Goelzer Investment Management Inc. lowered its holdings in shares of JPMorgan Chase Co. (NYSE:JPM) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,471 shares of the financial services provider’s stock after selling 301 shares during the quarter. Goelzer Investment Management Inc.’s holdings in JPMorgan Chase Co. were worth $5,940,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of JPM. Tiedemann Advisors LLC lifted its stake in JPMorgan Chase Co. by 154.4% in the 3rd quarter. Tiedemann Advisors LLC now owns 56,715 shares of the financial services provider’s stock worth $6,674,000 after purchasing an additional 34,422 shares in the last quarter. Insight Wealth Strategies LLC grew its position in shares of JPMorgan Chase Co. by 3.8% in the third quarter. Insight Wealth Strategies LLC now owns 3,196 shares of the financial services provider’s stock valued at $376,000 after purchasing an additional 116 shares in the last quarter. Rational Advisors LLC grew its position in shares of JPMorgan Chase Co. by 7.9% in the third quarter. Rational Advisors LLC now owns 11,325 shares of the financial services provider’s stock valued at $1,334,000 after purchasing an additional 825 shares in the last quarter. FCA Corp TX increased its holdings in shares of JPMorgan Chase Co. by 13.5% in the third quarter. FCA Corp TX now owns 2,100 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 250 shares during the last quarter. Finally, Harvest Investment Services LLC increased its holdings in shares of JPMorgan Chase Co. by 16.1% in the third quarter. Harvest Investment Services LLC now owns 3,702 shares of the financial services provider’s stock valued at $427,000 after purchasing an additional 512 shares during the last quarter. Institutional investors own 71.89% of the company’s stock.
In other JPMorgan Chase Co. news, CEO Gordon Smith sold 83,289 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $119.98, for a total value of $9,993,014.22. Following the sale, the chief executive officer now owns 393,197 shares of the company’s stock, valued at approximately $47,175,776.06. The transaction was disclosed in a filing with the Securities Exchange Commission, which is available through the SEC website. Also, CEO Daniel E. Pinto sold 64,198 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $130.91, for a total transaction of $8,404,160.18. Following the completion of the sale, the chief executive officer now directly owns 451,481 shares in the company, valued at approximately $59,103,377.71. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,944 shares of company stock valued at $19,088,970. Insiders own 0.76% of the company’s stock.
JPM opened at $135.04 on Friday. The firm has a market cap of $423.55 billion, a P/E ratio of 15.00, a P/E/G ratio of 1.85 and a beta of 1.23. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.26. The business has a fifty day simple moving average of $128.52 and a 200-day simple moving average of $116.37. JPMorgan Chase Co. has a 52 week low of $91.11 and a 52 week high of $135.78.
JPMorgan Chase Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.45 by $0.23. The business had revenue of $29.34 billion for the quarter, compared to analysts’ expectations of $28.36 billion. JPMorgan Chase Co. had a net margin of 24.70% and a return on equity of 14.63%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.34 earnings per share. Sell-side analysts expect that JPMorgan Chase Co. will post 10.17 earnings per share for the current year.
Several research analysts have recently weighed in on the stock. ValuEngine raised shares of JPMorgan Chase Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Royal Bank of Canada lifted their target price on shares of JPMorgan Chase Co. to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Buckingham Research cut shares of JPMorgan Chase Co. from a “buy” rating to a “neutral” rating and set a $122.00 price target for the company. in a research note on Monday, September 16th. They noted that the move was a valuation call. UBS Group lifted their price target on shares of JPMorgan Chase Co. from $131.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Robert W. Baird increased their price objective on JPMorgan Chase Co. from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $123.48.
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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
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