Osborne Partners Capital Management LLC increased its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 230,579 shares of the financial services provider’s stock after buying an additional 3,321 shares during the period. J P Morgan Chase & Co comprises about 3.0% of Osborne Partners Capital Management LLC’s portfolio, making the stock its 3rd biggest position. Osborne Partners Capital Management LLC’s holdings in J P Morgan Chase & Co were worth $21,075,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in JPM. Karp Capital Management Corp acquired a new position in J P Morgan Chase & Co in the first quarter valued at approximately $140,124,000. State Street Corp boosted its holdings in 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 purchasing an additional 1,357,194 shares in the last quarter. Pioneer Investment Management Inc. boosted its holdings in J P Morgan Chase & Co by 22.2% in the first quarter. Pioneer Investment Management Inc. now owns 7,402,919 shares of the financial services provider’s stock valued at $650,272,000 after purchasing an additional 1,344,295 shares in the last quarter. Hexavest Inc. boosted its holdings in J P Morgan Chase & Co by 33,815.1% in the second quarter. Hexavest Inc. now owns 904,516 shares of the financial services provider’s stock valued at $82,673,000 after purchasing an additional 901,849 shares in the last quarter. Finally, Swedbank boosted its holdings in J P Morgan Chase & Co by 19.0% in the first quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock valued at $462,130,000 after purchasing an additional 840,518 shares in the last quarter. Hedge funds and other institutional investors own 78.02% of the company’s stock.

A number of brokerages recently issued reports on JPM. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $93.00 price target on shares of J P Morgan Chase & Co in a report on Thursday, July 6th. Wells Fargo & Company began coverage on J P Morgan Chase & Co in a report on Wednesday, August 9th. They issued an “outperform” rating and a $110.00 price target for the company. Buckingham Research reaffirmed a “neutral” rating and issued a $100.00 price target (up from $94.00) on shares of J P Morgan Chase & Co in a report on Monday, July 10th. Berenberg Bank set a $65.00 price target on J P Morgan Chase & Co and gave the company a “sell” rating in a report on Thursday, August 3rd. Finally, BidaskClub raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have assigned a buy rating to the company. J P Morgan Chase & Co currently has an average rating of “Hold” and a consensus price target of $85.59.

In other news, General Counsel Stacey Friedman sold 9,968 shares of the business’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 sale, the general counsel now owns 10,527 shares of the company’s stock, valued at approximately $953,219.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Marianne Lake sold 17,596 shares of the business’s stock in a transaction on 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. Insiders sold a total of 28,564 shares of company stock worth $2,605,334 in the last three months. Company insiders own 0.88% of the company’s stock.

J P Morgan Chase & Co (NYSE JPM) traded up 0.58% on Friday, reaching $91.50. The company’s stock had a trading volume of 7,499,554 shares. The firm has a 50-day moving average price of $91.53 and a 200 day moving average price of $89.02. 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 market capitalization of $321.94 billion, a P/E ratio of 13.50 and a beta of 1.19.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the Zacks’ 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 analyst estimates of $24.38 billion. During the same quarter in the previous year, the firm posted $1.55 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. 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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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.

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

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