Markston International LLC Acquires 5,917 Shares of J P Morgan Chase & Co (JPM)

Markston International LLC grew its holdings in J P Morgan Chase & Co (NYSE:JPM) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 153,287 shares of the financial services provider’s stock after buying an additional 5,917 shares during the quarter. J P Morgan Chase & Co accounts for approximately 1.4% of Markston International LLC’s holdings, making the stock its 24th biggest holding. Markston International LLC’s holdings in J P Morgan Chase & Co were worth $14,010,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. IPG Investment Advisors LLC raised its stake in shares of J P Morgan Chase & Co by 0.3% in the 2nd quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock valued at $608,000 after buying an additional 17 shares in the last quarter. BSW Wealth Partners grew its holdings in shares of J P Morgan Chase & Co by 0.5% in the 1st quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 26 shares during the last quarter. Keel Point LLC grew its holdings in shares of J P Morgan Chase & Co by 1.1% in the 1st quarter. Keel Point LLC now owns 3,365 shares of the financial services provider’s stock worth $296,000 after purchasing an additional 36 shares during the last quarter. Financial Advisory Service Inc. grew its holdings in shares of J P Morgan Chase & Co by 0.7% in the 1st quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 36 shares during the last quarter. Finally, Financial Consulate Inc. grew its holdings in shares of J P Morgan Chase & Co by 1.1% in the 2nd quarter. Financial Consulate Inc. now owns 4,075 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 44 shares during the last quarter. Institutional investors own 73.93% of the company’s stock.

Several equities research analysts have recently weighed in on JPM shares. Credit Suisse Group reaffirmed a “buy” rating and issued a $110.00 target price (up previously 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. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $95.00 target price on shares of J P Morgan Chase & Co in a report on Friday, August 18th. Zacks Investment Research raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Thursday, August 24th. Vetr raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 target price on the stock in a report on Wednesday, September 6th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $102.00 target price on shares of J P Morgan Chase & Co in a report on Friday, September 15th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $92.18.

Shares of J P Morgan Chase & Co (JPM) traded up $2.16 during trading hours on Tuesday, reaching $106.95. 23,576,600 shares of the company’s stock were exchanged, compared to its average volume of 13,990,583. J P Morgan Chase & Co has a 12-month low of $81.64 and a 12-month high of $108.40. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. The company 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.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings data 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 firm 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 firm earned $1.58 EPS. The company’s revenue was up 2.6% on a year-over-year basis. analysts expect that J P Morgan Chase & Co will post 6.91 EPS for the current year.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the sale, the general counsel now owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.88% of the stock is owned by corporate insiders.

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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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