Clearstead Trust LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,094 shares of the financial services provider’s stock after selling 447 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.3% of Clearstead Trust LLC’s investment portfolio, making the stock its 15th biggest position. Clearstead Trust LLC’s holdings in JPMorgan Chase & Co. were worth $4,052,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Adirondack Retirement Specialists Inc. grew its stake in shares of JPMorgan Chase & Co. by 510.8% in the 1st quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock valued at $29,000 after buying an additional 189 shares during the period. Nordwand Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $30,000. Boulder Wealth Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $43,000. Capital Directions Investment Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $44,000. Finally, Sageworth Trust Co lifted its holdings in shares of JPMorgan Chase & Co. by 266.7% in the 1st quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 296 shares during the last quarter. Hedge funds and other institutional investors own 70.10% of the company’s stock.
JPMorgan Chase & Co. Trading Up 0.2 %
Shares of JPMorgan Chase & Co. stock opened at $148.97 on Monday. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $159.38. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $432.92 billion, a P/E ratio of 9.59, a PEG ratio of 1.91 and a beta of 1.10. The company’s fifty day moving average is $149.14 and its two-hundred day moving average is $140.86.
Insider Transactions at JPMorgan Chase & Co.
In other news, General Counsel Stacey Friedman sold 4,310 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $157.16, for a total value of $677,359.60. Following the completion of the sale, the general counsel now owns 57,735 shares in the company, valued at approximately $9,073,632.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Jennifer Piepszak sold 1,871 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $140.70, for a total value of $263,249.70. Following the completion of the sale, the chief executive officer now owns 22,926 shares in the company, valued at approximately $3,225,688.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 4,310 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $157.16, for a total transaction of $677,359.60. Following the completion of the sale, the general counsel now owns 57,735 shares of the company’s stock, valued at approximately $9,073,632.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,593 shares of company stock worth $1,992,388. Company insiders own 0.79% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on JPM shares. Citigroup lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 target price on the stock. in a report on Wednesday, July 12th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 price objective on the stock in a report on Friday, July 7th. Odeon Capital Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Monday, May 1st. Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $174.00 to $180.00 in a report on Monday, July 17th. Finally, Atlantic Securities raised their price objective on shares of JPMorgan Chase & Co. from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Tuesday, August 1st. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $165.89.
Get Our Latest Research Report on JPMorgan Chase & Co.
About JPMorgan Chase & Co.
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, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
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