Yellowstone Partners LLC acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 81,131 shares of the financial services provider’s stock, valued at approximately $7,749,000. JPMorgan Chase & Co. accounts for 4.1% of Yellowstone Partners LLC’s investment portfolio, making the stock its 2nd largest holding.
Several other hedge funds and other institutional investors also recently made changes to their positions in JPM. Private Vista LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter worth about $102,000. Kohmann Bosshard Financial Services LLC purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $102,000. Welch Investments LLC purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $103,000. Legacy Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $106,000. Finally, Atlantic Trust LLC purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $136,000. Hedge funds and other institutional investors own 74.47% of the company’s stock.
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 16,434 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total value of $1,844,223.48. Following the sale, the insider now directly owns 98,811 shares in the company, valued at approximately $11,088,570.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Scher sold 26,532 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $113.42, for a total transaction of $3,009,259.44. The disclosure for this sale can be found here. Insiders sold a total of 152,047 shares of company stock worth $17,098,115 over the last quarter. Corporate insiders own 0.88% of the company’s stock.
JPMorgan Chase & Co. (NYSE JPM) traded up $0.44 on Tuesday, reaching $114.97. 6,293,980 shares of the company traded hands, compared to its average volume of 15,622,171. The company has a market cap of $396,185.34, a P/E ratio of 18.25, a PEG ratio of 1.95 and a beta of 1.18. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $119.33. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.01 and a current ratio of 1.01.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The company had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. During the same period last year, the firm earned $1.71 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 3.3% on a year-over-year basis. equities analysts anticipate that JPMorgan Chase & Co. will post 8.9 earnings per share for the current year.
Several research firms have commented on JPM. Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday. Nomura increased their price objective on shares of JPMorgan Chase & Co. from $113.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. BMO Capital Markets increased their price objective on shares of JPMorgan Chase & Co. from $110.00 to $111.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. Vetr upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $111.60 price objective for the company in a research note on Thursday, March 8th. Finally, Credit Suisse Group increased their target price on shares of JPMorgan Chase & Co. from $125.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $111.03.
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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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