Triangle Securities Wealth Management cut its stake in J P Morgan Chase & Co (NYSE:JPM) by 2.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,248 shares of the financial services provider’s stock after selling 690 shares during the period. J P Morgan Chase & Co accounts for approximately 2.1% of Triangle Securities Wealth Management’s portfolio, making the stock its 8th largest position. Triangle Securities Wealth Management’s holdings in J P Morgan Chase & Co were worth $3,130,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Indiana Trust & Investment Management CO lifted its holdings in J P Morgan Chase & Co by 0.7% in the second quarter. Indiana Trust & Investment Management CO now owns 41,727 shares of the financial services provider’s stock worth $3,814,000 after buying an additional 276 shares during the period. McQueen Ball & Associates Inc. lifted its holdings in J P Morgan Chase & Co by 0.3% in the second quarter. McQueen Ball & Associates Inc. now owns 38,198 shares of the financial services provider’s stock worth $3,491,000 after buying an additional 105 shares during the period. Bath Savings Trust Co purchased a new stake in J P Morgan Chase & Co in the second quarter worth about $264,000. Grassi Investment Management lifted its holdings in J P Morgan Chase & Co by 2.2% in the second quarter. Grassi Investment Management now owns 125,494 shares of the financial services provider’s stock worth $11,470,000 after buying an additional 2,726 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in J P Morgan Chase & Co by 0.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 908,997 shares of the financial services provider’s stock worth $79,847,000 after buying an additional 7,720 shares during the period. Institutional investors and hedge funds own 78.02% of the company’s stock.

J P Morgan Chase & Co (JPM) traded up 0.500% during midday trading on Friday, reaching $91.425. 6,852,058 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $91.54 and its 200-day moving average is $89.03. J P Morgan Chase & Co has a 12-month low of $65.11 and a 12-month high of $95.22. The stock has a market capitalization of $321.68 billion, a price-to-earnings ratio of 13.487 and a beta of 1.19.

J P Morgan Chase & Co (NYSE:JPM) last posted 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. The business had revenue of $25.50 billion during 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% on a year-over-year basis. During the same quarter last year, the company posted $1.55 earnings per share. On average, equities analysts forecast that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.

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JPM has been the subject of several research analyst reports. BMO Capital Markets restated a “hold” rating and issued a $85.00 price objective on shares of J P Morgan Chase & Co in a report on Thursday, June 1st. Instinet restated a “neutral” rating and issued a $84.00 price objective (down from $87.00) on shares of J P Morgan Chase & Co in a report on Saturday, June 3rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $92.00 price objective on shares of J P Morgan Chase & Co in a report on Wednesday, June 7th. BidaskClub upgraded shares of J P Morgan Chase & Co from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Vetr lowered shares of J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price objective for the company. in a report on Monday, June 12th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned 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 target price of $85.59.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 9,968 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $90.55, for a total value of $902,602.40. Following the completion of the transaction, the general counsel now owns 10,527 shares of the company’s stock, valued at $953,219.85. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total transaction of $91,290.00. Following the completion of the transaction, the insider now directly owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,564 shares of company stock valued at $2,605,334. Corporate 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.

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

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