Lau Associates LLC grew its holdings in J P Morgan Chase & Co (NYSE:JPM) by 51.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,390 shares of the financial services provider’s stock after acquiring an additional 5,880 shares during the period. J P Morgan Chase & Co comprises about 1.3% of Lau Associates LLC’s investment portfolio, making the stock its 21st biggest position. Lau Associates LLC’s holdings in J P Morgan Chase & Co were worth $1,589,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Karp Capital Management Corp purchased a new stake in shares of J P Morgan Chase & Co in the first quarter worth about $140,124,000. State Street Corp lifted its position in shares of 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 worth $14,979,775,000 after buying an additional 1,357,194 shares in the last quarter. Pioneer Investment Management Inc. lifted its position in shares of 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 worth $650,272,000 after buying an additional 1,344,295 shares in the last quarter. Swedbank lifted its position in shares of 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 worth $462,130,000 after buying an additional 840,518 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of J P Morgan Chase & Co in the first quarter worth about $63,330,000. Institutional investors and hedge funds own 78.02% of the company’s stock.

In other J P Morgan Chase & Co news, CFO Marianne Lake sold 17,596 shares of the stock in a transaction that occurred 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 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 stock in a transaction that occurred 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 transaction, the insider now directly owns 3,783 shares in the company, valued at approximately $345,350.07. The disclosure for this sale can be found here. Insiders have sold 28,564 shares of company stock worth $2,605,334 in the last three months. Insiders own 0.88% of the company’s stock.

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A number of equities research analysts recently commented on JPM shares. Buckingham Research reiterated a “neutral” rating and issued a $100.00 target price (up from $94.00) on shares of J P Morgan Chase & Co in a research report on Monday, July 10th. Bank of America Corporation reiterated an “outperform” rating and issued a $99.00 target price on shares of J P Morgan Chase & Co in a research report on Wednesday, June 21st. Keefe, Bruyette & Woods set a $96.00 target price on J P Morgan Chase & Co and gave the stock a “hold” rating in a research report on Saturday, August 19th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $93.00 target price on shares of J P Morgan Chase & Co in a research report on Thursday, July 6th. Finally, Vetr downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating and set a $93.14 target price on the stock. in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $85.59.

J P Morgan Chase & Co (JPM) traded up 0.71% during mid-day trading on Friday, hitting $91.62. 18,171,794 shares of the stock traded hands. J P Morgan Chase & Co has a 12 month low of $65.11 and a 12 month high of $95.22. The stock’s 50 day moving average is $91.54 and its 200-day moving average is $89.03. The company has a market cap of $322.36 billion, a price-to-earnings ratio of 13.52 and a beta of 1.19.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.23. The business had revenue of $25.50 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 earnings per share. On average, equities research analysts anticipate 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.

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

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