4 hours Ago By ABMN Staff
Carrera Capital Advisors lifted its position in shares of JPMorgan Chase & Co. ( NYSE:JPM ) by 11.4% during the fourth quarter, HoldingsChannel reports.
The fund owned 4,786 shares of the financial services provider’s stock after acquiring an additional 489 shares during the quarter. Carrera Capital Advisors’ holdings in JPMorgan Chase & Co. were worth $1,147,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Mizuho Securities Co. Ltd.
purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $25,000. Midwest Capital Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co.
in the fourth quarter valued at about $43,000. Peterson Financial Group Inc. purchased a new stake in shares of JPMorgan Chase & Co.
in the third quarter valued at about $45,000. Legacy Investment Solutions LLC purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $45,000.
Finally, Collier Financial purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $45,000. 71.
55% of the stock is currently owned by institutional investors and hedge funds. JPMorgan Chase & Co. Stock Up 3.
4 % JPMorgan Chase & Co. stock opened at $232.94 on Friday.
The stock has a market cap of $651.31 billion, a P/E ratio of 11.80, a P/E/G ratio of 2.
83 and a beta of 1.10. The company has a quick ratio of 0.
89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.
JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.
25. The company’s 50-day moving average price is $258.29 and its two-hundred day moving average price is $238.
70. Wall Street Analyst Weigh In Several equities analysts recently issued reports on the stock. Oppenheimer downgraded shares of JPMorgan Chase & Co.
from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Wolfe Research raised shares of 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 note on Friday, January 3rd. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $304.
00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Citigroup upped their price objective on shares of JPMorgan Chase & Co.
from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th.
Finally, Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $215.
00 to $220.00 in a research note on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock.
According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $252.
89. Get Our Latest Analysis on JPMorgan Chase & Co. Insider Activity at JPMorgan Chase & Co.
In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 20th.
The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00.
Following the transaction, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website . Also, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co.
stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.
05. Following the transaction, the chief operating officer now owns 54,469 shares in the company, valued at approximately $14,698,459.65.
This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here .
Insiders have sold 46,326 shares of company stock valued at $12,448,445 over the last three months. 0.79% of the stock is owned by insiders.
JPMorgan Chase & Co. Company 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.
Recommended Stories 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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