1 week Ago By ABMN Staff
Klingenstein Fields & Co. LP cut its stake in JPMorgan Chase & Co. ( NYSE:JPM ) by 0.
8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,415 shares of the financial services provider’s stock after selling 1,644 shares during the period. JPMorgan Chase & Co.
makes up about 1.8% of Klingenstein Fields & Co. LP’s portfolio, making the stock its 15th biggest holding.
Klingenstein Fields & Co. LP’s holdings in JPMorgan Chase & Co. were worth $42,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently modified their holdings of JPM. Retirement Group LLC increased its stake in JPMorgan Chase & Co. by 227.
1% in the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 109 shares during the last quarter. Richardson Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co.
in the 1st quarter valued at $34,000. Anfield Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $34,000.
Partnership Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $36,000. Finally, Davidson Capital Management Inc.
bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth $37,000. 71.
55% of the stock is currently owned by institutional investors. Insider Transactions at JPMorgan Chase & Co. In other news, insider Ashley Bacon sold 5,086 shares of the stock in a transaction dated Monday, June 10th.
The shares were sold at an average price of $199.54, for a total value of $1,014,860.44.
Following the completion of the sale, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website .
Company insiders own 0.79% of the company’s stock. Wall Street Analysts Forecast Growth View Our Latest Analysis on JPMorgan Chase & Co.
JPMorgan Chase & Co. Trading Down 2.4 % NYSE:JPM opened at $212.
46 on Friday. JPMorgan Chase & Co. has a 12 month low of $135.
19 and a 12 month high of $225.48. The company has a current ratio of 0.
91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24.
The stock has a market capitalization of $610.11 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 2.
62 and a beta of 1.12. The firm has a fifty day simple moving average of $211.
25 and a two-hundred day simple moving average of $200.04. 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 (EPS) for the quarter, beating the consensus estimate of $4.
19 by $1.93. The business had revenue of $50.
80 billion during 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 last year, the firm posted $4.37 EPS. Analysts expect that JPMorgan Chase & Co.
will post 16.78 EPS for the current fiscal year. JPMorgan Chase & Co.
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.
Read More 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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