J P Morgan Chase & Co (JPM) is Xact Kapitalforvaltning AB’s 6th Largest Position

Xact Kapitalforvaltning AB boosted its position in J P Morgan Chase & Co (NYSE:JPM) by 0.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 610,891 shares of the financial services provider’s stock after purchasing an additional 2,738 shares during the period. J P Morgan Chase & Co makes up about 1.7% of Xact Kapitalforvaltning AB’s portfolio, making the stock its 6th largest holding. Xact Kapitalforvaltning AB’s holdings in J P Morgan Chase & Co were worth $55,835,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacific Center for Financial Services lifted its position in J P Morgan Chase & Co by 14.5% in the first quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 177 shares during the period. Horrell Capital Management Inc. lifted its position in J P Morgan Chase & Co by 5.0% in the first quarter. Horrell Capital Management Inc. now owns 1,647 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 78 shares during the period. Ullmann Financial Group Inc. acquired a new stake in J P Morgan Chase & Co in the first quarter worth approximately $148,000. Windsor Financial Group LLC acquired a new stake in J P Morgan Chase & Co in the first quarter worth approximately $224,000. Finally, Colorado Capital Management Inc. lifted its position in J P Morgan Chase & Co by 3.0% in the first quarter. Colorado Capital Management Inc. now owns 2,549 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 75 shares during the period. Hedge funds and other institutional investors own 78.02% of the company’s stock.

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J P Morgan Chase & Co (NYSE JPM) traded up 0.71% during trading on Friday, reaching $91.62. 18,171,794 shares of the company’s stock traded hands. J P Morgan Chase & Co has a 12 month low of $65.11 and a 12 month high of $95.22. The firm has a market cap of $322.36 billion, a PE ratio of 13.52 and a beta of 1.19. The firm has a 50 day moving average price of $91.54 and a 200-day moving average price of $89.03.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The firm had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same period in the previous year, the business earned $1.55 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. On average, analysts forecast that J P Morgan Chase & Co will post $6.81 earnings per share for the current fiscal year.

A number of brokerages have recently commented on JPM. Berenberg Bank set a $65.00 price objective on J P Morgan Chase & Co and gave the company a “sell” rating in a research report on Thursday, August 3rd. Wells Fargo & Company began coverage on J P Morgan Chase & Co in a research report on Wednesday, August 9th. They set an “outperform” rating and a $110.00 price objective for the company. Deutsche Bank AG reiterated a “buy” rating on shares of J P Morgan Chase & Co in a research report on Monday, July 3rd. Bank of America Corporation reiterated a “buy” rating and set a $99.00 price objective on shares of J P Morgan Chase & Co in a research report on Monday, July 17th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $93.00 price objective on shares of J P Morgan Chase & Co in a research report on Thursday, July 6th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have issued a buy rating to the company. J P Morgan Chase & Co has a consensus rating of “Hold” and an average target price of $85.84.

In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of J P Morgan Chase & Co stock in a transaction on Tuesday, July 18th. The shares were 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 approximately $345,350.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Marianne Lake sold 17,596 shares of J P Morgan Chase & Co stock in a transaction on 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 sold a total of 28,564 shares of company stock worth $2,605,334 over the last quarter. Company insiders own 0.88% 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.

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

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