Scotia Capital Inc. Acquires 863 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Scotia Capital Inc. increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 998,566 shares of the financial services provider’s stock after buying an additional 863 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.4% of Scotia Capital Inc.’s portfolio, making the stock its 18th largest holding. Scotia Capital Inc.’s holdings in JPMorgan Chase & Co. were worth $111,646,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its position in JPMorgan Chase & Co. by 1.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 15,021,076 shares of the financial services provider’s stock worth $1,679,357,000 after buying an additional 275,854 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of JPMorgan Chase & Co. by 2.5% in the second quarter. Parametric Portfolio Associates LLC now owns 11,155,325 shares of the financial services provider’s stock valued at $1,247,165,000 after purchasing an additional 272,685 shares in the last quarter. APG Asset Management N.V. increased its holdings in shares of JPMorgan Chase & Co. by 5.0% in the second quarter. APG Asset Management N.V. now owns 8,002,662 shares of the financial services provider’s stock valued at $785,649,000 after purchasing an additional 384,282 shares in the last quarter. Rhumbline Advisers raised its position in JPMorgan Chase & Co. by 0.5% in the 4th quarter. Rhumbline Advisers now owns 5,870,204 shares of the financial services provider’s stock worth $573,049,000 after purchasing an additional 31,681 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in JPMorgan Chase & Co. by 4.0% in the 2nd quarter. Fisher Asset Management LLC now owns 5,811,331 shares of the financial services provider’s stock worth $649,707,000 after purchasing an additional 223,850 shares during the last quarter. Hedge funds and other institutional investors own 72.23% of the company’s stock.

Shares of NYSE:JPM traded up $0.20 during midday trading on Wednesday, reaching $117.07. 7,766,259 shares of the company were exchanged, compared to its average volume of 10,551,968. The firm has a market cap of $373.69 billion, a PE ratio of 13.01, a P/E/G ratio of 1.66 and a beta of 1.19. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $119.24. The stock has a fifty day simple moving average of $110.69 and a two-hundred day simple moving average of $109.57. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.32. The firm had revenue of $28.83 billion during the quarter, compared to analyst estimates of $28.52 billion. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.29 EPS. As a group, analysts forecast that JPMorgan Chase & Co. will post 9.91 earnings per share for the current year.

A number of research analysts have commented on the company. Deutsche Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. Wells Fargo & Co set a $125.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada reiterated a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, July 16th. DZ Bank reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, August 21st. Finally, Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $121.94.

In related news, EVP Peter Scher sold 10,816 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $115.00, for a total value of $1,243,840.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mellody L. Hobson bought 18,200 shares of the stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $109.91 per share, for a total transaction of $2,000,362.00. Following the completion of the acquisition, the director now directly owns 7,804 shares of the company’s stock, valued at approximately $857,737.64. The disclosure for this purchase can be found here. 0.76% of the stock is currently owned by insiders.

JPMorgan Chase & Co. 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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