ProShare Advisors LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,345,230 shares of the financial services provider’s stock after purchasing an additional 71,731 shares during the period. JPMorgan Chase & Co. accounts for about 1.0% of ProShare Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. ProShare Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $147,935,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Keeler Thomas Management LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter worth about $112,000. Financial Gravity Wealth Inc. bought a new position in JPMorgan Chase & Co. in the first quarter worth about $150,000. Stelac Advisory Services LLC bought a new position in JPMorgan Chase & Co. in the first quarter worth about $162,000. FSI Group LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter worth about $159,000. Finally, Private Ocean LLC lifted its holdings in JPMorgan Chase & Co. by 94.7% in the first quarter. Private Ocean LLC now owns 1,694 shares of the financial services provider’s stock worth $186,000 after acquiring an additional 824 shares during the last quarter. Institutional investors and hedge funds own 71.69% of the company’s stock.

JPM opened at $114.68 on Friday. The company has a market cap of $394.57 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 1.88 and a beta of 1.24. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. JPMorgan Chase & Co. has a twelve month low of $88.08 and a twelve month high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, July 13th. The financial services provider reported $2.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.22 by $0.07. The company had revenue of $27.75 billion for the quarter, compared to analysts’ expectations of $27.62 billion. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%. analysts anticipate that JPMorgan Chase & Co. will post 9.15 earnings per share for the current year.

A number of brokerages have issued reports on JPM. DZ Bank raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Keefe, Bruyette & Woods reissued a “$111.53” rating and issued a $127.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, July 18th. UBS Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Credit Suisse Group set a $130.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Thursday, July 12th. Finally, Goldman Sachs Group set a $128.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a report on Monday, July 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company. JPMorgan Chase & Co. has a consensus rating of “Buy” and a consensus target price of $120.23.

In related news, CEO Gordon Smith sold 30,725 shares of the business’s stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $114.01, for a total transaction of $3,502,957.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Chase & Co Jpmorgan bought 22,000 shares of the company’s stock in a transaction that occurred on Thursday, May 31st. The shares were purchased at an average cost of $1,000.00 per share, for a total transaction of $22,000,000.00. The disclosure for this purchase can be found here. Insiders own 0.73% of the company’s stock.

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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