Ironwood Investment Management LLC Has $362,000 Holdings in J P Morgan Chase & Co (JPM)

Ironwood Investment Management LLC held its stake in shares of J P Morgan Chase & Co (NYSE:JPM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,118 shares of the financial services provider’s stock at the close of the first quarter. Ironwood Investment Management LLC’s holdings in J P Morgan Chase & Co were worth $362,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of JPM. Horrell Capital Management Inc. grew its position in J P Morgan Chase & Co by 5.0% during the 1st quarter. Horrell Capital Management Inc. now owns 1,647 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 78 shares during the last quarter. Vista Capital Partners Inc. grew its position in J P Morgan Chase & Co by 3.7% during the 1st quarter. Vista Capital Partners Inc. now owns 2,550 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 90 shares during the last quarter. Colorado Capital Management Inc. grew its position in J P Morgan Chase & Co by 3.0% during the 1st quarter. Colorado Capital Management Inc. now owns 2,549 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 75 shares during the last quarter. Windsor Financial Group LLC purchased a new position in J P Morgan Chase & Co during the 1st quarter worth $224,000. Finally, Diversified Portfolios Inc. purchased a new position in J P Morgan Chase & Co during the 1st quarter worth $232,000. 78.02% of the stock is currently owned by institutional investors.

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

Several research analysts have issued reports on the stock. Vetr downgraded shares of J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price objective on the stock. in a research report on Monday, May 15th. UBS AG reissued a “buy” rating and set a $101.00 price objective on shares of J P Morgan Chase & Co in a research report on Monday, May 15th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $92.00 price objective on shares of J P Morgan Chase & Co in a research report on Wednesday, June 7th. Credit Suisse Group raised their price objective on shares of J P Morgan Chase & Co from $102.00 to $103.00 and gave the stock an “outperform” rating in a research report on Friday, July 14th. Finally, Zacks Investment Research raised 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. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $85.59.

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Shares of J P Morgan Chase & Co (JPM) traded up 1.48% during midday trading on Tuesday, hitting $91.12. 6,712,017 shares of the stock were exchanged. The stock’s 50-day moving average price is $91.67 and its 200 day moving average price is $88.99. J P Morgan Chase & Co has a one year low of $65.11 and a one year high of $95.22. The stock has a market cap of $320.60 billion, a P/E ratio of 13.44 and a beta of 1.19.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The company had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. The business’s quarterly revenue was up 4.6% on a year-over-year basis. On average, analysts anticipate that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.

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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