IFM Investors Pty Ltd boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.9% in the third quarter, HoldingsChannel.com reports. The fund owned 99,454 shares of the financial services provider’s stock after acquiring an additional 1,848 shares during the quarter. JPMorgan Chase & Co. comprises about 1.6% of IFM Investors Pty Ltd’s portfolio, making the stock its 7th largest holding. IFM Investors Pty Ltd’s holdings in JPMorgan Chase & Co. were worth $9,499,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Beach Investment Management LLC. lifted its holdings in shares of JPMorgan Chase & Co. by 1,117.4% in the 2nd quarter. Beach Investment Management LLC. now owns 559,171 shares of the financial services provider’s stock valued at $51,108,000 after buying an additional 513,241 shares during the period. Crescent Grove Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $901,000. Granite Investment Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 1.1% in the 2nd quarter. Granite Investment Advisors LLC now owns 11,160 shares of the financial services provider’s stock valued at $1,036,000 after purchasing an additional 125 shares in the last quarter. Rice Hall James & Associates LLC purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $188,000. Finally, Smith Asset Management Group LP increased its stake in shares of JPMorgan Chase & Co. by 26,313.3% in the 2nd quarter. Smith Asset Management Group LP now owns 290,546 shares of the financial services provider’s stock valued at $26,563,000 after purchasing an additional 289,446 shares in the last quarter. 74.59% of the stock is owned by institutional investors.
JPM has been the subject of several recent analyst reports. Vetr lowered JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price target for the company. in a research note on Wednesday, January 10th. Morgan Stanley lifted their price target on JPMorgan Chase & Co. from $133.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. Credit Suisse Group upgraded JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price target for the company in a research note on Friday, January 5th. Vining Sparks restated a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, January 12th. Finally, Jefferies Group restated a “buy” rating and issued a $131.00 price target (up previously from $124.00) on shares of JPMorgan Chase & Co. in a research note on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, twelve have assigned 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 a consensus price target of $110.82.
In related news, Director James S. Crown bought 7,280 shares of the stock in a transaction dated Thursday, January 18th. The shares were acquired at an average cost of $113.37 per share, for a total transaction of $825,333.60. Following the acquisition, the director now directly owns 305,875 shares in the company, valued at approximately $34,677,048.75. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Peter Scher sold 17,057 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.20, for a total value of $1,913,795.40. Following the transaction, the executive vice president now owns 15,310 shares in the company, valued at $1,717,782. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,047 shares of company stock worth $17,098,115. Insiders own 0.88% of the company’s stock.
JPMorgan Chase & Co. (NYSE:JPM) opened at $117.66 on Tuesday. The firm has a market capitalization of $405,108.44, a P/E ratio of 18.68, a PEG ratio of 1.99 and a beta of 1.18. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $119.33. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.24.
JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion for 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 business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 EPS. research analysts predict that JPMorgan Chase & Co. will post 8.9 earnings per share for the current year.
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About JPMorgan Chase & Co.
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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