Wayne Hummer Investments L.L.C. boosted its position in J P Morgan Chase & Co (NYSE:JPM) by 6.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,177 shares of the financial services provider’s stock after purchasing an additional 1,656 shares during the quarter. J P Morgan Chase & Co comprises approximately 0.6% of Wayne Hummer Investments L.L.C.’s investment portfolio, making the stock its 28th largest position. Wayne Hummer Investments L.L.C.’s holdings in J P Morgan Chase & Co were worth $2,393,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JPM. State Street Corp increased its stake in shares of J P Morgan Chase & Co by 0.8% in the 1st quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock worth $14,979,775,000 after acquiring an additional 1,357,194 shares during the last quarter. Legal & General Group Plc increased its stake in shares of J P Morgan Chase & Co by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 17,769,351 shares of the financial services provider’s stock worth $1,624,143,000 after acquiring an additional 369,878 shares during the last quarter. Jennison Associates LLC increased its stake in shares of J P Morgan Chase & Co by 16.2% in the 2nd quarter. Jennison Associates LLC now owns 13,461,063 shares of the financial services provider’s stock worth $1,230,341,000 after acquiring an additional 1,880,530 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of J P Morgan Chase & Co by 3.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 12,241,448 shares of the financial services provider’s stock worth $1,118,869,000 after acquiring an additional 424,317 shares during the last quarter. Finally, Pioneer Investment Management Inc. increased its stake in shares of J P Morgan Chase & Co by 22.2% in the 1st quarter. Pioneer Investment Management Inc. now owns 7,402,919 shares of the financial services provider’s stock worth $650,272,000 after acquiring an additional 1,344,295 shares during the last quarter. 73.94% of the stock is owned by hedge funds and other institutional investors.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.88% of the company’s stock.

JPM has been the subject of a number of recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $95.00 target price on shares of J P Morgan Chase & Co in a research note on Friday, August 18th. Zacks Investment Research raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research note on Thursday, August 24th. Vetr raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 target price for the company in a research note on Wednesday, September 6th. Jefferies Group reaffirmed a “buy” rating and issued a $102.00 target price on shares of J P Morgan Chase & Co in a research note on Friday, September 15th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $110.00 target price (up from $103.00) on shares of J P Morgan Chase & Co in a research note on Monday, October 9th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $92.18.

Shares of J P Morgan Chase & Co (NYSE:JPM) traded up $0.27 during trading hours on Friday, hitting $104.79. The company had a trading volume of 19,682,316 shares, compared to its average volume of 13,949,269. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. The firm has a market cap of $363,590.00, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 2.20 and a beta of 1.22. J P Morgan Chase & Co has a 1 year low of $80.90 and a 1 year high of $106.66.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.09. The firm had revenue of $25.33 billion during the quarter, compared to the consensus estimate of $24.91 billion. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the company earned $1.58 EPS. sell-side analysts expect that J P Morgan Chase & Co will post 6.91 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This news story was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/12/01/wayne-hummer-investments-l-l-c-purchases-1656-shares-of-j-p-morgan-chase-co-jpm.html.

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)

Receive News & Ratings for J P Morgan Chase & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J P Morgan Chase & Co and related companies with MarketBeat.com's FREE daily email newsletter.