Sentinel Trust Co. LBA raised its stake in J P Morgan Chase & Co (NYSE:JPM) by 19.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,274 shares of the financial services provider’s stock after buying an additional 4,411 shares during the period. Sentinel Trust Co. LBA’s holdings in J P Morgan Chase & Co were worth $2,493,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in JPM. State Street Corp raised its stake in shares of J P Morgan Chase & Co by 0.8% in the first quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock valued at $14,979,775,000 after buying an additional 1,357,194 shares during the last quarter. Norges Bank purchased a new stake in shares of J P Morgan Chase & Co during the fourth quarter valued at approximately $2,897,377,000. Dodge & Cox purchased a new stake in shares of J P Morgan Chase & Co during the fourth quarter valued at approximately $2,297,616,000. Schwab Charles Investment Management Inc. raised its stake in shares of J P Morgan Chase & Co by 3.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 11,817,131 shares of the financial services provider’s stock valued at $1,038,017,000 after buying an additional 430,584 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of J P Morgan Chase & Co by 10.1% in the fourth quarter. Teachers Advisors LLC now owns 8,317,280 shares of the financial services provider’s stock valued at $717,698,000 after buying an additional 764,019 shares during the last quarter. Hedge funds and other institutional investors own 74.84% of the company’s stock.

J P Morgan Chase & Co (JPM) traded up 0.10% during midday trading on Friday, reaching $90.74. 13,040,738 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $92.32 and its 200 day moving average is $88.70. The stock has a market cap of $319.27 billion, a P/E ratio of 13.39 and a beta of 1.19. J P Morgan Chase & Co has a 1-year low of $65.11 and a 1-year high of $95.22.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data 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 business had revenue of $25.50 billion for 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%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Equities analysts anticipate that J P Morgan Chase & Co will post $6.81 earnings per share for the current fiscal year.

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JPM has been the topic of several analyst reports. Buckingham Research restated a “neutral” rating and issued a $100.00 price target (up previously from $94.00) on shares of J P Morgan Chase & Co in a research note on Monday, July 10th. Bank of America Corporation restated an “outperform” rating and issued a $99.00 price target on shares of J P Morgan Chase & Co in a research note on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $93.00 price target on shares of J P Morgan Chase & Co in a research note on Thursday, July 6th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of J P Morgan Chase & Co in a research note on Friday, July 21st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $92.00 price target on shares of J P Morgan Chase & Co in a research note on Wednesday, June 7th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty have issued a buy rating to the stock. J P Morgan Chase & Co has a consensus rating of “Hold” and a consensus price target of $85.53.

In other news, CFO Marianne Lake sold 17,596 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $91.58, for a total value of $1,611,441.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nicole Giles sold 1,000 shares of the business’s 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 completion of the sale, the insider now directly owns 3,783 shares in the company, valued at approximately $345,350.07. The disclosure for this sale can be found here. 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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