2 weeks Ago By ABMN Staff
Assetmark Inc. increased its stake in JPMorgan Chase & Co. ( NYSE:JPM ) by 10.
1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 614,566 shares of the financial services provider’s stock after acquiring an additional 56,588 shares during the quarter. Assetmark Inc.
’s holdings in JPMorgan Chase & Co. were worth $147,318,000 at the end of the most recent reporting period. Other large investors also recently added to or reduced their stakes in the company.
DDD Partners LLC boosted its stake in JPMorgan Chase & Co. by 2.8% during the fourth quarter.
DDD Partners LLC now owns 1,416 shares of the financial services provider’s stock worth $339,000 after buying an additional 38 shares during the period. Rappaport Reiches Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 3.
8% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 1,068 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 39 shares during the period. Yoder Wealth Management Inc.
boosted its stake in shares of JPMorgan Chase & Co. by 2.8% in the fourth quarter.
Yoder Wealth Management Inc. now owns 1,436 shares of the financial services provider’s stock valued at $344,000 after purchasing an additional 39 shares during the period. Almanack Investment Partners LLC.
boosted its stake in shares of JPMorgan Chase & Co. by 0.8% in the fourth quarter.
Almanack Investment Partners LLC. now owns 5,143 shares of the financial services provider’s stock valued at $1,233,000 after purchasing an additional 39 shares during the period. Finally, Powers Advisory Group LLC boosted its stake in shares of JPMorgan Chase & Co.
by 0.7% in the fourth quarter. Powers Advisory Group LLC now owns 6,131 shares of the financial services provider’s stock valued at $1,470,000 after purchasing an additional 42 shares during the period.
71.55% of the stock is currently owned by institutional investors and hedge funds. Insider Transactions at JPMorgan Chase & Co.
In other news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.
82. Following the transaction, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80.
This trade represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link .
Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was 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. This trade represents a 19.14 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Over the last ninety days, insiders have sold 46,326 shares of company stock worth $12,448,445. Insiders own 0.
79% of the company’s stock. JPMorgan Chase & Co. Stock Up 3.
4 % JPMorgan Chase & Co. ( NYSE:JPM – Get Free Report ) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.
81 earnings per share for the quarter, topping 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 company had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.
90 billion. During the same quarter last year, the company earned $3.04 earnings per share.
The firm’s revenue for the quarter 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. Analyst Ratings Changes Several research analysts have recently commented on the stock.
Piper Sandler raised their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.
00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. UBS Group raised their price objective on shares of JPMorgan Chase & Co. from $276.
00 to $287.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Wolfe Research raised shares of JPMorgan Chase & Co.
from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research note on Friday, January 3rd. Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co.
from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, November 15th.
Finally, Citigroup raised their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.
00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.
com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $252.89. Read Our Latest Research Report on JPMorgan Chase & Co.
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.
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