Nippon Life Insurance Co. Has $10.52 Million Holdings in J P Morgan Chase & Co (JPM)

Nippon Life Insurance Co. trimmed its position in J P Morgan Chase & Co (NYSE:JPM) by 7.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,109 shares of the financial services provider’s stock after selling 9,260 shares during the period. Nippon Life Insurance Co.’s holdings in J P Morgan Chase & Co were worth $10,521,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of JPM. IPG Investment Advisors LLC boosted its stake in shares of J P Morgan Chase & Co by 0.3% in the 2nd quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock worth $608,000 after buying an additional 17 shares during the last quarter. BSW Wealth Partners boosted its stake in shares of J P Morgan Chase & Co by 0.5% in the 1st quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock worth $429,000 after buying an additional 26 shares during the last quarter. Keel Point LLC boosted its stake in shares of J P Morgan Chase & Co by 1.1% in the 1st quarter. Keel Point LLC now owns 3,365 shares of the financial services provider’s stock worth $296,000 after buying an additional 36 shares during the last quarter. Financial Advisory Service Inc. boosted its stake in shares of J P Morgan Chase & Co by 0.7% in the 1st quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock worth $442,000 after buying an additional 36 shares during the last quarter. Finally, Financial Consulate Inc. boosted its stake in shares of J P Morgan Chase & Co by 1.1% in the 2nd quarter. Financial Consulate Inc. now owns 4,075 shares of the financial services provider’s stock worth $372,000 after buying an additional 44 shares during the last quarter. 73.93% of the stock is owned by institutional investors and hedge funds.

J P Morgan Chase & Co (NYSE JPM) traded down $1.23 during midday trading on Wednesday, reaching $105.72. 17,192,900 shares of the company’s stock traded hands, compared to its average volume of 14,004,277. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. J P Morgan Chase & Co has a twelve month low of $81.64 and a twelve month high of $108.40. The stock has a market capitalization of $371,087.16, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 2.32 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The business had revenue of $25.33 billion during the quarter, compared to analyst estimates of $24.91 billion. During the same period in the prior year, the business posted $1.58 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. equities analysts expect that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

A number of equities analysts have recently weighed in on JPM shares. Wells Fargo & Company started coverage on J P Morgan Chase & Co in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $110.00 target price on the stock. Bank of America set a $102.00 target price on J P Morgan Chase & Co and gave the stock a “buy” rating in a research note on Friday, October 13th. Jefferies Group reiterated a “buy” rating and issued a $102.00 price objective on shares of J P Morgan Chase & Co in a research note on Friday, September 15th. Oppenheimer reiterated a “hold” rating on shares of J P Morgan Chase & Co in a research note on Thursday, October 12th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $110.00 price objective (up previously from $103.00) on shares of J P Morgan Chase & Co in a research note on Monday, October 9th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $92.18.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the sale, the general counsel now directly owns 15,279 shares in the company, valued at $1,557,846.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.88% of the company’s stock.

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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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