J P Morgan Chase & Co (JPM) Holdings Increased by Thompson Investment Management Inc.

Thompson Investment Management Inc. boosted its holdings in shares of J P Morgan Chase & Co (NYSE:JPM) by 0.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 116,541 shares of the financial services provider’s stock after acquiring an additional 737 shares during the period. J P Morgan Chase & Co accounts for 2.0% of Thompson Investment Management Inc.’s portfolio, making the stock its 6th largest position. Thompson Investment Management Inc.’s holdings in J P Morgan Chase & Co were worth $10,652,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. David R. Rahn & Associates Inc. acquired a new position in shares of J P Morgan Chase & Co in the 2nd quarter valued at $1,458,000. Ironwood Investment Management LLC lifted its position in J P Morgan Chase & Co by 61.9% in the 2nd quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock valued at $609,000 after acquiring an additional 2,550 shares in the last quarter. Gamble Jones Investment Counsel lifted its position in J P Morgan Chase & Co by 0.6% in the 2nd quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock valued at $4,566,000 after acquiring an additional 276 shares in the last quarter. Grove Bank & Trust lifted its position in J P Morgan Chase & Co by 16.9% in the 2nd quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock valued at $895,000 after acquiring an additional 1,417 shares in the last quarter. Finally, Lee Danner & Bass Inc. lifted its position in J P Morgan Chase & Co by 0.4% in the 2nd quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock valued at $1,599,000 after acquiring an additional 69 shares in the last quarter. 73.93% of the stock is owned by hedge funds and other institutional investors.

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

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of J P Morgan Chase & Co in a research report on Wednesday, October 11th. Deutsche Bank cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and boosted their price objective for the company from $90.00 to $96.00 in a research report on Tuesday, September 26th. Robert W. Baird reaffirmed a “hold” rating and issued a $88.00 price objective on shares of J P Morgan Chase & Co in a research report on Thursday, September 21st. Zacks Investment Research cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, Vetr raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price target on the stock in a research report on Wednesday, September 6th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. J P Morgan Chase & Co 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 on Monday, reaching $104.79. 19,683,500 shares of the company were exchanged, compared to its average volume of 13,949,269. J P Morgan Chase & Co has a twelve month low of $80.90 and a twelve month high of $106.66. The firm has a market cap of $363,592.56, a price-to-earnings ratio of 15.10, a P/E/G ratio of 2.27 and a beta of 1.22. 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 (NYSE:JPM) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $24.91 billion. During the same quarter in the prior year, the business earned $1.58 EPS. J P Morgan Chase & Co’s quarterly revenue was up 2.6% on a year-over-year basis. analysts anticipate that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

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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.

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

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