Farmers National Bank boosted its holdings in J P Morgan Chase & Co (NYSE:JPM) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,693 shares of the financial services provider’s stock after purchasing an additional 70 shares during the quarter. Farmers National Bank’s holdings in J P Morgan Chase & Co were worth $712,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Horrell Capital Management Inc. raised its position in J P Morgan Chase & Co by 5.0% in the 1st quarter. Horrell Capital Management Inc. now owns 1,647 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 78 shares during the last quarter. Windsor Financial Group LLC purchased a new stake in J P Morgan Chase & Co in the 1st quarter valued at $224,000. Colorado Capital Management Inc. raised its position in J P Morgan Chase & Co by 3.0% in the 1st quarter. Colorado Capital Management Inc. now owns 2,549 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 75 shares during the last quarter. Vista Capital Partners Inc. raised its position in J P Morgan Chase & Co by 3.7% in the 1st quarter. Vista Capital Partners Inc. now owns 2,550 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 90 shares during the last quarter. Finally, Diversified Portfolios Inc. purchased a new stake in J P Morgan Chase & Co in the 1st quarter valued at $232,000. Hedge funds and other institutional investors own 78.02% of the company’s stock.

Shares of J P Morgan Chase & Co (NYSE:JPM) traded up 0.3567% during midday trading on Wednesday, reaching $91.2142. 6,034,398 shares of the company were exchanged. The firm’s 50 day moving average is $91.62 and its 200-day moving average is $88.99. J P Morgan Chase & Co has a 52-week low of $65.11 and a 52-week high of $95.22. The company has a market capitalization of $320.94 billion, a PE ratio of 13.4554 and a beta of 1.19.

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

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Several analysts recently commented on JPM shares. Buckingham Research reiterated 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 report on Monday, July 10th. Bank of America Corporation reiterated an “outperform” rating and issued a $99.00 price target on shares of J P Morgan Chase & Co in a research report on Wednesday, June 21st. Keefe, Bruyette & Woods set a $96.00 price target on shares of J P Morgan Chase & Co and gave the company a “hold” rating in a research report on Saturday, August 19th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $93.00 price target on shares of J P Morgan Chase & Co in a research report on Thursday, July 6th. Finally, Vetr downgraded shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and set a $93.14 price target for the company. in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $85.59.

In related news, General Counsel Stacey Friedman sold 9,968 shares of J P Morgan Chase & Co stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $90.55, for a total value of $902,602.40. Following the transaction, the general counsel now owns 10,527 shares of the company’s stock, valued at approximately $953,219.85. The sale 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 dated 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. Over the last quarter, insiders sold 28,564 shares of company stock worth $2,605,334. 0.88% of the stock is owned by company insiders.

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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