J P Morgan Chase & Co (JPM) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 37.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 39,501 shares of the financial services provider’s stock after acquiring 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.

A number of other large investors also recently bought and sold shares of the business. State Street Corp raised its position in shares of J P Morgan Chase & Co by 0.8% in the first quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock valued at $14,979,775,000 after buying an additional 1,357,194 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of J P Morgan Chase & Co by 3.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 11,817,131 shares of the financial services provider’s stock valued at $1,038,017,000 after buying an additional 430,584 shares during the last quarter. Pioneer Investment Management Inc. raised its position in shares of J P Morgan Chase & Co by 22.2% in the first quarter. Pioneer Investment Management Inc. now owns 7,402,919 shares of the financial services provider’s stock valued at $650,272,000 after buying an additional 1,344,295 shares during the last quarter. Swedbank raised its position in shares of J P Morgan Chase & Co by 19.0% in the first quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock valued at $462,130,000 after buying an additional 840,518 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its position in shares of J P Morgan Chase & Co by 11.1% in the first quarter. State of Wisconsin Investment Board now owns 3,359,176 shares of the financial services provider’s stock valued at $295,070,000 after buying an additional 336,848 shares during the last quarter. Institutional investors own 78.02% of the company’s stock.

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A number of brokerages have recently commented on JPM. UBS AG reiterated a “buy” rating and issued a $101.00 target price on shares of J P Morgan Chase & Co in a research report on Monday, May 15th. Vetr upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 target price for the company in a research report on Wednesday. Instinet reiterated a “neutral” rating and issued a $84.00 target price (down from $87.00) on shares of J P Morgan Chase & Co in a research report on Saturday, June 3rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $95.00 target price on shares of J P Morgan Chase & Co in a research report on Friday, August 18th. Finally, Zacks Investment Research upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $85.59.

Shares of J P Morgan Chase & Co (NYSE:JPM) traded down 0.12% during mid-day trading on Friday, reaching $88.42. 14,242,198 shares of the company traded hands. The company has a market capitalization of $311.10 billion, a P/E ratio of 13.04 and a beta of 1.19. The firm’s 50 day moving average price is $91.65 and its 200-day moving average price is $89.03. J P Morgan Chase & Co has a 52-week low of $65.11 and a 52-week high of $95.22.

J P Morgan Chase & Co (NYSE:JPM) last issued its earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The business had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter in the previous year, the business earned $1.55 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts predict that J P Morgan Chase & Co will post $6.80 earnings per share for the current fiscal year.

In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total value 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 9,968 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $90.55, for a total value of $902,602.40. Following the completion of the transaction, the general counsel now owns 10,527 shares of the company’s stock, valued at approximately $953,219.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,564 shares of company stock valued at $2,605,334. 0.88% of the stock is owned by company insiders.

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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