JPMorgan’s Stock Upgrade Will Please These Top Institutional Shareholders

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Two news bits come this morning from JPMorgan Chase (NYSE:JPM). Firstly, its head of Asian equity capital markets, 20-year industry veteran Kester Ng, will be leaving the company after seven years, and ducking out of banking entirely. Secondly, Evercore Partners has awarded JPMorgan with a Overweight rating, and a price target of $55, up from $48. The firm cited “healthy fundamentals, despite the London Whale losses” as its reasoning.

These institutional firms indicated owning shares of JPMorgan Chase & Co. in Q1 2013. They reported owning a total of 4.868 million shares on 03/31/2013. The shares closed at $47.17 on 03/31/2013.

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Here are the ten largest positions in JPMorgan Chase & Co. at the end of March 31st, 2013.

Huntington National Bank held 1,341,729 shares on 03/31/2013 worth $63,679,000. This brought the portfolio total to 1.49%.

Park National Corp. held 663,227 shares on 03/31/2013 worth $31,476,753. This brought the portfolio total to 2.56%.

First Citizens Bank & Trust Co. held 651,085 shares on 03/31/2013 worth $30,901,000. This brought the portfolio total to 0.98%.

Calvert Investment Management Inc. held 284,817 shares on 03/31/2013 worth $13,517,000. This brought the portfolio total to 1.89%.

Nexus Investment Management Inc. held 213,375 shares on 03/31/2013 worth $10,571,000. This brought the portfolio total to 2.55%.

BB&T Corp. held 207,589 shares on 03/31/2013 worth $9,852,000. This brought the portfolio total to 0.41%.

Mizuho Securities USA Inc. held 189,324 shares on 03/31/2013 worth $8,985,000. This brought the portfolio total to 0.51%.

Private Asset Management Inc. held 186,937 shares on 03/31/2013 worth $8,872,030. This brought the portfolio total to 1.9%.

First American Trust Co. held 149,927 shares on 03/31/2013 worth $7,115,000. This brought the portfolio total to 2.56%.

Abner Herrman & Brock LLC held 136,827 shares on 03/31/2013 worth $6,494,000. This brought the portfolio total to 3.04%.

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