Plancorp LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 17.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,803 shares of the financial services provider’s stock after selling 1,398 shares during the quarter. Plancorp LLC’s holdings in JPMorgan Chase & Co. were worth $886,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in JPM. Adirondack Retirement Specialists Inc. grew its stake in shares of JPMorgan Chase & Co. by 510.8% during the first quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 189 shares during the last quarter. Nordwand Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $30,000. Boulder Wealth Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $43,000. Sageworth Trust Co grew its stake in shares of JPMorgan Chase & Co. by 266.7% during the first quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 296 shares during the last quarter. Finally, Freedom Wealth Alliance LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $60,000. 70.10% of the stock is owned by institutional investors.
JPMorgan Chase & Co. Stock Down 0.1 %
JPM opened at $147.19 on Friday. The stock’s fifty day simple moving average is $149.60 and its 200 day simple moving average is $141.06. The stock has a market cap of $427.75 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 1.89 and a beta of 1.10. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.28. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $159.38.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings data on Friday, July 14th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.75. The business had revenue of $42.40 billion during the quarter, compared to analysts’ expectations of $38.66 billion. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. The firm’s quarterly revenue was up 34.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.76 EPS. As a group, research analysts expect that JPMorgan Chase & Co. will post 15.57 earnings per share for the current year.
Insider Buying and Selling
In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 2,482 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $141.39, for a total value of $350,929.98. Following the completion of the transaction, the insider now directly owns 41,333 shares in the company, valued at approximately $5,844,072.87. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 2,482 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $141.39, for a total value of $350,929.98. Following the completion of the transaction, the insider now directly owns 41,333 shares in the company, valued at approximately $5,844,072.87. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 4,310 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $157.16, for a total transaction of $677,359.60. Following the completion of the sale, the general counsel now directly owns 57,735 shares in the company, valued at $9,073,632.60. The disclosure for this sale can be found here. Insiders sold a total of 13,593 shares of company stock worth $1,992,388 in the last three months. 0.79% of the stock is owned by corporate insiders.
Analyst Ratings Changes
JPM has been the topic of several analyst reports. Citigroup lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a report on Wednesday, July 12th. Barclays increased their target price on shares of JPMorgan Chase & Co. from $179.00 to $182.00 in a report on Sunday, July 16th. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 target price on the stock in a report on Friday, July 7th. Finally, Societe Generale lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Seven 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 stock currently has an average rating of “Moderate Buy” and an average price target of $165.89.
View Our Latest Analysis on JPMorgan Chase & Co.
JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.
See Also
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