Reilly Financial Advisors LLC lowered its position in J P Morgan Chase & Co (NYSE:JPM) by 0.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,442 shares of the financial services provider’s stock after selling 38 shares during the period. Reilly Financial Advisors LLC’s holdings in J P Morgan Chase & Co were worth $497,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of JPM. Pacific Center for Financial Services acquired a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth $106,000. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth $125,000. Tortoise Investment Management LLC boosted its stake in shares of J P Morgan Chase & Co by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,283 shares during the last quarter. Horrell Capital Management Inc. boosted its stake in shares of J P Morgan Chase & Co by 5.0% in the first quarter. Horrell Capital Management Inc. now owns 1,647 shares of the financial services provider’s stock worth $145,000 after buying an additional 78 shares during the last quarter. Finally, Ullmann Financial Group Inc. acquired a new stake in shares of J P Morgan Chase & Co during the first quarter worth $148,000. Hedge funds and other institutional investors own 74.84% of the company’s stock.

J P Morgan Chase & Co (JPM) traded up 0.10% on Friday, reaching $90.74. 13,040,738 shares of the company were exchanged. J P Morgan Chase & Co has a 12-month low of $65.11 and a 12-month high of $95.22. The stock has a 50 day moving average of $92.32 and a 200 day moving average of $88.70. The firm has a market capitalization of $319.27 billion, a PE ratio of 13.39 and a beta of 1.19.

J P Morgan Chase & Co (NYSE:JPM) last released its earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.23. The company had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.55 EPS. Equities analysts anticipate that J P Morgan Chase & Co will post $6.81 EPS for the current year.

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A number of brokerages recently weighed in on JPM. UBS AG restated a “buy” rating and set a $101.00 target price on shares of J P Morgan Chase & Co in a report on Monday, May 15th. Instinet restated a “neutral” rating and set a $84.00 target price (down from $87.00) on shares of J P Morgan Chase & Co in a report on Saturday, June 3rd. Berenberg Bank set a $65.00 target price on shares of J P Morgan Chase & Co and gave the stock a “sell” rating in a report on Thursday, August 3rd. BidaskClub cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Zacks Investment Research downgraded shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $85.53.

In other news, insider Nicole Giles sold 1,000 shares of J P Morgan Chase & Co stock in a transaction 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 directly owns 3,783 shares in the company, valued at approximately $345,350.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 value of $1,611,441.68. The disclosure for this sale can be found here. 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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