JPMorgan Chase & Co. (JPM) Holdings Boosted by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,527 shares of the financial services provider’s stock after purchasing an additional 934 shares during the period. JPMorgan Chase & Co. comprises 1.7% of First Citizens Bank & Trust Co.’s holdings, making the stock its 6th largest position. First Citizens Bank & Trust Co.’s holdings in JPMorgan Chase & Co. were worth $14,227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in JPM. Miracle Mile Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 98.3% in the fourth quarter. Miracle Mile Advisors LLC now owns 9,062 shares of the financial services provider’s stock worth $969,000 after purchasing an additional 4,493 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of JPMorgan Chase & Co. by 5.9% in the fourth quarter. Park Avenue Securities LLC now owns 17,159 shares of the financial services provider’s stock worth $1,852,000 after purchasing an additional 950 shares during the last quarter. Girard Partners LTD. grew its holdings in shares of JPMorgan Chase & Co. by 3.1% in the fourth quarter. Girard Partners LTD. now owns 69,326 shares of the financial services provider’s stock worth $7,414,000 after purchasing an additional 2,065 shares during the last quarter. Gradient Investments LLC grew its holdings in shares of JPMorgan Chase & Co. by 3.8% in the fourth quarter. Gradient Investments LLC now owns 81,447 shares of the financial services provider’s stock worth $8,710,000 after purchasing an additional 2,945 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of JPMorgan Chase & Co. by 1.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 215,127 shares of the financial services provider’s stock worth $23,006,000 after purchasing an additional 2,987 shares during the last quarter. Hedge funds and other institutional investors own 70.72% of the company’s stock.

A number of analysts recently weighed in on the stock. DZ Bank raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Keefe, Bruyette & Woods reaffirmed a “$111.53” rating and issued a $127.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 18th. UBS Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Credit Suisse Group set a $130.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Thursday, July 12th. Finally, Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Monday. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. JPMorgan Chase & Co. currently has an average rating of “Buy” and an average price target of $120.13.

In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 30,725 shares of the stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $114.01, for a total transaction of $3,502,957.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

JPM stock opened at $113.84 on Tuesday. The stock has a market cap of $388.09 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 1.85 and a beta of 1.16. JPMorgan Chase & Co. has a one year low of $91.85 and a one year high of $119.33. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, July 13th. The financial services provider reported $2.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.07. The business had revenue of $27.75 billion during the quarter, compared to analyst estimates of $27.62 billion. JPMorgan Chase & Co. had a net margin of 22.80% and a return on equity of 13.18%. analysts predict that JPMorgan Chase & Co. will post 9.15 earnings per share for the current year.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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