J P Morgan Chase & Co (JPM) Stake Maintained by CKW Financial Group

CKW Financial Group held its position in shares of J P Morgan Chase & Co (NYSE:JPM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,925 shares of the financial services provider’s stock at the close of the first quarter. J P Morgan Chase & Co comprises approximately 0.7% of CKW Financial Group’s holdings, making the stock its 12th largest position. CKW Financial Group’s holdings in J P Morgan Chase & Co were worth $2,189,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in JPM. CHURCHILL MANAGEMENT Corp bought a new position in shares of J P Morgan Chase & Co during the 1st quarter valued at $1,367,000. Israel Discount Bank of New York GFN bought a new position in shares of J P Morgan Chase & Co during the 4th quarter valued at $1,857,000. Stillwater Investment Management LLC lifted its holdings in shares of J P Morgan Chase & Co by 2.3% during the 1st quarter. Stillwater Investment Management LLC now owns 37,725 shares of the financial services provider’s stock valued at $3,314,000 after buying an additional 852 shares during the period. Gillespie Robinson & Grimm Inc. lifted its holdings in shares of J P Morgan Chase & Co by 10.4% during the 1st quarter. Gillespie Robinson & Grimm Inc. now owns 95,957 shares of the financial services provider’s stock valued at $8,429,000 after buying an additional 9,020 shares during the period. Finally, Jackson Grant Investment Advisers Inc. increased its stake in shares of J P Morgan Chase & Co by 0.5% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 2,566 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 14 shares in the last quarter. 78.02% of the stock is currently owned by institutional investors and hedge funds.

In related news, General Counsel Stacey Friedman sold 9,968 shares of the stock in a transaction on Monday, August 21st. The shares were sold at an average price of $90.55, for a total value of $902,602.40. Following the transaction, the general counsel now directly owns 10,527 shares of the company’s stock, valued at approximately $953,219.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nicole Giles sold 1,000 shares of the stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the completion of the transaction, the insider now directly owns 3,783 shares in the company, valued at $345,350.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,564 shares of company stock worth $2,605,334. Insiders own 0.88% of the company’s stock.

J P Morgan Chase & Co (NYSE JPM) traded up 0.71% during trading on Friday, reaching $91.62. 18,171,794 shares of the company’s stock traded hands. The company has a market cap of $322.36 billion, a PE ratio of 13.52 and a beta of 1.19. J P Morgan Chase & Co has a 12-month low of $65.11 and a 12-month high of $95.22. The company has a 50 day moving average price of $91.54 and a 200-day moving average price of $89.03.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The company had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. During the same period in the prior year, the firm posted $1.55 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts forecast that J P Morgan Chase & Co will post $6.81 EPS for the current fiscal year.

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Several research firms have recently commented on JPM. Vetr lowered J P Morgan Chase & Co from a “buy” rating to a “hold” rating and set a $93.14 price objective for the company. in a research note on Tuesday. Instinet restated a “neutral” rating and issued a $84.00 price objective (down from $87.00) on shares of J P Morgan Chase & Co in a research note on Saturday, June 3rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $95.00 price target on shares of J P Morgan Chase & Co in a research note on Friday, August 18th. BidaskClub lowered J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Berenberg Bank set a $65.00 price target on J P Morgan Chase & Co and gave the stock a “sell” rating in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $85.59.

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.

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

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