JPMorgan Chase & Co. (JPM) Position Raised by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the fourth quarter, Holdings Channel reports. The firm owned 4,351 shares of the financial services provider’s stock after buying an additional 29 shares during the period. Hunter Associates Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $375,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. McQueen Ball & Associates Inc. raised its position in shares of JPMorgan Chase & Co. by 0.3% in the third quarter. McQueen Ball & Associates Inc. now owns 38,242 shares of the financial services provider’s stock valued at $2,547,000 after buying an additional 99 shares during the last quarter. Summit Financial Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 74.8% in the third quarter. Summit Financial Wealth Advisors LLC now owns 31,782 shares of the financial services provider’s stock valued at $2,116,000 after buying an additional 13,601 shares during the last quarter. Indiana Trust & Investment Management CO raised its position in shares of JPMorgan Chase & Co. by 0.4% in the third quarter. Indiana Trust & Investment Management CO now owns 43,286 shares of the financial services provider’s stock valued at $2,882,000 after buying an additional 183 shares during the last quarter. Curbstone Financial Management Corp raised its position in shares of JPMorgan Chase & Co. by 1.0% in the third quarter. Curbstone Financial Management Corp now owns 34,618 shares of the financial services provider’s stock valued at $2,305,000 after buying an additional 350 shares during the last quarter. Finally, Cardinal Capital Management Inc. purchased a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $1,268,000. Hedge funds and other institutional investors own 73.65% of the company’s stock.

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

JPMorgan Chase & Co. (NYSE:JPM) opened at 90.03 on Tuesday. The firm has a market capitalization of $320.57 billion, a PE ratio of 14.54 and a beta of 1.49. JPMorgan Chase & Co. has a one year low of $57.05 and a one year high of $93.98. The company has a 50 day moving average price of $89.56 and a 200-day moving average price of $79.20.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, January 13th. The financial services provider reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.29. JPMorgan Chase & Co. had a return on equity of 10.91% and a net margin of 23.45%. The company had revenue of $24.30 billion for the quarter, compared to analyst estimates of $23.48 billion. During the same period in the prior year, the company posted $1.68 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts predict that JPMorgan Chase & Co. will post $6.56 EPS for the current year.

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Several research analysts have recently commented on JPM shares. Deutsche Bank AG reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 23rd. Vetr upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $84.31 target price for the company in a research report on Monday, December 26th. Daiwa Capital Markets raised JPMorgan Chase & Co. from a “hold” rating to an “outperform” rating in a report on Tuesday, February 7th. Instinet reissued a “hold” rating and issued a $65.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, January 11th. Finally, BMO Capital Markets reissued a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, March 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $79.58.

In other news, insider Gordon Smith sold 65,865 shares of the company’s stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $83.67, for a total value of $5,510,924.55. Following the sale, the insider now directly owns 237,466 shares in the company, valued at approximately $19,868,780.22. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas B. Petno sold 6,728 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $84.16, for a total value of $566,228.48. Following the completion of the sale, the chief executive officer now owns 115,938 shares in the company, valued at $9,757,342.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 202,699 shares of company stock worth $17,009,515. Corporate insiders own 0.85% of the company’s stock.

About JPMorgan 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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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