FSI Group LLC Decreases Stake in J P Morgan Chase & Co (JPM)

FSI Group LLC cut its holdings in J P Morgan Chase & Co (NYSE:JPM) by 37.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 32,000 shares of the financial services provider’s stock after selling 19,000 shares during the period. J P Morgan Chase & Co comprises approximately 1.6% of FSI Group LLC’s holdings, making the stock its 20th biggest position. FSI Group LLC’s holdings in J P Morgan Chase & Co were worth $2,925,000 as of its most recent SEC filing.

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

In related news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the sale, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.88% of the stock is owned by insiders.

J P Morgan Chase & Co (NYSE:JPM) traded up $2.16 during midday trading on Tuesday, hitting $106.95. 23,576,600 shares of the company were exchanged, compared to its average volume of 13,990,583. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03. J P Morgan Chase & Co has a twelve month low of $81.64 and a twelve month high of $108.40. The company has a market cap of $363,592.56, a P/E 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 released its earnings results 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 business had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 billion. During the same period in the previous year, the firm earned $1.58 EPS. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. analysts forecast that J P Morgan Chase & Co will post 6.91 EPS for the current year.

A number of analysts have commented on JPM shares. Wells Fargo & Company started coverage on shares of J P Morgan Chase & Co in a research report on Wednesday, August 9th. They set an “outperform” rating and a $110.00 price target on the stock. Royal Bank Of Canada restated a “buy” rating and set a $95.00 price target on shares of J P Morgan Chase & Co in a research report on Friday, August 18th. Keefe, Bruyette & Woods set a $96.00 price target on shares of J P Morgan Chase & Co and gave the stock a “hold” rating in a research report on Saturday, August 19th. Zacks Investment Research upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Thursday, August 24th. Finally, BMO Capital Markets restated a “hold” rating and set a $86.00 price target on shares of J P Morgan Chase & Co in a research report on Friday, August 25th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $92.18.

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J P Morgan Chase & Co 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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