2 weeks Ago By ABMN Staff
Victory Capital Management Inc. reduced its holdings in shares of JPMorgan Chase & Co. ( NYSE:JPM ) by 1.
5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,683,987 shares of the financial services provider’s stock after selling 40,223 shares during the period. JPMorgan Chase & Co.
comprises about 0.6% of Victory Capital Management Inc.’s portfolio, making the stock its 13th biggest holding.
Victory Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $643,378,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JPM. LGT Group Foundation increased its stake in shares of JPMorgan Chase & Co. by 2.
8% in the fourth quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider’s stock worth $126,040,000 after purchasing an additional 14,300 shares in the last quarter. Kinsale Capital Group Inc.
increased its stake in shares of JPMorgan Chase & Co. by 11.1% in the fourth quarter.
Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider’s stock worth $10,483,000 after purchasing an additional 4,375 shares in the last quarter. JPMorgan Chase & Co.
increased its stake in shares of JPMorgan Chase & Co. by 7.7% in the third quarter.
JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider’s stock worth $938,491,000 after purchasing an additional 319,730 shares in the last quarter. Kingsview Wealth Management LLC increased its stake in shares of JPMorgan Chase & Co.
by 2.5% in the third quarter. Kingsview Wealth Management LLC now owns 118,095 shares of the financial services provider’s stock worth $24,902,000 after purchasing an additional 2,839 shares in the last quarter.
Finally, Brighton Jones LLC increased its stake in shares of JPMorgan Chase & Co. by 11.0% in the fourth quarter.
Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after purchasing an additional 4,841 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets A number of analysts have recently issued reports on JPM shares. UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $276.
00 to $287.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Wolfe Research raised shares of JPMorgan Chase & Co.
from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research note on Friday, January 3rd. Wells Fargo & Company upped their target price on shares of JPMorgan Chase & Co.
from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th.
Barclays upped their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.
00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Truist Financial upped their target price on shares of JPMorgan Chase & Co. from $260.
00 to $268.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company.
Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $252.89.
Insider Transactions 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 completion of the sale, the insider now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, COO Jennifer Piepszak sold 4,273 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.
85, for a total transaction of $1,153,069.05. Following the completion of the sale, the chief operating officer now owns 54,469 shares of the company’s stock, valued at $14,698,459.
65. This trade represents a 7.27 % decrease in their position.
The disclosure for this sale can be found here . In the last quarter, insiders sold 46,326 shares of company stock worth $12,448,445. 0.
79% of the stock is currently owned by insiders. JPMorgan Chase & Co. Price Performance JPM 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 company has a quick ratio of 0.
89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.
The company has a fifty day simple moving average of $258.29 and a two-hundred day simple moving average of $238.70.
The firm has a market capitalization of $651.31 billion, a P/E ratio of 11.80, a price-to-earnings-growth ratio of 2.
83 and a beta of 1.10. JPMorgan Chase & Co.
( NYSE:JPM – Get Free Report ) last released its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.
03 by $0.78. The firm 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 quarter last year, the business earned $3.
04 EPS. Analysts anticipate that JPMorgan Chase & Co. will post 18.
1 earnings per share for the current fiscal year. 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 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.
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