RFG Advisory Group LLC Has $1.71 Million Position in J P Morgan Chase & Co (JPM)

RFG Advisory Group LLC increased its stake in J P Morgan Chase & Co (NYSE:JPM) by 102.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,434 shares of the financial services provider’s stock after buying an additional 9,313 shares during the quarter. RFG Advisory Group LLC’s holdings in J P Morgan Chase & Co were worth $1,707,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of JPM. State Street Corp lifted its position in shares of J P Morgan Chase & Co by 0.8% during 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 during the last quarter. Legal & General Group Plc lifted its position in shares of J P Morgan Chase & Co by 2.1% during the second quarter. Legal & General Group Plc now owns 17,769,351 shares of the financial services provider’s stock worth $1,624,143,000 after purchasing an additional 369,878 shares during the last quarter. Jennison Associates LLC lifted its position in shares of J P Morgan Chase & Co by 16.2% during the second quarter. Jennison Associates LLC now owns 13,461,063 shares of the financial services provider’s stock worth $1,230,341,000 after purchasing an additional 1,880,530 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of J P Morgan Chase & Co by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 12,241,448 shares of the financial services provider’s stock valued at $1,118,869,000 after acquiring an additional 424,317 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of J P Morgan Chase & Co by 1.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,867,688 shares of the financial services provider’s stock valued at $993,307,000 after acquiring an additional 207,812 shares in the last quarter. Institutional investors own 73.93% of the company’s stock.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the business’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 directly owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.88% of the company’s stock.

Several research firms recently weighed in on JPM. Royal Bank Of Canada restated a “buy” rating and issued a $95.00 price objective on shares of J P Morgan Chase & Co in a report on Friday, August 18th. Deutsche Bank downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating and lifted their price objective for the company from $90.00 to $96.00 in a report on Tuesday, September 26th. Keefe, Bruyette & Woods set a $96.00 price objective on J P Morgan Chase & Co and gave the company a “hold” rating in a report on Saturday, August 19th. Citigroup lifted their price objective on J P Morgan Chase & Co from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, October 6th. Finally, Robert W. Baird lifted their target price on J P Morgan Chase & Co from $88.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $92.18.

Shares of J P Morgan Chase & Co (JPM) traded up $0.27 during midday trading on Monday, reaching $104.79. The company had a trading volume of 19,683,500 shares, compared to its average volume of 13,949,269. The stock has a market capitalization of $363,592.56, a price-to-earnings ratio of 15.10, a P/E/G ratio of 2.27 and a beta of 1.22. J P Morgan Chase & Co has a 52-week low of $80.90 and a 52-week high of $106.66. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The company had revenue of $25.33 billion during the quarter, compared to the consensus estimate of $24.91 billion. During the same period in the previous year, the company posted $1.58 earnings per share. J P Morgan Chase & Co’s revenue for the quarter was up 2.6% on a year-over-year basis. sell-side analysts anticipate that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

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