3 hours Ago By Defense World Staff
Cypress Capital Group lowered its position in shares of JPMorgan Chase & Co. ( NYSE:JPM ) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC.
The firm owned 69,404 shares of the financial services provider’s stock after selling 1,360 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.
0% of Cypress Capital Group’s investment portfolio, making the stock its 8th biggest holding. Cypress Capital Group’s holdings in JPMorgan Chase & Co. were worth $16,637,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in JPM. Crew Capital Management Ltd. grew its position in JPMorgan Chase & Co.
by 0.8% in the fourth quarter. Crew Capital Management Ltd.
now owns 6,317 shares of the financial services provider’s stock valued at $1,514,000 after purchasing an additional 50 shares in the last quarter. Disciplined Investments LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at $217,000.
Jag Capital Management LLC grew its position in JPMorgan Chase & Co. by 10.5% in the fourth quarter.
Jag Capital Management LLC now owns 1,474 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 140 shares in the last quarter. Mainstream Capital Management LLC grew its position in JPMorgan Chase & Co. by 0.
7% in the fourth quarter. Mainstream Capital Management LLC now owns 8,263 shares of the financial services provider’s stock valued at $1,981,000 after purchasing an additional 61 shares in the last quarter. Finally, Alley Investment Management Company LLC grew its position in JPMorgan Chase & Co.
by 1.0% in the fourth quarter. Alley Investment Management Company LLC now owns 129,246 shares of the financial services provider’s stock valued at $30,982,000 after purchasing an additional 1,290 shares in the last quarter.
Institutional investors and hedge funds own 71.55% of the company’s stock. Wall Street Analyst Weigh In A number of research analysts recently weighed in on JPM shares.
Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and raised their target price for the company from $215.
00 to $220.00 in a research report on Friday, March 7th. Keefe, Bruyette & Woods increased their price target on shares of JPMorgan Chase & Co.
from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th.
Baird R W upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. Barclays increased their price target 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.
Finally, Bank of America increased their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.
00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $252.
89. Insider Buying and Selling In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of the firm’s 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 completion of the transaction, the chief operating officer now owns 54,469 shares of the company’s stock, valued at approximately $14,698,459.65. This trade represents a 7.
27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link . Also, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction on Thursday, February 20th.
The shares were sold at an average price of $270.09, for a total value of $337,612.50.
Following the transaction, the insider now directly owns 50,377 shares of the company’s stock, valued at $13,606,323.93. This represents a 2.
42 % decrease in their position. The disclosure for this sale can be found here . Insiders sold 46,326 shares of company stock valued at $12,448,445 over the last quarter.
0.79% of the stock is owned by company insiders. JPMorgan Chase & Co.
Stock Up 3.4 % Shares of NYSE JPM opened at $232.94 on Friday.
JPMorgan Chase & Co. has a one year low of $179.20 and a one year high of $280.
25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.
88 and a quick ratio of 0.89. The firm’s 50 day simple moving average is $258.
29 and its two-hundred day simple moving average is $238.70. The stock has a market capitalization of $651.
31 billion, a P/E ratio of 11.80, a PEG ratio of 2.83 and a beta of 1.
10. JPMorgan Chase & Co. ( NYSE:JPM – Get Free Report ) last issued its earnings results on Wednesday, January 15th.
The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $41.90 billion. During the same quarter last year, the business earned $3.
04 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis.
As a group, analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.
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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com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. ( NYSE:JPM – Free Report ). Receive News & Ratings for JPMorgan Chase & Co.
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