2 weeks Ago By Defense World Staff
Parthenon LLC reduced its stake in shares of JPMorgan Chase & Co. ( NYSE:JPM – Free Report ) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC.
The institutional investor owned 44,339 shares of the financial services provider’s stock after selling 860 shares during the quarter. JPMorgan Chase & Co. accounts for 1.
1% of Parthenon LLC’s holdings, making the stock its 26th biggest holding. Parthenon LLC’s holdings in JPMorgan Chase & Co. were worth $8,968,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Gilbert & Cook Inc. boosted its holdings in shares of JPMorgan Chase & Co.
by 1.5% in the 4th quarter. Gilbert & Cook Inc.
now owns 11,360 shares of the financial services provider’s stock valued at $1,932,000 after purchasing an additional 164 shares in the last quarter. Aveo Capital Partners LLC boosted its stake in JPMorgan Chase & Co. by 13.
0% in the fourth quarter. Aveo Capital Partners LLC now owns 5,151 shares of the financial services provider’s stock valued at $876,000 after buying an additional 591 shares in the last quarter. Gryphon Financial Partners LLC grew its position in JPMorgan Chase & Co.
by 66.9% in 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 acquiring an additional 10,025 shares during the last quarter.
Atlantic Edge Private Wealth Management LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth about $2,865,000. Finally, Private Wealth Management Group LLC bought a new position in shares of JPMorgan Chase & Co.
in the fourth quarter worth about $390,000. Institutional investors own 71.55% of the company’s stock.
JPMorgan Chase & Co. Stock Up 0.8 % Shares of JPMorgan Chase & Co.
stock opened at $209.50 on Wednesday. The stock’s 50-day moving average is $211.
43 and its 200 day moving average is $201.36. JPMorgan Chase & Co.
has a one year low of $135.19 and a one year high of $225.48.
The firm has a market cap of $601.61 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 2.
33 and a beta of 1.12. The company has a debt-to-equity ratio of 1.
24, a current ratio of 0.91 and a quick ratio of 0.91.
Analysts Set New Price Targets Several equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $219.
00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Barclays upped their price target on shares of JPMorgan Chase & Co.
from $212.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, July 15th.
Wells Fargo & Company raised their price objective on JPMorgan Chase & Co. from $220.00 to $225.
00 and gave the company an “overweight” rating in a report on Monday, July 15th. Jefferies Financial Group upped their target price on JPMorgan Chase & Co. from $230.
00 to $239.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Finally, Morgan Stanley cut their price target on JPMorgan Chase & Co.
from $226.00 to $220.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th.
Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $211.06.
View Our Latest Report on JPM About JPMorgan Chase & Co. ( 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 Five stocks we like better than JPMorgan Chase & Co. What Are Dividend Champions? How to Invest in the Champions Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? How to Calculate Retirement Income: MarketBeat’s Calculator Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge What is MarketRankTM? How to Use it Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Receive News & Ratings for JPMorgan Chase & Co.
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