American National Bank cut its position in J P Morgan Chase & Co (NYSE:JPM) by 9.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,112 shares of the financial services provider’s stock after selling 5,963 shares during the period. J P Morgan Chase & Co accounts for about 1.6% of American National Bank’s investment portfolio, making the stock its 23rd biggest position. American National Bank’s holdings in J P Morgan Chase & Co were worth $5,037,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JPM. Pacific Center for Financial Services boosted its position 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 valued at $123,000 after buying an additional 177 shares in the last quarter. Horrell Capital Management Inc. boosted its position in J P Morgan Chase & Co by 5.0% in the first quarter. Horrell Capital Management Inc. now owns 1,647 shares of the financial services provider’s stock valued at $145,000 after buying an additional 78 shares in the last quarter. Ullmann Financial Group Inc. acquired a new position in J P Morgan Chase & Co in the first quarter valued at about $148,000. Vista Capital Partners Inc. boosted its position in J P Morgan Chase & Co by 3.7% in the first quarter. Vista Capital Partners Inc. now owns 2,550 shares of the financial services provider’s stock valued at $224,000 after buying an additional 90 shares in the last quarter. Finally, Colorado Capital Management Inc. boosted its position in J P Morgan Chase & Co by 3.0% in the first quarter. Colorado Capital Management Inc. now owns 2,549 shares of the financial services provider’s stock valued at $224,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 78.02% of the company’s stock.

Shares of J P Morgan Chase & Co (NYSE:JPM) traded up 0.71% during midday trading on Friday, reaching $91.62. 18,171,794 shares of the company’s stock traded hands. The stock has a market cap of $322.36 billion, a P/E ratio of 13.52 and a beta of 1.19. The stock has a 50-day moving average price of $91.54 and a 200-day moving average price of $89.03. 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 released its quarterly 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. The firm had revenue of $25.50 billion during the quarter, compared to analyst estimates 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 company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.55 EPS. Analysts forecast that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.

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In other news, insider Nicole Giles sold 1,000 shares of J P Morgan Chase & Co stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total value of $91,290.00. Following the completion of the sale, the insider now owns 3,783 shares in the company, valued at approximately $345,350.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Marianne Lake sold 17,596 shares of J P Morgan Chase & Co stock in a transaction on 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 sold a total of 28,564 shares of company stock valued at $2,605,334 in the last quarter. 0.88% of the stock is currently owned by company insiders.

A number of research firms have commented on JPM. Vetr lowered shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and set a $93.14 price target on the stock. in a research report on Tuesday. Zacks Investment Research lowered shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. BMO Capital Markets restated a “hold” rating and issued a $86.00 price target on shares of J P Morgan Chase & Co in a research report on Friday, August 25th. Keefe, Bruyette & Woods set a $96.00 price target on shares of 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 restated a “buy” rating and issued a $95.00 price target on shares of J P Morgan Chase & Co in a research report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $85.59.

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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