9% in the first quarter. OppenheimerFunds Inc. now owns 9,051,033 shares of the financial services provider’s stock valued at $995,342,000 after purchasing an additional 4,634,515 shares during the period. Charles Schwab Investment Advisory Inc. purchased a new stake in JPMorgan Chase & Co. in the second quarter valued at approximately $278,896,000. OMERS ADMINISTRATION Corp raised its position in JPMorgan Chase & Co. by 108.1% in the first quarter. OMERS ADMINISTRATION Corp now owns 3,835,312 shares of the financial services provider’s stock valued at $421,769,000 after purchasing an additional 1,992,507 shares during the period. Finally, Cornerstone Wealth Management LLC raised its position in JPMorgan Chase & Co. by 10,829.7% in the second quarter. Cornerstone Wealth Management LLC now owns 1,979,921 shares of the financial services provider’s stock valued at $18,842,000 after purchasing an additional 1,961,806 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

In related news, Director Mellody L. Hobson acquired 1,150 shares of the business’s stock in a transaction dated Friday, October 19th. The shares were acquired at an average price of $108.94 per share, with a total value of $125,281.00. Following the completion of the transaction, the director now owns 2,632 shares of the company’s stock, valued at $286,730.08. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. stock opened at $103.29 on Friday. JPMorgan Chase & Co. has a twelve month low of $102.20 and a twelve month high of $119.33. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $361.01 billion, a PE ratio of 12.01, a P/E/G ratio of 1.70 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.10. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. The business had revenue of $27.26 billion for the quarter, compared to analyst estimates of $27.20 billion. During the same quarter in the prior year, the company earned $1.76 earnings per share. Analysts predict that JPMorgan Chase & Co. will post 9.26 EPS for the current year.

JPM has been the topic of a number of research analyst reports. Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research report on Friday, September 14th. Bank of America boosted their target price on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a research report on Monday, September 17th. Wolfe Research initiated coverage on JPMorgan Chase & Co. in a research report on Tuesday, September 25th. They issued an “outperform” rating on the stock. Citigroup boosted their target price on JPMorgan Chase & Co. from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, September 26th. Finally, Goldman Sachs Group set a $130.00 target price on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Friday, October 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $123.64.

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JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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