Rockefeller Financial Services Inc. Has $164.81 Million Stake in J P Morgan Chase & Co (NYSE:JPM)

Rockefeller Financial Services Inc. reduced its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 4.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,803,212 shares of the financial services provider’s stock after selling 82,276 shares during the period. J P Morgan Chase & Co comprises about 3.3% of Rockefeller Financial Services Inc.’s investment portfolio, making the stock its 2nd largest position. Rockefeller Financial Services Inc. owned about 0.05% of J P Morgan Chase & Co worth $164,814,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Pacific Center for Financial Services bought a new position in J P Morgan Chase & Co during the fourth quarter valued at $106,000. Thomas J. Herzfeld Advisors Inc. bought a new position in J P Morgan Chase & Co during the fourth quarter valued at $125,000. Glacier Peak Capital LLC bought a new position in J P Morgan Chase & Co during the fourth quarter valued at $129,000. Tortoise Investment Management LLC raised its position in J P Morgan Chase & Co by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock valued at $136,000 after buying an additional 1,283 shares during the period. Finally, Horrell Capital Management Inc. raised 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 valued at $145,000 after buying an additional 78 shares during the period. Hedge funds and other institutional investors own 74.84% of the company’s stock.

J P Morgan Chase & Co (NYSE:JPM) traded up 0.26% during trading on Tuesday, reaching $92.73. The company’s stock had a trading volume of 8,812,720 shares. J P Morgan Chase & Co has a 52-week low of $64.86 and a 52-week high of $95.22. The company has a market cap of $326.27 billion, a PE ratio of 13.68 and a beta of 1.19. The stock has a 50-day moving average price of $92.19 and a 200 day moving average price of $88.63.

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, topping the Thomson Reuters’ 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 firm had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. On average, analysts expect that J P Morgan Chase & Co will post $6.81 EPS for the current year.

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Several research firms have weighed in on JPM. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $92.00 price target on shares of J P Morgan Chase & Co in a research report on Wednesday, June 7th. Vetr lowered J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price target on the stock. in a research report on Monday, May 15th. UBS AG reaffirmed 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. Guggenheim raised J P Morgan Chase & Co from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $88.25 to $96.00 in a report on Tuesday, April 25th. Finally, Vining Sparks raised J P Morgan Chase & Co to an “outperform” rating and set a $95.00 target price on the stock in a report on Thursday, April 27th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $85.53.

In other news, insider Nicole Giles sold 1,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Marianne Lake sold 17,596 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $91.58, for a total value 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.