Consolidated Investment Group LLC Has $2,898,000 Position in J P Morgan Chase & Co (NYSE:JPM)

Consolidated Investment Group LLC maintained its stake 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 firm owned 32,992 shares of the financial services provider’s stock at the end of the first quarter. J P Morgan Chase & Co comprises 1.7% of Consolidated Investment Group LLC’s holdings, making the stock its 24th largest position. Consolidated Investment Group LLC’s holdings in J P Morgan Chase & Co were worth $2,898,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Asset Management One Co. Ltd. increased its stake in shares of 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 valued at $582,667,000 after buying an additional 6,209,530 shares in the last quarter. Good Life Advisors LLC acquired a new stake in shares of J P Morgan Chase & Co during the fourth quarter valued at approximately $263,000. Sii Investments Inc. WI increased its stake 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 in the last quarter. Axiom International Investors LLC DE increased its stake 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 in the last quarter. Finally, Telemark Asset Management LLC acquired a new stake in shares of J P Morgan Chase & Co during the fourth quarter valued at approximately $8,629,000. Institutional investors and hedge funds own 74.84% of the company’s stock.

J P Morgan Chase & Co (NYSE JPM) traded up 0.10% on Friday, reaching $90.74. The company had a trading volume of 13,040,738 shares. J P Morgan Chase & Co has a 1-year low of $65.11 and a 1-year high of $95.22. The company’s 50-day moving average price is $92.32 and its 200 day moving average price is $88.70. The firm has a market capitalization 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 released its quarterly earnings results 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 during the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 EPS. On average, equities analysts forecast that J P Morgan Chase & Co will post $6.81 EPS for the current year.

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A number of equities analysts have recently issued reports on JPM shares. Guggenheim upgraded J P Morgan Chase & Co from a “neutral” rating to a “buy” rating and raised their price target for the stock from $88.25 to $96.00 in a research note on Tuesday, April 25th. Vetr downgraded J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $99.01 price target on the stock. in a research note on Wednesday, April 26th. Vining Sparks upgraded J P Morgan Chase & Co to an “outperform” rating and set a $95.00 price target on the stock in a research note on Thursday, April 27th. UBS AG restated a “buy” rating and issued a $101.00 price target on shares of J P Morgan Chase & Co in a research note on Monday, May 15th. Finally, BMO Capital Markets restated a “hold” rating and issued a $85.00 price target on shares of J P Morgan Chase & Co in a research note on Thursday, June 1st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $85.53.

In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of the 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 sale, the insider now owns 3,783 shares in the company, valued at approximately $345,350.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 disclosure for this sale can be found here. 0.85% of the stock is currently owned by corporate 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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