Aperio Group LLC Boosts Stake in J P Morgan Chase & Co (NYSE:JPM)

Aperio Group LLC boosted its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 10.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,760,485 shares of the financial services provider’s stock after buying an additional 165,272 shares during the period. J P Morgan Chase & Co makes up about 1.0% of Aperio Group LLC’s portfolio, making the stock its 6th largest position. Aperio Group LLC’s holdings in J P Morgan Chase & Co were worth $160,908,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Tarbox Family Office Inc. boosted its stake in shares of J P Morgan Chase & Co by 125.3% in the second quarter. Tarbox Family Office Inc. now owns 3,236 shares of the financial services provider’s stock valued at $296,000 after buying an additional 1,800 shares during the last quarter. Visionary Asset Management Inc. purchased a new stake in shares of J P Morgan Chase & Co during the second quarter valued at about $260,000. White Pine Investment CO boosted its stake in shares of J P Morgan Chase & Co by 1.7% in the second quarter. White Pine Investment CO now owns 43,910 shares of the financial services provider’s stock valued at $4,013,000 after buying an additional 749 shares during the last quarter. Beech Hill Advisors Inc. boosted its stake in shares of J P Morgan Chase & Co by 2.8% in the second quarter. Beech Hill Advisors Inc. now owns 5,565 shares of the financial services provider’s stock valued at $509,000 after buying an additional 150 shares during the last quarter. Finally, Diversified Trust Co boosted its stake in shares of J P Morgan Chase & Co by 317.8% in the second quarter. Diversified Trust Co now owns 32,726 shares of the financial services provider’s stock worth $2,991,000 after buying an additional 24,894 shares during the last quarter. Hedge funds and other institutional investors own 74.84% of the company’s stock.

Shares of J P Morgan Chase & Co (NYSE JPM) opened at 90.74 on Friday. J P Morgan Chase & Co has a 12-month low of $64.86 and a 12-month high of $95.22. The stock has a market cap of $319.27 billion, a price-to-earnings ratio of 13.39 and a beta of 1.19. The stock has a 50 day moving average price of $92.32 and a 200-day moving average price of $88.70.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.59 by $0.23. The business had revenue of $25.50 billion for the quarter, compared to analysts’ expectations 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 firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 EPS. Equities analysts anticipate that J P Morgan Chase & Co will post $6.81 EPS for the current fiscal year.

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A number of analysts have recently weighed in on JPM shares. Guggenheim upgraded J P Morgan Chase & Co from a “neutral” rating to a “buy” rating and increased their price target for the stock from $88.25 to $96.00 in a research report on Tuesday, April 25th. Vetr cut 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 report 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 report on Thursday, April 27th. UBS AG reiterated a “buy” rating and set a $101.00 price target on shares of J P Morgan Chase & Co in a research report on Monday, May 15th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $85.00 price target on shares of J P Morgan Chase & Co in a research report on Thursday, June 1st. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $85.53.

In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the sale, the insider now directly owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Marianne Lake sold 17,596 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was 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 own 0.85% of the company’s stock.

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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