DnB Asset Management AS cut its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 5.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 535,924 shares of the financial services provider’s stock after selling 29,400 shares during the period. DnB Asset Management AS’s holdings in J P Morgan Chase & Co were worth $48,983,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Paradigm Financial Advisors LLC increased its holdings in shares of J P Morgan Chase & Co by 0.3% during the first quarter. Paradigm Financial Advisors LLC now owns 6,805 shares of the financial services provider’s stock worth $597,000 after buying an additional 21 shares in the last quarter. BSW Wealth Partners increased its holdings in shares of J P Morgan Chase & Co by 0.5% during the first quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock worth $429,000 after buying an additional 26 shares in the last quarter. Weybosset Research & Management LLC increased its holdings in shares of J P Morgan Chase & Co by 0.9% during the first quarter. Weybosset Research & Management LLC now owns 3,406 shares of the financial services provider’s stock worth $299,000 after buying an additional 30 shares in the last quarter. Financial Advisory Service Inc. increased its holdings in shares of J P Morgan Chase & Co by 0.7% during the first quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock worth $442,000 after buying an additional 36 shares in the last quarter. Finally, Keel Point LLC increased its holdings in shares of J P Morgan Chase & Co by 1.1% during the first quarter. Keel Point LLC now owns 3,365 shares of the financial services provider’s stock worth $296,000 after buying an additional 36 shares in the last quarter. Institutional investors own 78.02% of the company’s stock.

Several research analysts have recently issued reports on JPM shares. Wells Fargo & Company started coverage on shares of J P Morgan Chase & Co in a report on Wednesday, August 9th. They set an “outperform” rating and a $110.00 price target for the company. Zacks Investment Research upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a report on Tuesday, July 18th. Vetr raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price objective on the stock in a research note on Wednesday, September 6th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of J P Morgan Chase & Co in a research note on Friday, July 21st. Finally, Credit Suisse Group reduced their price objective on shares of J P Morgan Chase & Co from $102.00 to $99.00 and set an “outperform” rating on the stock in a research note on Thursday, June 29th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $85.59.

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In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The shares were 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 of the company’s stock, valued at $345,350.07. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 9,968 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $90.55, for a total transaction of $902,602.40. Following the sale, the general counsel now directly owns 10,527 shares of the company’s stock, valued at $953,219.85. The disclosure for this sale can be found here. Insiders have sold 28,564 shares of company stock valued at $2,605,334 over the last three months. 0.88% of the stock is owned by corporate insiders.

J P Morgan Chase & Co (JPM) traded down 0.31% on Thursday, reaching $90.87. 4,387,733 shares of the company traded hands. The stock’s 50-day moving average is $91.61 and its 200-day moving average is $89.00. The stock has a market capitalization of $319.73 billion, a price-to-earnings ratio of 13.40 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 released its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $24.38 billion. During the same period in the previous year, the company earned $1.55 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. Equities research analysts expect that J P Morgan Chase & Co will post $6.81 EPS for the current year.

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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