Pioneer Trust Bank N A OR trimmed its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,309 shares of the financial services provider’s stock after selling 1,085 shares during the quarter. J P Morgan Chase & Co comprises approximately 2.8% of Pioneer Trust Bank N A OR’s investment portfolio, making the stock its 12th biggest position. Pioneer Trust Bank N A OR’s holdings in J P Morgan Chase & Co were worth $4,963,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted 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 valued at $14,979,775,000 after acquiring an additional 1,357,194 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of J P Morgan Chase & Co by 3.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 11,817,131 shares of the financial services provider’s stock valued at $1,038,017,000 after acquiring an additional 430,584 shares during the period. Pioneer Investment Management Inc. boosted 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 valued at $650,272,000 after acquiring an additional 1,344,295 shares during the period. Swedbank boosted 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 valued at $462,130,000 after acquiring an additional 840,518 shares during the period. Finally, State of Wisconsin Investment Board boosted its position in shares of J P Morgan Chase & Co by 11.1% in the first quarter. State of Wisconsin Investment Board now owns 3,359,176 shares of the financial services provider’s stock valued at $295,070,000 after acquiring an additional 336,848 shares during the period. 78.02% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on JPM. Vetr cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and set a $93.14 target price for the company. in a research report on Tuesday. Zacks Investment Research cut 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 reissued a “hold” rating and issued a $86.00 target price on shares of J P Morgan Chase & Co in a research report on Friday, August 25th. Keefe, Bruyette & Woods set a $96.00 target price 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 reissued a “buy” rating and issued a $95.00 target price 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 issued a hold rating and eighteen have issued a buy rating to the company’s stock. J P Morgan Chase & Co currently has an average rating of “Hold” and a consensus target price of $85.59.

J P Morgan Chase & Co (JPM) traded up 0.71% during midday trading on Friday, reaching $91.62. The company had a trading volume of 18,171,794 shares. The company has a 50-day moving average of $91.54 and a 200-day moving average of $89.03. The stock has a market capitalization of $322.36 billion, a PE ratio of 13.52 and a beta of 1.19. J P Morgan Chase & Co has a 12-month low of $65.11 and a 12-month high of $95.22.

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 for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter in the previous year, the business earned $1.55 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. On average, analysts predict that J P Morgan Chase & Co will post $6.81 EPS for the current fiscal year.

In other news, insider Nicole Giles sold 1,000 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total value of $91,290.00. Following the completion of the transaction, the insider now owns 3,783 shares in the company, valued at $345,350.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the transaction, the general counsel now owns 10,527 shares of the company’s stock, valued at approximately $953,219.85. The disclosure for this sale can be found here. Insiders sold 28,564 shares of company stock valued at $2,605,334 in the last 90 days. Company insiders own 0.88% of the company’s stock.

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J P Morgan Chase & Co 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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