Brandywine Oak Private Wealth LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,772 shares of the financial services provider’s stock after selling 398 shares during the period. Brandywine Oak Private Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $3,749,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 105,652.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after buying an additional 97,907,897 shares in the last quarter. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $3,894,646,000. Price T Rowe Associates Inc. MD raised its holdings in shares of JPMorgan Chase & Co. by 71.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,484,094 shares of the financial services provider’s stock worth $4,087,917,000 after buying an additional 12,654,947 shares in the last quarter. Morgan Stanley raised its holdings in shares of JPMorgan Chase & Co. by 15.9% during the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after buying an additional 8,088,433 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $556,791,000. 70.10% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on JPM shares. Morgan Stanley boosted their price objective on JPMorgan Chase & Co. from $160.00 to $173.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Jefferies Financial Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $149.00 to $165.00 in a research report on Tuesday, July 11th. Citigroup lowered JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 price target on the stock. in a research report on Wednesday, July 12th. Evercore ISI reduced their price target on JPMorgan Chase & Co. from $155.00 to $151.00 in a research report on Friday, May 12th. Finally, Atlantic Securities upped their price target on JPMorgan Chase & Co. from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Tuesday, August 1st. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $165.89.
Insider Transactions at JPMorgan Chase & Co.
In other news, CEO Jennifer Piepszak sold 1,871 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was 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 directly owns 22,926 shares of the company’s stock, valued at $3,225,688.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Douglas B. Petno sold 4,930 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $142.16, for a total value of $700,848.80. Following the completion of the sale, the chief executive officer now directly owns 277,161 shares of the company’s stock, valued at $39,401,207.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jennifer Piepszak sold 1,871 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was 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 directly owns 22,926 shares of the company’s stock, valued at $3,225,688.20. The disclosure for this sale can be found here. Insiders sold a total of 13,593 shares of company stock valued at $1,992,388 over the last ninety days. 0.79% of the stock is currently owned by insiders.
JPMorgan Chase & Co. Stock Up 0.2 %
JPM stock opened at $148.97 on Monday. The stock’s 50 day simple moving average is $149.14 and its 200 day simple moving average is $140.86. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week 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 cap of $432.92 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 1.91 and a beta of 1.10.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings results on Friday, July 14th. The financial services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.75. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The business had revenue of $42.40 billion for the quarter, compared to the consensus estimate of $38.66 billion. During the same period in the prior year, the business earned $2.76 EPS. The firm’s revenue for the quarter was up 34.1% on a year-over-year basis. On average, research analysts expect that JPMorgan Chase & Co. will post 15.57 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Company 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, 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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