3,504 Shares in J P Morgan Chase & Co (JPM) Acquired by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC acquired a new position in shares of J P Morgan Chase & Co (NYSE:JPM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,504 shares of the financial services provider’s stock, valued at approximately $308,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its position in J P Morgan Chase & Co by 1,138.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 6,754,863 shares of the financial services provider’s stock worth $582,667,000 after buying an additional 6,209,530 shares during the period. Good Life Advisors LLC bought a new position in shares of J P Morgan Chase & Co during the fourth quarter valued at about $263,000. Sii Investments Inc. WI raised its position in shares of J P Morgan Chase & Co by 7.6% in the fourth quarter. Sii Investments Inc. WI now owns 39,807 shares of the financial services provider’s stock valued at $3,437,000 after buying an additional 2,815 shares during the period. Axiom International Investors LLC DE raised its position in shares of J P Morgan Chase & Co by 39.2% in the fourth quarter. Axiom International Investors LLC DE now owns 27,000 shares of the financial services provider’s stock valued at $2,330,000 after buying an additional 7,610 shares during the period. Finally, Telemark Asset Management LLC bought a new position in shares of J P Morgan Chase & Co during the fourth quarter valued at about $8,629,000. Institutional investors and hedge funds own 74.84% of the company’s stock.

Shares of J P Morgan Chase & Co (JPM) traded up 0.10% during midday trading on Friday, hitting $90.74. 13,040,738 shares of the stock were exchanged. The firm has a 50-day moving average price of $92.32 and a 200 day moving average price of $88.70. The firm has a market cap of $319.27 billion, a PE ratio of 13.39 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 released its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.23. The business had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.55 EPS. Analysts predict that J P Morgan Chase & Co will post $6.81 earnings per share for the current fiscal year.

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Several equities analysts have recently commented on the stock. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $93.00 price objective on shares of J P Morgan Chase & Co in a research note on Thursday, July 6th. Wells Fargo & Company started coverage on shares of J P Morgan Chase & Co in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $110.00 price target for the company. Buckingham Research restated a “neutral” rating and issued a $100.00 price objective (up previously from $94.00) on shares of J P Morgan Chase & Co in a report on Monday, July 10th. Berenberg Bank set a $65.00 price objective on shares of J P Morgan Chase & Co and gave the stock a “sell” rating in a report on Thursday, August 3rd. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of J P Morgan Chase & Co in a report on Monday, July 3rd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $85.53.

In related news, insider Nicole Giles sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were 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 of the company’s stock, valued at approximately $345,350.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Marianne Lake sold 17,596 shares of the business’s 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 disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.

About J P Morgan Chase & Co

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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