2 weeks Ago By ABMN Staff
WoodTrust Financial Corp lowered its stake in shares of JPMorgan Chase & Co. ( NYSE:JPM ) by 0.1% during the fourth quarter, Holdings Channel reports.
The institutional investor owned 80,050 shares of the financial services provider’s stock after selling 56 shares during the period. JPMorgan Chase & Co. comprises about 2.
7% of WoodTrust Financial Corp’s portfolio, making the stock its 11th biggest position. WoodTrust Financial Corp’s holdings in JPMorgan Chase & Co. were worth $19,189,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in JPM. Principal Financial Group Inc. boosted its holdings in JPMorgan Chase & Co.
by 3.2% during the third quarter. Principal Financial Group Inc.
now owns 5,824,289 shares of the financial services provider’s stock worth $1,228,110,000 after buying an additional 182,648 shares in the last quarter. United Bank boosted its holdings in JPMorgan Chase & Co. by 2.
5% during the third quarter. United Bank now owns 25,354 shares of the financial services provider’s stock worth $5,346,000 after buying an additional 614 shares in the last quarter. RKL Wealth Management LLC boosted its holdings in JPMorgan Chase & Co.
by 1.1% during the third quarter. RKL Wealth Management LLC now owns 19,512 shares of the financial services provider’s stock worth $4,114,000 after buying an additional 207 shares in the last quarter.
Mach 1 Financial Group LLC boosted its holdings in JPMorgan Chase & Co. by 12.5% during the third quarter.
Mach 1 Financial Group LLC now owns 4,369 shares of the financial services provider’s stock worth $921,000 after buying an additional 485 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in JPMorgan Chase & Co. by 13.
8% during the third quarter. Covestor Ltd now owns 1,461 shares of the financial services provider’s stock worth $309,000 after buying an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 71.
55% of the company’s stock. Wall Street Analysts Forecast Growth A number of analysts recently commented on the stock. Piper Sandler boosted their price objective on shares of JPMorgan Chase & Co.
from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd.
Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.
00 and gave the company an “overweight” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $257.
00 to $264.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. Bank of America upped their price target on shares of JPMorgan Chase & Co.
from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, January 7th.
Finally, UBS Group upped their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.
00 and gave the company a “buy” rating in a report on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.
com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $252.89. JPMorgan Chase & Co.
Stock Performance Shares of JPM stock opened at $232.94 on Friday. JPMorgan Chase & Co.
has a one year low of $179.20 and a one year high of $280.25.
The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.
88. The company has a 50 day moving average price of $258.29 and a 200 day moving average price of $238.
70. The firm has a market capitalization of $651.31 billion, a price-to-earnings 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 issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.
81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78.
JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.
99%. The firm had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.
90 billion. During the same quarter in the prior year, the business posted $3.04 earnings per share.
JPMorgan Chase & Co.’s revenue for the quarter was up 10.9% compared to the same quarter last year.
Sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.
Insiders Place Their Bets In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 37,500 shares of the business’s stock in a transaction that occurred on Thursday, February 20th.
The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00.
Following the completion of the sale, the chief executive officer now directly owns 158,381 shares in the company, valued at $42,737,529.04. The trade was a 19.
14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction that occurred on Thursday, January 16th.
The stock was sold at an average price of $253.94, for a total transaction of $838,763.82.
Following the sale, the general counsel now owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. This represents a 6.
49 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold a total of 46,326 shares of company stock worth $12,448,445 over the last ninety days.
0.79% of the stock is owned by company insiders. 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 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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