InterOcean Capital LLC reduced its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 26.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,257 shares of the financial services provider’s stock after selling 25,891 shares during the period. InterOcean Capital LLC’s holdings in J P Morgan Chase & Co were worth $6,422,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of JPM. Alliancebernstein L.P. lifted its holdings in J P Morgan Chase & Co by 29.2% in the second quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock worth $1,595,542,000 after buying an additional 3,945,948 shares during the period. Vanguard Group Inc. lifted its holdings in J P Morgan Chase & Co by 1.5% in the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after buying an additional 3,717,683 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in J P Morgan Chase & Co by 40.8% in the second quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock worth $892,886,000 after buying an additional 2,828,726 shares during the period. Harbour Capital Advisors LLC lifted its holdings in J P Morgan Chase & Co by 8,767.4% in the second quarter. Harbour Capital Advisors LLC now owns 2,794,464 shares of the financial services provider’s stock worth $30,574,000 after buying an additional 2,762,950 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in J P Morgan Chase & Co by 27.1% in the second quarter. Principal Financial Group Inc. now owns 10,772,893 shares of the financial services provider’s stock worth $984,642,000 after buying an additional 2,296,713 shares during the period. Institutional investors own 73.93% of the company’s stock.

J P Morgan Chase & Co (NYSE JPM) traded down $0.38 during trading hours on Monday, reaching $105.55. 3,025,629 shares of the company’s stock were exchanged, compared to its average volume of 14,005,722. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. J P Morgan Chase & Co has a fifty-two week low of $81.64 and a fifty-two week high of $108.40. The company has a market cap of $367,548.06, a P/E ratio of 15.26, a PEG ratio of 2.30 and a beta of 1.22.

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

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of J P Morgan Chase & Co stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the sale, the general counsel now owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.88% of the company’s stock.

Several analysts have commented on JPM shares. Barclays raised their price objective on shares of J P Morgan Chase & Co from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Credit Suisse Group restated a “buy” rating and issued a $110.00 price objective (up from $103.00) on shares of J P Morgan Chase & Co in a report on Monday, October 9th. They noted that the move was a valuation call. Keefe, Bruyette & Woods set a $96.00 price objective on shares of J P Morgan Chase & Co and gave the stock a “hold” rating in a report on Saturday, August 19th. Oppenheimer restated a “hold” rating on shares of J P Morgan Chase & Co in a report on Thursday, October 12th. Finally, Morgan Stanley raised their price objective on shares of J P Morgan Chase & Co from $99.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have issued a buy rating to the company. J P Morgan Chase & Co presently has an average rating of “Hold” and a consensus target price of $92.18.

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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.

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

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