Northern Oak Wealth Management Inc. lowered its position in J P Morgan Chase & Co (NYSE:JPM) by 8.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,804 shares of the financial services provider’s stock after selling 10,747 shares during the quarter. J P Morgan Chase & Co makes up approximately 1.9% of Northern Oak Wealth Management Inc.’s holdings, making the stock its 7th biggest position. Northern Oak Wealth Management Inc.’s holdings in J P Morgan Chase & Co were worth $9,997,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Aristotle Capital Management LLC grew its stake in J P Morgan Chase & Co by 3.1% in the first quarter. Aristotle Capital Management LLC now owns 2,311,179 shares of the financial services provider’s stock valued at $203,014,000 after purchasing an additional 68,498 shares in the last quarter. Meridian Wealth Management LLC grew its stake in J P Morgan Chase & Co by 5.0% in the first quarter. Meridian Wealth Management LLC now owns 54,781 shares of the financial services provider’s stock valued at $4,812,000 after purchasing an additional 2,627 shares in the last quarter. Green Square Capital LLC grew its stake in J P Morgan Chase & Co by 4.3% in the first quarter. Green Square Capital LLC now owns 78,697 shares of the financial services provider’s stock valued at $6,913,000 after purchasing an additional 3,244 shares in the last quarter. Almanack Investment Partners LLC. grew its stake in J P Morgan Chase & Co by 23.9% in the first quarter. Almanack Investment Partners LLC. now owns 3,813 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 736 shares in the last quarter. Finally, Horizon Investment Services LLC grew its stake in J P Morgan Chase & Co by 927.4% in the first quarter. Horizon Investment Services LLC now owns 46,027 shares of the financial services provider’s stock valued at $4,043,000 after purchasing an additional 41,547 shares in the last quarter. Hedge funds and other institutional investors own 78.02% of the company’s stock.

J P Morgan Chase & Co (NYSE:JPM) traded up 0.33% during mid-day trading on Wednesday, hitting $91.19. The company’s stock had a trading volume of 6,028,303 shares. J P Morgan Chase & Co has a 52-week low of $65.11 and a 52-week high of $95.22. The firm has a 50 day moving average of $91.62 and a 200-day moving average of $88.99. The firm has a market cap of $320.85 billion, a price-to-earnings ratio of 13.45 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, beating the Zacks’ consensus estimate of $1.59 by $0.23. The business had revenue of $25.50 billion for the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 earnings per share. On average, equities research analysts expect that J P Morgan Chase & Co will post $6.81 EPS for the current fiscal year.

A number of research analysts have commented on the company. Vetr downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating and set a $93.14 target price on the stock. in a research note on Tuesday. Zacks Investment Research downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. BMO Capital Markets restated a “hold” rating and issued a $86.00 target price on shares of J P Morgan Chase & Co in a research note on Friday, August 25th. Keefe, Bruyette & Woods set a $96.00 target price on J P Morgan Chase & Co and gave the company a “hold” rating in a research note on Saturday, August 19th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $95.00 price target on shares of J P Morgan Chase & Co in a research note on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $85.59.

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In other news, insider Nicole Giles sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the transaction, the insider now owns 3,783 shares in the company, valued at $345,350.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Marianne Lake sold 17,596 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $91.58, for a total transaction of $1,611,441.68. The disclosure for this sale can be found here. Insiders have sold 28,564 shares of company stock worth $2,605,334 in the last quarter. Company insiders own 0.88% 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.

Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

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