2 weeks Ago By ABMN Staff
Cornerstone Investment Partners LLC reduced its holdings in shares of JPMorgan Chase & Co. ( NYSE:JPM ) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The firm owned 180,669 shares of the financial services provider’s stock after selling 664 shares during the quarter. JPMorgan Chase & Co. makes up about 2.
2% of Cornerstone Investment Partners LLC’s holdings, making the stock its 22nd largest position. Cornerstone Investment Partners LLC’s holdings in JPMorgan Chase & Co. were worth $43,308,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in JPMorgan Chase & Co. by 0.
9% during the third quarter. Geode Capital Management LLC now owns 58,344,186 shares of the financial services provider’s stock valued at $12,258,346,000 after buying an additional 505,830 shares during the period. Charles Schwab Investment Management Inc.
lifted its stake in shares of JPMorgan Chase & Co. by 0.4% in the 4th quarter.
Charles Schwab Investment Management Inc. now owns 20,103,063 shares of the financial services provider’s stock valued at $4,818,905,000 after acquiring an additional 71,122 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of JPMorgan Chase & Co.
by 3.7% in the 4th quarter. Fisher Asset Management LLC now owns 17,401,436 shares of the financial services provider’s stock valued at $4,171,298,000 after acquiring an additional 617,164 shares during the last quarter.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of JPMorgan Chase & Co. by 2.0% in the 3rd quarter.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,084,919 shares of the financial services provider’s stock valued at $3,180,806,000 after acquiring an additional 302,592 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in JPMorgan Chase & Co.
by 7.2% during the 3rd quarter. Franklin Resources Inc.
now owns 15,073,193 shares of the financial services provider’s stock valued at $3,338,955,000 after purchasing an additional 1,016,289 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at JPMorgan Chase & Co. In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of the company’s stock in a transaction that occurred on Thursday, February 20th.
The stock was sold at an average price of $269.85, for a total value of $1,153,069.05.
Following the completion of the transaction, the chief operating officer now owns 54,469 shares in the company, valued at $14,698,459.65. This represents a 7.
27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Also, CEO Troy L.
Rohrbaugh sold 37,500 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.
00. Following the completion of the transaction, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04.
The trade was a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold 46,326 shares of company stock valued at $12,448,445 in the last 90 days. 0.79% of the stock is currently owned by insiders.
JPMorgan Chase & Co. Stock Up 3.4 % JPMorgan Chase & Co.
( NYSE:JPM – Get Free Report ) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.
03 by $0.78. JPMorgan Chase & Co.
had a net margin of 20.96% and a return on equity of 16.99%.
The firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion.
During the same period last year, the firm posted $3.04 EPS. JPMorgan Chase & Co.
’s quarterly revenue was up 10.9% on a year-over-year basis. Research analysts expect that JPMorgan Chase & Co.
will post 18.1 earnings per share for the current fiscal year. Analysts Set New Price Targets JPM has been the topic of a number of research analyst reports.
Robert W. Baird upgraded JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $215.
00 to $220.00 in a report on Friday, March 7th. Wolfe Research raised JPMorgan Chase & Co.
from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research report on Friday, January 3rd. Baird R W raised JPMorgan Chase & Co.
from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th.
Finally, Citigroup upped their price objective on JPMorgan Chase & Co. from $215.00 to $250.
00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.
com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $252.89. Read Our Latest Research Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Profile ( Free Report ) JPMorgan Chase & Co is a financial holding company, which engages in the provision of 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 Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. ( NYSE:JPM – Free Report ).
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