4 hours Ago By Defense World Staff
Abbot Financial Management Inc. lessened its holdings in JPMorgan Chase & Co. ( NYSE:JPM ) by 0.
6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,034 shares of the financial services provider’s stock after selling 198 shares during the period. JPMorgan Chase & Co.
accounts for approximately 3.7% of Abbot Financial Management Inc.’s portfolio, making the stock its 4th largest holding.
Abbot Financial Management Inc.’s holdings in JPMorgan Chase & Co. were worth $7,439,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. LGT Group Foundation lifted its stake in shares of JPMorgan Chase & Co. by 2.
8% during the fourth quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider’s stock valued at $126,040,000 after buying an additional 14,300 shares during the period. Kinsale Capital Group Inc.
lifted its stake in shares of JPMorgan Chase & Co. by 11.1% during the fourth quarter.
Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider’s stock valued at $10,483,000 after buying an additional 4,375 shares during the period. JPMorgan Chase & Co.
lifted its stake in shares of JPMorgan Chase & Co. by 7.7% during the third quarter.
JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider’s stock valued at $938,491,000 after buying an additional 319,730 shares during the period. Kingsview Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co.
by 2.5% during the third quarter. Kingsview Wealth Management LLC now owns 118,095 shares of the financial services provider’s stock valued at $24,902,000 after buying an additional 2,839 shares during the period.
Finally, Brighton Jones LLC lifted its stake in shares of JPMorgan Chase & Co. by 11.0% during the fourth quarter.
Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after buying an additional 4,841 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.
Analysts Set New Price Targets JPM has been the topic of several recent analyst reports. UBS Group upped 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. Baird R W raised shares of JPMorgan Chase & Co.
from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $215.
00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Piper Sandler increased their price target on shares of JPMorgan Chase & Co.
from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd.
Finally, Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $215.
00 to $220.00 in a research note on Friday, March 7th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company.
According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $252.
89. JPMorgan Chase & Co. Price Performance JPMorgan Chase & Co.
stock opened at $232.94 on Friday. JPMorgan Chase & Co.
has a 52-week low of $179.20 and a 52-week high of $280.25.
The firm has a fifty day moving average of $258.29 and a 200-day moving average of $238.70.
The firm 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. 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. ( NYSE:JPM – Get Free Report ) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.
81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78.
The business had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion.
JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.
99%. The business’s revenue was up 10.9% on a year-over-year basis.
During the same period last year, the business earned $3.04 EPS. As a group, analysts predict that JPMorgan Chase & Co.
will post 18.1 EPS for the current year. Insider Activity at JPMorgan Chase & Co.
In other news, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $13,606,323.93.
This trade represents a 2.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website .
Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm’s stock in a transaction dated 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 completion of 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 disclosure for this sale can be found here . In the last three months, insiders sold 46,326 shares of company stock valued at $12,448,445. Corporate insiders own 0.
79% of the company’s stock. JPMorgan Chase & Co. 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. Featured Stories Five stocks we like better than JPMorgan Chase & Co. What is a buyback in stocks? A comprehensive guide for investors Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead Industrial Products Stocks Investing How Super Micro Computer Stock Is Defying the Market Sell-Off Unveiling The Power Of VWAP: A Key Indicator For Traders AppLovin vs.
HPE: Which Tech Stock Can Bounce Back Faster? 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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