Bremer Trust National Association reduced its holdings in shares of J P Morgan Chase & Co (NYSE:JPM) by 9.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,891 shares of the financial services provider’s stock after selling 6,455 shares during the quarter. J P Morgan Chase & Co comprises 1.6% of Bremer Trust National Association’s investment portfolio, making the stock its 7th biggest position. Bremer Trust National Association’s holdings in J P Morgan Chase & Co were worth $5,566,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in JPM. Pacific Center for Financial Services lifted its stake in shares of J P Morgan Chase & Co by 14.5% during the 1st 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. lifted its stake in shares of J P Morgan Chase & Co by 5.0% during the 1st 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. purchased a new stake in shares of J P Morgan Chase & Co during the 1st quarter valued at approximately $148,000. Vista Capital Partners Inc. lifted its stake in shares of J P Morgan Chase & Co by 3.7% during the 1st 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. lifted its stake in shares of J P Morgan Chase & Co by 3.0% during the 1st 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. Institutional investors 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 dated Monday, July 17th. The shares were sold at an average price of $91.58, for a total transaction of $1,611,441.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 9,968 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $90.55, for a total transaction of $902,602.40. Following the transaction, the general counsel now owns 10,527 shares in the company, valued at $953,219.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,564 shares of company stock worth $2,605,334. 0.88% of the stock is owned by company insiders.

Several analysts have issued reports on the stock. 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 note 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 note on Wednesday, June 21st. Keefe, Bruyette & Woods set a $96.00 target price on shares of J P Morgan Chase & Co and gave the stock a “hold” rating in a research note 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 note on Thursday, July 6th. Finally, Vetr cut shares of 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. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $85.84.

Shares of J P Morgan Chase & Co (NYSE JPM) traded up 0.71% on Friday, reaching $91.62. 18,171,794 shares of the company were exchanged. The company’s 50-day moving average is $91.54 and its 200-day moving average is $89.03. The company has a market capitalization of $322.36 billion, a price-to-earnings ratio of 13.52 and a beta of 1.19. 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 posted its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.23. The firm had revenue of $25.50 billion for 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 revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.55 earnings per share. On average, equities analysts expect that J P Morgan Chase & Co will post $6.81 EPS for the current fiscal year.

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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.

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

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