Boltwood Capital Management reduced its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,012 shares of the financial services provider’s stock after selling 1,435 shares during the quarter. J P Morgan Chase & Co accounts for approximately 1.5% of Boltwood Capital Management’s portfolio, making the stock its 15th largest holding. Boltwood Capital Management’s holdings in J P Morgan Chase & Co were worth $2,286,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. CHURCHILL MANAGEMENT Corp bought a new stake in shares of J P Morgan Chase & Co in the first quarter worth about $1,367,000. Stillwater Investment Management LLC grew its stake in shares of J P Morgan Chase & Co by 2.3% in the first quarter. Stillwater Investment Management LLC now owns 37,725 shares of the financial services provider’s stock worth $3,314,000 after purchasing an additional 852 shares during the last quarter. Gillespie Robinson & Grimm Inc. grew its stake in shares of J P Morgan Chase & Co by 10.4% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 95,957 shares of the financial services provider’s stock worth $8,429,000 after purchasing an additional 9,020 shares during the last quarter. Thomaspartners Inc. grew its stake in shares of J P Morgan Chase & Co by 2.8% in the first quarter. Thomaspartners Inc. now owns 2,572,428 shares of the financial services provider’s stock worth $225,962,000 after purchasing an additional 70,882 shares during the last quarter. Finally, State of Tennessee Treasury Department grew its stake in shares of J P Morgan Chase & Co by 11.4% in the first quarter. State of Tennessee Treasury Department now owns 3,211,518 shares of the financial services provider’s stock worth $282,100,000 after purchasing an additional 329,297 shares during the last quarter. 78.02% of the stock is currently owned by hedge funds and other institutional investors.

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In related 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 transaction of $902,602.40. Following the sale, the general counsel now owns 10,527 shares in the company, valued at $953,219.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the sale, the insider now owns 3,783 shares in the company, valued at approximately $345,350.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,564 shares of company stock worth $2,605,334. 0.88% of the stock is owned by company insiders.

J P Morgan Chase & Co (JPM) traded up 0.71% on Friday, hitting $91.62. 18,171,794 shares of the company were exchanged. The firm’s 50 day moving average is $91.54 and its 200 day moving average is $89.03. J P Morgan Chase & Co has a 52 week low of $65.11 and a 52 week high of $95.22. The company has a market capitalization of $322.36 billion, a P/E ratio of 13.52 and a beta of 1.19.

J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The company had revenue of $25.50 billion for 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 firm’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $1.55 earnings per share. On average, equities research analysts forecast that J P Morgan Chase & Co will post $6.81 earnings per share for the current fiscal year.

Several analysts recently issued reports on the company. Jefferies Group LLC reissued a “buy” rating and issued a $102.00 target price on shares of J P Morgan Chase & Co in a research note on Friday. Vetr cut 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 note on Tuesday, September 12th. Zacks Investment Research cut J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note 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 note on Friday, August 25th. Finally, 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 note on Saturday, August 19th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $85.84.

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.

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

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