J P Morgan Chase & Co (JPM) Shares Sold by Westpac Banking Corp

Westpac Banking Corp lowered its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 12.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,047,445 shares of the financial services provider’s stock after selling 153,366 shares during the period. Westpac Banking Corp’s holdings in J P Morgan Chase & Co were worth $65,306,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in J P Morgan Chase & Co during the fourth quarter worth approximately $2,897,377,000. Dodge & Cox bought a new position in J P Morgan Chase & Co during the fourth quarter worth approximately $2,297,616,000. Teachers Advisors LLC increased its position in J P Morgan Chase & Co by 10.1% in the fourth quarter. Teachers Advisors LLC now owns 8,317,280 shares of the financial services provider’s stock worth $717,698,000 after buying an additional 764,019 shares during the period. Pioneer Investment Management Inc. increased its position in J P Morgan Chase & Co by 22.2% in the first quarter. Pioneer Investment Management Inc. now owns 7,402,919 shares of the financial services provider’s stock worth $650,272,000 after buying an additional 1,344,295 shares during the period. Finally, AQR Capital Management LLC increased its position in J P Morgan Chase & Co by 34.2% in the fourth quarter. AQR Capital Management LLC now owns 5,539,766 shares of the financial services provider’s stock worth $478,026,000 after buying an additional 1,411,214 shares during the period. Hedge funds and other institutional investors own 74.84% of the company’s stock.

Shares of J P Morgan Chase & Co (NYSE JPM) opened at 90.74 on Friday. The stock has a 50 day moving average of $92.32 and a 200 day moving average of $88.70. J P Morgan Chase & Co has a 52 week low of $64.86 and a 52 week high of $95.22. The firm has a market cap of $319.27 billion, a P/E ratio of 13.39 and a beta of 1.19.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, topping the 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 return on equity of 11.53% and a net margin of 24.13%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.55 EPS. Equities analysts forecast that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.

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A number of brokerages have weighed in on JPM. Buckingham Research reissued a “neutral” rating and set a $100.00 target price (up from $94.00) on shares of J P Morgan Chase & Co in a report on Monday, July 10th. Bank of America Corporation reissued an “outperform” rating and set a $99.00 target price on shares of J P Morgan Chase & Co in a report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $93.00 target price on shares of J P Morgan Chase & Co in a report on Thursday, July 6th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of J P Morgan Chase & Co in a report on Friday, July 21st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $92.00 target price on shares of J P Morgan Chase & Co in a report on Wednesday, June 7th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $85.53.

In other news, CFO Marianne Lake sold 17,596 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nicole Giles sold 1,000 shares of the stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total value of $91,290.00. Following the sale, the insider now directly owns 3,783 shares in the company, valued at $345,350.07. The disclosure for this sale can be found here. 0.85% of the stock is owned by company insiders.

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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