Curbstone Financial Management Corp Has $1.40 Million Holdings in J P Morgan Chase & Co (JPM)

Curbstone Financial Management Corp reduced its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 1.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,297 shares of the financial services provider’s stock after selling 286 shares during the quarter. Curbstone Financial Management Corp’s holdings in J P Morgan Chase & Co were worth $1,398,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Pacific Center for Financial Services increased its stake in J P Morgan Chase & Co by 14.5% during the 1st quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 177 shares in the last quarter. Horrell Capital Management Inc. increased its stake in J P Morgan Chase & Co by 5.0% during the 1st quarter. Horrell Capital Management Inc. now owns 1,647 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 78 shares in the last quarter. Ullmann Financial Group Inc. bought a new stake in J P Morgan Chase & Co during the 1st quarter valued at about $148,000. Vista Capital Partners Inc. increased its stake in J P Morgan Chase & Co by 3.7% during the 1st quarter. Vista Capital Partners Inc. now owns 2,550 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 90 shares in the last quarter. Finally, Colorado Capital Management Inc. increased its stake in J P Morgan Chase & Co by 3.0% during the 1st quarter. Colorado Capital Management Inc. now owns 2,549 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 78.02% of the company’s stock.

A number of analysts have weighed in on JPM shares. BMO Capital Markets restated a “hold” rating and set a $85.00 price objective on shares of J P Morgan Chase & Co in a research note on Thursday, June 1st. Instinet restated a “neutral” rating and set a $84.00 price objective (down from $87.00) on shares of J P Morgan Chase & Co in a research note on Saturday, June 3rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $92.00 price objective on shares of J P Morgan Chase & Co in a research note on Wednesday, June 7th. BidaskClub upgraded shares of J P Morgan Chase & Co from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Vetr lowered shares of J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price objective for the company. in a research note on Monday, June 12th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have issued a buy rating to the stock. J P Morgan Chase & Co currently has a consensus rating of “Hold” and an average price target of $85.84.

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In other news, insider Nicole Giles sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total transaction of $91,290.00. Following the transaction, the insider now owns 3,783 shares in the company, 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, General Counsel Stacey Friedman sold 9,968 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $90.55, for a total value of $902,602.40. Following the transaction, the general counsel now owns 10,527 shares in the company, valued at approximately $953,219.85. The disclosure for this sale can be found here. Insiders have sold a total of 28,564 shares of company stock worth $2,605,334 in the last quarter. Insiders own 0.88% of the company’s stock.

J P Morgan Chase & Co (NYSE JPM) traded up 0.71% during midday trading on Friday, hitting $91.62. 18,171,794 shares of the stock traded hands. J P Morgan Chase & Co has a 12 month low of $65.11 and a 12 month high of $95.22. The firm has a market cap of $322.36 billion, a PE ratio of 13.52 and a beta of 1.19. The company’s 50 day moving average price is $91.54 and its 200 day moving average price is $89.03.

J P Morgan Chase & Co (NYSE:JPM) last announced its earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $24.38 billion. During the same quarter last year, the firm posted $1.55 EPS. The business’s revenue was up 4.6% on a year-over-year basis. Equities research analysts predict that J P Morgan Chase & Co will post $6.81 earnings per share for the current fiscal year.

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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