Gotham Asset Management LLC Raises Holdings in J P Morgan Chase & Co (JPM)

Gotham Asset Management LLC grew its holdings in J P Morgan Chase & Co (NYSE:JPM) by 37.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,501 shares of the financial services provider’s stock after buying an additional 10,669 shares during the period. Gotham Asset Management LLC’s holdings in J P Morgan Chase & Co were worth $3,470,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Horrell Capital Management Inc. raised its holdings in J P Morgan Chase & Co by 5.0% in the 1st quarter. Horrell Capital Management Inc. now owns 1,647 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 78 shares in the last quarter. Windsor Financial Group LLC acquired a new position in J P Morgan Chase & Co in the 1st quarter valued at $224,000. Colorado Capital Management Inc. raised its holdings in J P Morgan Chase & Co by 3.0% in the 1st quarter. Colorado Capital Management Inc. now owns 2,549 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 75 shares in the last quarter. Vista Capital Partners Inc. raised its holdings in J P Morgan Chase & Co by 3.7% in the 1st quarter. Vista Capital Partners Inc. now owns 2,550 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 90 shares in the last quarter. Finally, Diversified Portfolios Inc. acquired a new position in J P Morgan Chase & Co in the 1st quarter valued at $232,000. 78.02% of the stock is owned by institutional investors and hedge funds.

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J P Morgan Chase & Co (NYSE:JPM) traded up 0.71% during mid-day trading on Friday, hitting $91.62. The company had a trading volume of 18,171,794 shares. J P Morgan Chase & Co has a 1-year low of $65.11 and a 1-year high of $95.22. The stock has a market capitalization of $322.41 billion, a PE ratio of 13.53 and a beta of 1.19. The stock 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 announced its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, topping the Zacks’ 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 company had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. During the same quarter in the prior year, the firm earned $1.55 EPS. J P Morgan Chase & Co’s quarterly revenue was up 4.6% on a year-over-year basis. On average, analysts forecast that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.

JPM has been the topic of several recent analyst reports. BMO Capital Markets reaffirmed a “hold” rating and set a $85.00 target price on shares of J P Morgan Chase & Co in a report on Thursday, June 1st. Instinet reissued a “neutral” rating and issued a $84.00 price objective (down from $87.00) on shares of J P Morgan Chase & Co in a research note on Saturday, June 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $92.00 price objective on shares of J P Morgan Chase & Co in a research note on Wednesday, June 7th. BidaskClub raised J P Morgan Chase & Co from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Vetr downgraded J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price objective on the stock. in a research note on Monday, June 12th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $85.84.

In related news, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $91.58, for a total value of $1,611,441.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the completion of the transaction, the insider now owns 3,783 shares in the company, valued at approximately $345,350.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,564 shares of company stock worth $2,605,334. 0.88% of the stock is 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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