SRS Capital Advisors Inc. Purchases 1,035 Shares of J P Morgan Chase & Co (NYSE:JPM)

SRS Capital Advisors Inc. grew its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 27.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,853 shares of the financial services provider’s stock after purchasing an additional 1,035 shares during the quarter. SRS Capital Advisors Inc.’s holdings in J P Morgan Chase & Co were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Paradigm Financial Advisors LLC raised its holdings in J P Morgan Chase & Co by 0.3% during the first quarter. Paradigm Financial Advisors LLC now owns 6,805 shares of the financial services provider’s stock worth $597,000 after purchasing an additional 21 shares in the last quarter. Weybosset Research & Management LLC raised its holdings in J P Morgan Chase & Co by 0.9% during the first quarter. Weybosset Research & Management LLC now owns 3,406 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 30 shares in the last quarter. Financial Advisory Service Inc. raised its holdings in J P Morgan Chase & Co by 0.7% during the first quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 36 shares in the last quarter. Carlson Capital Management increased its holdings in shares of J P Morgan Chase & Co by 1.2% in the 1st quarter. Carlson Capital Management now owns 4,084 shares of the financial services provider’s stock valued at $359,000 after acquiring an additional 47 shares during the period. Finally, LVM Capital Management Ltd. MI increased its holdings in shares of J P Morgan Chase & Co by 1.5% in the 1st quarter. LVM Capital Management Ltd. MI now owns 3,428 shares of the financial services provider’s stock valued at $301,000 after acquiring an additional 52 shares during the period. 78.02% of the stock is currently owned by institutional investors.

JPM has been the topic of a number of recent research reports. Wells Fargo & Company initiated coverage on shares of J P Morgan Chase & Co in a report on Wednesday, August 9th. They issued an “outperform” rating and a $110.00 target price on the stock. Zacks Investment Research upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Tuesday, July 18th. Vetr upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price objective on the stock in a research report on Wednesday, September 6th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of J P Morgan Chase & Co in a research report on Friday, July 21st. Finally, Credit Suisse Group lowered their price objective on shares of J P Morgan Chase & Co from $102.00 to $99.00 and set an “outperform” rating on the stock in a research report on Thursday, June 29th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have issued a buy rating to the company. J P Morgan Chase & Co has a consensus rating of “Hold” and a consensus price target of $85.59.

J P Morgan Chase & Co (NYSE JPM) traded up 0.75% on Friday, hitting $91.65. 10,137,051 shares of the stock were exchanged. The company’s 50-day moving average is $91.53 and its 200-day moving average is $89.02. The company has a market cap of $322.47 billion, a PE ratio of 13.52 and a beta of 1.19. J P Morgan Chase & Co has a 52 week low of $65.11 and a 52 week high of $95.22.

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, topping the Zacks’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The firm had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. During the same period last year, the company posted $1.55 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, analysts predict that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.

In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total transaction of $91,290.00. Following the completion of the sale, the insider now directly owns 3,783 shares in the company, valued at approximately $345,350.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $91.58, for a total value of $1,611,441.68. The disclosure for this sale can be found here. Insiders have sold a total of 28,564 shares of company stock valued at $2,605,334 over the last 90 days. Corporate insiders own 0.88% of the company’s stock.

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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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