State of Wisconsin Investment Board Purchases 631,810 Shares of J P Morgan Chase & Co (JPM)

State of Wisconsin Investment Board raised its stake in J P Morgan Chase & Co (NYSE:JPM) by 18.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,990,986 shares of the financial services provider’s stock after buying an additional 631,810 shares during the quarter. J P Morgan Chase & Co comprises approximately 1.2% of State of Wisconsin Investment Board’s investment portfolio, making the stock its 9th biggest holding. State of Wisconsin Investment Board owned 0.11% of J P Morgan Chase & Co worth $364,776,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in JPM. Moloney Securities Asset Management LLC increased its holdings in J P Morgan Chase & Co by 20.3% during the first quarter. Moloney Securities Asset Management LLC now owns 6,279 shares of the financial services provider’s stock worth $552,000 after buying an additional 1,059 shares during the last quarter. Clarkston Capital Partners LLC acquired a new position in J P Morgan Chase & Co during the first quarter worth $308,000. Rothschild Capital Partners LLC increased its holdings in J P Morgan Chase & Co by 0.5% during the first quarter. Rothschild Capital Partners LLC now owns 120,841 shares of the financial services provider’s stock worth $10,615,000 after buying an additional 592 shares during the last quarter. Hennessy Advisors Inc. increased its holdings in J P Morgan Chase & Co by 6.3% during the first quarter. Hennessy Advisors Inc. now owns 17,000 shares of the financial services provider’s stock worth $1,493,000 after buying an additional 1,000 shares during the last quarter. Finally, LaFleur & Godfrey LLC acquired a new position in J P Morgan Chase & Co during the first quarter worth $11,107,000. 73.93% of the stock is currently owned by hedge funds and other institutional investors.

JPM has been the topic of a number of recent analyst reports. Barclays boosted their target price on shares of J P Morgan Chase & Co from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Credit Suisse Group restated a “buy” rating and set a $110.00 target price (up from $103.00) on shares of J P Morgan Chase & Co in a report on Monday, October 9th. They noted that the move was a valuation call. Keefe, Bruyette & Woods set a $96.00 price objective on shares of J P Morgan Chase & Co and gave the company a “hold” rating in a report on Saturday, August 19th. Oppenheimer reiterated a “hold” rating on shares of J P Morgan Chase & Co in a report on Thursday, October 12th. Finally, Morgan Stanley upped their price objective on shares of J P Morgan Chase & Co from $99.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $92.18.

J P Morgan Chase & Co (NYSE:JPM) traded down $0.79 during mid-day trading on Wednesday, hitting $104.93. 15,333,392 shares of the stock were exchanged, compared to its average volume of 14,009,917. The company has a market capitalization of $371,087.16, a PE ratio of 15.41, a P/E/G ratio of 2.32 and a beta of 1.22. 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 52-week low of $81.64 and a 52-week high of $108.40.

J P Morgan Chase & Co (NYSE:JPM) last posted 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 firm had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. During the same quarter in the prior year, the business earned $1.58 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. sell-side analysts forecast that J P Morgan Chase & Co will post 6.91 EPS for the current fiscal year.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the transaction, the general counsel now owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.88% of the company’s stock.

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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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