J P Morgan Chase & Co (JPM) Shares Bought by Carderock Capital Management Inc.

Carderock Capital Management Inc. grew its stake in J P Morgan Chase & Co (NYSE:JPM) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,510 shares of the financial services provider’s stock after buying an additional 58 shares during the period. Carderock Capital Management Inc.’s holdings in J P Morgan Chase & Co were worth $1,966,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of JPM. Harbour Capital Advisors LLC raised its holdings in shares of J P Morgan Chase & Co by 8,767.4% in the second quarter. Harbour Capital Advisors LLC now owns 2,794,464 shares of the financial services provider’s stock worth $30,574,000 after buying an additional 2,762,950 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of J P Morgan Chase & Co by 27.1% in the second quarter. Principal Financial Group Inc. now owns 10,772,893 shares of the financial services provider’s stock worth $984,642,000 after buying an additional 2,296,713 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of J P Morgan Chase & Co by 16.2% in 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 buying an additional 1,880,530 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of J P Morgan Chase & Co in the first quarter worth $140,124,000. Finally, State Street Corp raised its holdings 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 buying an additional 1,357,194 shares during the last quarter. 73.93% of the stock is owned by institutional investors and hedge funds.

In other news, General Counsel Stacey Friedman sold 2,099 shares of J P Morgan Chase & Co stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the sale, the general counsel now owns 15,279 shares in the company, valued at $1,557,846.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.88% of the stock is owned by company insiders.

A number of research firms have issued reports on JPM. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $105.00 price target on shares of J P Morgan Chase & Co in a report on Wednesday, November 15th. Wells Fargo & Company raised their target price on shares of J P Morgan Chase & Co from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Barclays raised 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. Nomura raised their target price on shares of J P Morgan Chase & Co from $87.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Finally, Bank of America set a $102.00 target price on shares of J P Morgan Chase & Co and gave the stock a “buy” rating in a report on Friday, October 13th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $92.18.

Shares of J P Morgan Chase & Co (JPM) traded down $0.79 during midday trading on Thursday, hitting $104.93. 15,476,200 shares of the stock traded hands, compared to its average volume of 14,010,543. J P Morgan Chase & Co has a 1-year low of $81.64 and a 1-year high of $108.40. The firm has a market capitalization of $366,819.41, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 2.29 and a beta of 1.22. 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 earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. During the same quarter last year, the business earned $1.58 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. equities analysts expect that J P Morgan Chase & Co will post 6.91 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “J P Morgan Chase & Co (JPM) Shares Bought by Carderock Capital Management Inc.” was originally published by Transcript Daily and is owned by of Transcript Daily. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://transcriptdaily.com/2017/12/07/j-p-morgan-chase-co-jpm-shares-bought-by-carderock-capital-management-inc.html.

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)

Receive News & Ratings for J P Morgan Chase & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J P Morgan Chase & Co and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply