Marco Investment Management LLC cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 202,393 shares of the financial services provider’s stock after selling 6,200 shares during the quarter. JPMorgan Chase & Co. makes up about 3.0% of Marco Investment Management LLC’s investment portfolio, making the stock its 3rd largest position. Marco Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $19,331,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in JPM. Kohmann Bosshard Financial Services LLC bought a new position in JPMorgan Chase & Co. during the 3rd quarter worth approximately $102,000. Welch Investments LLC bought a new position in JPMorgan Chase & Co. during the 3rd quarter worth approximately $103,000. Legacy Advisors LLC bought a new position in JPMorgan Chase & Co. during the 3rd quarter worth approximately $106,000. Atlantic Trust LLC bought a new position in JPMorgan Chase & Co. during the 2nd quarter worth approximately $136,000. Finally, Lipe & Dalton bought a new position in JPMorgan Chase & Co. during the 3rd quarter worth approximately $143,000. Hedge funds and other institutional investors own 72.83% of the company’s stock.
A number of brokerages have recently weighed in on JPM. Wells Fargo & Co set a $120.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Morgan Stanley lifted their price objective on JPMorgan Chase & Co. from $128.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Royal Bank of Canada reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Barclays lifted their price objective on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Societe Generale lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average price target of $110.82.
In related news, Director James S. Crown acquired 7,280 shares of the stock in a transaction on Thursday, January 18th. The stock was acquired at an average price of $113.37 per share, for a total transaction of $825,333.60. Following the completion of the purchase, the director now owns 305,875 shares of the company’s stock, valued at $34,677,048.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter Scher sold 26,532 shares of JPMorgan Chase & Co. stock in a transaction on Friday, January 19th. The shares were sold at an average price of $113.42, for a total value of $3,009,259.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,047 shares of company stock valued at $17,098,115. 0.88% of the stock is currently owned by company insiders.
JPMorgan Chase & Co. (NYSE JPM) opened at $118.04 on Friday. The company has a market capitalization of $405,108.44, a P/E ratio of 16.89, a PEG ratio of 1.99 and a beta of 1.18. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.01. JPMorgan Chase & Co. has a one year low of $81.64 and a one year high of $119.33.
JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.07. The company had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.71 EPS. analysts expect that JPMorgan Chase & Co. will post 8.9 earnings per share for the current year.
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JPMorgan 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.
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