Robinson Value Management Ltd. Acquires 1,117 Shares of J P Morgan Chase & Co (JPM)

Robinson Value Management Ltd. raised its holdings in J P Morgan Chase & Co (NYSE:JPM) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,879 shares of the financial services provider’s stock after purchasing an additional 1,117 shares during the period. J P Morgan Chase & Co accounts for about 1.7% of Robinson Value Management Ltd.’s holdings, making the stock its 27th biggest position. Robinson Value Management Ltd.’s holdings in J P Morgan Chase & Co were worth $1,817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of JPM. Karp Capital Management Corp purchased a new position in shares of J P Morgan Chase & Co in the first quarter worth about $140,124,000. State Street Corp increased its stake 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 worth $14,979,775,000 after purchasing an additional 1,357,194 shares in the last quarter. Pioneer Investment Management Inc. increased its stake 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 worth $650,272,000 after purchasing an additional 1,344,295 shares in the last quarter. Swedbank increased its stake 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 worth $462,130,000 after purchasing an additional 840,518 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of J P Morgan Chase & Co in the first quarter worth about $63,330,000. Hedge funds and other institutional investors own 78.02% of the company’s stock.

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Shares of J P Morgan Chase & Co (NYSE:JPM) traded up 0.71% on Friday, hitting $91.62. 18,171,794 shares of the company traded hands. J P Morgan Chase & Co has a 1-year low of $65.11 and a 1-year high of $95.22. The stock has a market capitalization of $322.36 billion, a price-to-earnings ratio of 13.52 and a beta of 1.19. The firm’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 posted its earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. The firm had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.55 EPS. On average, equities research analysts expect that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.

Several equities analysts have recently weighed in on the stock. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $93.00 target price on shares of J P Morgan Chase & Co in a research note on Thursday, July 6th. Wells Fargo & Company assumed coverage on shares of J P Morgan Chase & Co in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $110.00 target price for the company. Buckingham Research reiterated a “neutral” rating and issued a $100.00 target price (up previously from $94.00) on shares of J P Morgan Chase & Co in a research note on Monday, July 10th. Berenberg Bank set a $65.00 target price on shares of J P Morgan Chase & Co and gave the stock a “sell” rating in a research note on Thursday, August 3rd. Finally, BidaskClub upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $85.84.

In related news, General Counsel Stacey Friedman sold 9,968 shares of the firm’s stock in a transaction 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 sale, the general counsel now directly owns 10,527 shares in the company, valued at $953,219.85. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was 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. Over 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 corporate 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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