3 days Ago By ABMN Staff
Team Hewins LLC reduced its position in shares of JPMorgan Chase & Co. ( NYSE:JPM – Free Report ) by 95.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor owned 1,103 shares of the financial services provider’s stock after selling 25,470 shares during the period. Team Hewins LLC’s holdings in JPMorgan Chase & Co. were worth $223,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in JPM. Gilbert & Cook Inc. increased its stake in shares of JPMorgan Chase & Co.
by 1.5% in the fourth quarter. Gilbert & Cook Inc.
now owns 11,360 shares of the financial services provider’s stock worth $1,932,000 after buying an additional 164 shares during the last quarter. Aveo Capital Partners LLC increased its stake in JPMorgan Chase & Co. by 13.
0% during the fourth quarter. Aveo Capital Partners LLC now owns 5,151 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 591 shares during the last quarter. Gryphon Financial Partners LLC increased its stake in JPMorgan Chase & Co.
by 66.9% during the fourth quarter. Gryphon Financial Partners LLC now owns 25,004 shares of the financial services provider’s stock valued at $4,238,000 after purchasing an additional 10,025 shares during the last quarter.
Core Wealth Partners LLC grew its position in shares of JPMorgan Chase & Co. by 2.0% during the fourth quarter.
Core Wealth Partners LLC now owns 5,807 shares of the financial services provider’s stock worth $988,000 after acquiring an additional 115 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of JPMorgan Chase & Co. by 0.
7% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,763,717 shares of the financial services provider’s stock worth $300,008,000 after acquiring an additional 12,070 shares during the last quarter. 71.
55% of the stock is owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Several equities research analysts recently weighed in on JPM shares. Wolfe Research downgraded shares of JPMorgan Chase & Co.
from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. StockNews.com upgraded JPMorgan Chase & Co.
from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Piper Sandler boosted their price objective on JPMorgan Chase & Co. from $220.
00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Keefe, Bruyette & Woods upped their target price on JPMorgan Chase & Co.
from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Tuesday, July 9th.
Finally, Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $220.00 to $225.
00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.
com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.06.
JPMorgan Chase & Co. Trading Down 1.1 % Shares of JPMorgan Chase & Co.
stock opened at $204.32 on Monday. The company’s fifty day simple moving average is $211.
34 and its 200-day simple moving average is $201.04. The company has a market cap of $586.
74 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 2.33 and a beta of 1.
12. The company has a current ratio of 0.91, a quick ratio of 0.
91 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co.
has a 1 year low of $135.19 and a 1 year high of $225.48.
JPMorgan Chase & Co. ( NYSE:JPM – Get Free Report ) last posted its quarterly earnings results 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 firm had revenue of $50.80 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company earned $4.37 earnings per share.
As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 16.78 EPS for the current year.
JPMorgan Chase & Co. Company 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. See Also Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co.
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