2 weeks Ago By Defense World Staff
Beverly Hills Private Wealth LLC decreased its position in JPMorgan Chase & Co. ( NYSE:JPM – Free Report ) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 44,791 shares of the financial services provider’s stock after selling 1,139 shares during the quarter. JPMorgan Chase & Co. accounts for 2.
0% of Beverly Hills Private Wealth LLC’s portfolio, making the stock its 5th biggest holding. Beverly Hills Private Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $9,060,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. PFG Advisors increased its position in JPMorgan Chase & Co. by 1.
7% in the second quarter. PFG Advisors now owns 37,494 shares of the financial services provider’s stock worth $7,584,000 after purchasing an additional 623 shares during the last quarter. Achmea Investment Management B.
V. increased its holdings in shares of JPMorgan Chase & Co. by 21.
3% in the 2nd quarter. Achmea Investment Management B.V.
now owns 290,666 shares of the financial services provider’s stock worth $58,790,000 after buying an additional 50,993 shares during the last quarter. Jupiter Asset Management Ltd. raised its position in shares of JPMorgan Chase & Co.
by 13.5% during the 2nd quarter. Jupiter Asset Management Ltd.
now owns 235,360 shares of the financial services provider’s stock valued at $47,604,000 after buying an additional 27,914 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of JPMorgan Chase & Co.
by 0.6% in the 2nd quarter. American Century Companies Inc.
now owns 4,287,481 shares of the financial services provider’s stock valued at $867,186,000 after acquiring an additional 25,632 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its position in JPMorgan Chase & Co.
by 15.4% in the second quarter. Bahl & Gaynor Inc.
now owns 1,933,591 shares of the financial services provider’s stock worth $391,088,000 after acquiring an additional 258,603 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes A number of brokerages have issued reports on JPM. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co.
in a research report on Tuesday, September 3rd. Citigroup raised their price target on JPMorgan Chase & Co. from $205.
00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Robert W.
Baird boosted their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.
00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Morgan Stanley lowered their target price on shares of JPMorgan Chase & Co. from $226.
00 to $220.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Finally, Jefferies Financial Group upped their price target on shares of JPMorgan Chase & Co.
from $230.00 to $239.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd.
Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $211.06.
JPMorgan Chase & Co. Trading Up 0.8 % Shares of NYSE JPM opened at $209.
50 on Wednesday. JPMorgan Chase & Co. has a twelve month low of $135.
19 and a twelve month high of $225.48. The firm has a market cap of $601.
61 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 2.33 and a beta of 1.
12. The business has a fifty day simple moving average of $211.43 and a two-hundred day simple moving average of $201.
36. The company has a quick ratio of 0.91, a current ratio of 0.
91 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co.
( NYSE:JPM – Get Free Report ) last released its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping analysts’ consensus estimates of $4.
19 by $1.93. The company had revenue of $50.
80 billion during the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co.
had a net margin of 20.32% and a return on equity of 17.26%.
During the same period in the prior year, the firm earned $4.37 earnings per share. Analysts expect that JPMorgan Chase & Co.
will post 16.78 earnings per share for the current fiscal year. JPMorgan Chase & Co.
Profile ( Free Report ) 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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.
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