JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 20.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,289 shares of the financial services provider’s stock after buying an additional 24,778 shares during the period. JPMorgan Chase & Co. comprises 0.8% of Cerity Partners LLC’s portfolio, making the stock its 17th largest holding. Cerity Partners LLC’s holdings in JPMorgan Chase & Co. were worth $13,949,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Capital World Investors increased its position in JPMorgan Chase & Co. by 9.9% during the first quarter. Capital World Investors now owns 91,033,221 shares of the financial services provider’s stock worth $8,195,754,000 after purchasing an additional 8,187,609 shares during the last quarter. Geode Capital Management LLC grew its stake in JPMorgan Chase & Co. by 1.5% during the first quarter. Geode Capital Management LLC now owns 45,078,060 shares of the financial services provider’s stock worth $4,050,836,000 after buying an additional 666,292 shares during the period. Morgan Stanley grew its stake in JPMorgan Chase & Co. by 6.4% during the first quarter. Morgan Stanley now owns 37,812,884 shares of the financial services provider’s stock worth $3,404,295,000 after buying an additional 2,262,845 shares during the period. Bank of New York Mellon Corp grew its stake in JPMorgan Chase & Co. by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 31,592,855 shares of the financial services provider’s stock worth $2,844,306,000 after buying an additional 175,979 shares during the period. Finally, Legal & General Group Plc grew its stake in JPMorgan Chase & Co. by 2.2% during the first quarter. Legal & General Group Plc now owns 19,233,532 shares of the financial services provider’s stock worth $1,735,777,000 after buying an additional 409,477 shares during the period. 69.35% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:JPM traded up $1.24 on Friday, reaching $101.07. 13,774,706 shares of the company’s stock were exchanged, compared to its average volume of 20,923,908. The firm has a market capitalization of $307.41 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 3.38 and a beta of 1.16. JPMorgan Chase & Co. has a fifty-two week low of $76.91 and a fifty-two week high of $141.10. The business’s 50-day moving average is $99.82 and its two-hundred day moving average is $97.91. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.35.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.04. The company had revenue of $32.98 billion for the quarter, compared to analysts’ expectations of $30.23 billion. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.82 earnings per share. Analysts predict that JPMorgan Chase & Co. will post 5.96 earnings per share for the current fiscal year.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 24,554 shares of the stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total transaction of $2,443,614.08. 0.78% of the stock is currently owned by corporate insiders.

Several equities research analysts have issued reports on the stock. Odeon Capital Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $105.75 price objective for the company in a research note on Wednesday, May 20th. Credit Suisse Group set a $122.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Monday, May 18th. TheStreet upgraded shares of JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a research note on Tuesday, August 4th. Morgan Stanley restated a “buy” rating and issued a $106.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 27th. Finally, Oppenheimer restated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $111.37.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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