3 days Ago By ABMN Staff
Malaga Cove Capital LLC cut its stake in JPMorgan Chase & Co. ( NYSE:JPM ) by 0.3% during the second quarter, HoldingsChannel reports.
The firm owned 25,689 shares of the financial services provider’s stock after selling 76 shares during the period. JPMorgan Chase & Co. accounts for about 2.
1% of Malaga Cove Capital LLC’s holdings, making the stock its 4th largest position. Malaga Cove Capital LLC’s holdings in JPMorgan Chase & Co. were worth $5,196,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Retirement Group LLC lifted its holdings in shares of JPMorgan Chase & Co. by 227.
1% in the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after buying an additional 109 shares during the period. Richardson Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co.
in the first quarter valued at about $34,000. Anfield Capital Management LLC purchased a new stake in JPMorgan Chase & Co. in the second quarter worth about $34,000.
Davidson Capital Management Inc. bought a new position in JPMorgan Chase & Co. during the 1st quarter worth about $37,000.
Finally, Vermillion & White Wealth Management Group LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 71.
55% of the company’s stock. Analyst Upgrades and Downgrades Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co.
from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th.
Jefferies Financial Group increased their target price on JPMorgan Chase & Co. from $230.00 to $239.
00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $235.00 price target on shares of JPMorgan Chase & Co.
in a research report on Tuesday, September 3rd. Barclays raised their price objective on JPMorgan Chase & Co. from $212.
00 to $217.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co.
from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Tuesday, July 9th.
Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $211.06.
JPMorgan Chase & Co. Stock Performance Shares of JPM opened at $204.32 on Monday.
The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.
91. The stock has a 50-day moving average of $211.34 and a two-hundred day moving average of $201.
04. The stock has a market cap of $586.74 billion, a P/E ratio of 11.
40, a P/E/G ratio of 2.33 and a beta of 1.12.
JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $225.
48. JPMorgan Chase & Co. ( NYSE:JPM – Get Free Report ) last released its earnings results on Friday, July 12th.
The financial services provider reported $6.12 EPS for the quarter, topping analysts’ consensus estimates of $4.19 by $1.
93. JPMorgan Chase & Co. had a return on equity of 17.
26% and a net margin of 20.32%. The firm had revenue of $50.
80 billion during the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter in the previous year, the company posted $4.
37 earnings per share. As a group, research analysts predict that JPMorgan Chase & Co. will post 16.
78 EPS for the current 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. Featured Articles 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 ). Receive News & Ratings for JPMorgan Chase & Co.
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