Duff & Phelps Investment Management Co. grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,965 shares of the financial services provider’s stock after acquiring an additional 300 shares during the period. Duff & Phelps Investment Management Co.’s holdings in JPMorgan Chase & Co. were worth $4,165,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Adirondack Retirement Specialists Inc. increased its holdings 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 worth $29,000 after acquiring an additional 189 shares during the period. Nordwand Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth $30,000. Boulder Wealth Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $43,000. Capital Directions Investment Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $44,000. Finally, Sageworth Trust Co boosted its stake in shares of JPMorgan Chase & Co. by 266.7% during 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 in the last quarter. Institutional investors and hedge funds own 70.10% of the company’s stock.
JPMorgan Chase & Co. Stock Up 0.2 %
Shares of JPM opened at $148.97 on Monday. The company has a 50-day simple moving average of $149.14 and a 200-day simple moving average of $140.86. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.90 and a current ratio of 0.90. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $159.38. The firm has a market capitalization of $432.92 billion, a P/E ratio of 9.59, a P/E/G ratio of 1.91 and a beta of 1.10.
Wall Street Analyst Weigh In
JPM has been the topic of a number of recent analyst reports. Atlantic Securities boosted their price target 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. Societe Generale cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, July 10th. 888 reiterated a “maintains” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 26th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 price target for the company in a research note on Friday, July 7th. Finally, Odeon Capital Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Monday, May 1st. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $165.89.
Get Our Latest Analysis on JPM
Insider Buying and Selling at JPMorgan Chase & Co.
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 transaction, the chief executive officer now directly owns 277,161 shares of the company’s stock, valued at approximately $39,401,207.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 4,930 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $142.16, for a total value of $700,848.80. Following the transaction, the chief executive officer now directly owns 277,161 shares in the company, valued at $39,401,207.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman Peter Scher sold 2,482 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $141.39, for a total transaction of $350,929.98. Following the sale, the insider now directly owns 41,333 shares of the company’s stock, valued at approximately $5,844,072.87. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,593 shares of company stock valued at $1,992,388. 0.79% of the stock is currently owned by corporate insiders.
JPMorgan Chase & Co. 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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