J P Morgan Chase & Co (JPM) is Stewart West Indies Trading CO. Ltd.’s 2nd Largest Position

Stewart West Indies Trading CO. Ltd. held its stake in J P Morgan Chase & Co (NYSE:JPM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,028,000 shares of the financial services provider’s stock at the end of the second quarter. J P Morgan Chase & Co accounts for 8.2% of Stewart West Indies Trading CO. Ltd.’s holdings, making the stock its 2nd largest holding. Stewart West Indies Trading CO. Ltd.’s holdings in J P Morgan Chase & Co were worth $93,959,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Private Vista LLC bought a new position in J P Morgan Chase & Co during the second quarter worth about $102,000. Pacific Center for Financial Services boosted its position in J P Morgan Chase & Co by 14.5% during the first quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 177 shares during the period. Ullmann Financial Group Inc. purchased a new stake in shares of J P Morgan Chase & Co in the first quarter worth about $148,000. Northwest Investment Counselors LLC purchased a new stake in shares of J P Morgan Chase & Co in the second quarter worth about $165,000. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of J P Morgan Chase & Co by 53.0% in the second quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after buying an additional 670 shares in the last quarter. Hedge funds and other institutional investors own 73.93% of the company’s stock.

Shares of J P Morgan Chase & Co (NYSE:JPM) traded down $0.31 during midday trading on Tuesday, reaching $105.62. 10,591,200 shares of the company’s stock were exchanged, compared to its average volume of 13,991,377. J P Morgan Chase & Co has a twelve month low of $81.64 and a twelve month high of $108.40. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $367,548.06, a PE ratio of 15.26, a P/E/G ratio of 2.30 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating 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 business had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. During the same period last year, the business earned $1.58 earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. sell-side analysts forecast that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

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

JPM has been the topic of a number of recent analyst reports. Bank of America set a $102.00 price target on shares of J P Morgan Chase & Co and gave the stock a “buy” rating in a report on Friday, October 13th. Jefferies Group reissued a “buy” rating and issued a $102.00 price target on shares of J P Morgan Chase & Co in a report on Friday, September 15th. Oppenheimer reissued a “hold” rating on shares of J P Morgan Chase & Co in a report on Thursday, October 12th. Credit Suisse Group reissued a “buy” rating and issued a $110.00 price target (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. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $95.00 price target on shares of J P Morgan Chase & Co in a report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $92.18.

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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.

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

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