Wagner Bowman Management Corp boosted its position in J P Morgan Chase & Co (NYSE:JPM) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,449 shares of the financial services provider’s stock after purchasing an additional 25 shares during the quarter. Wagner Bowman Management Corp’s holdings in J P Morgan Chase & Co were worth $1,320,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacific Center for Financial Services raised its holdings in J P Morgan Chase & Co by 14.5% in the first quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 177 shares in the last quarter. Horrell Capital Management Inc. increased its holdings in shares of J P Morgan Chase & Co by 5.0% during the first quarter. Horrell Capital Management Inc. now owns 1,647 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 78 shares in the last quarter. Ullmann Financial Group Inc. bought a new position in shares of J P Morgan Chase & Co during the first quarter valued at $148,000. Northwest Investment Counselors LLC bought a new position in shares of J P Morgan Chase & Co during the second quarter valued at $165,000. Finally, Mitchell Sinkler & Starr PA bought a new position in shares of J P Morgan Chase & Co during the second quarter valued at $212,000. Institutional investors and hedge funds own 78.02% of the company’s stock.

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

J P Morgan Chase & Co (JPM) traded up 0.17% during trading on Wednesday, reaching $91.04. The company had a trading volume of 6,569,992 shares. The firm has a market capitalization of $320.32 billion, a price-to-earnings ratio of 13.43 and a beta of 1.19. The company’s 50-day moving average is $91.61 and its 200 day moving average is $89.00. J P Morgan Chase & Co has a 52 week low of $65.11 and a 52 week high of $95.22.

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

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In other news, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 9,968 shares of the firm’s stock in a transaction on 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 $953,219.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,564 shares of company stock valued at $2,605,334. Company insiders own 0.88% 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.

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

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