2 weeks Ago By Defense World Staff
WoodTrust Financial Corp lessened its stake in JPMorgan Chase & Co. ( NYSE:JPM – Free Report ) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The fund 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 holdings, making the stock its 11th largest holding. WoodTrust Financial Corp’s holdings in JPMorgan Chase & Co. were worth $19,189,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of JPM. Principal Financial Group Inc. increased its holdings in JPMorgan Chase & Co.
by 3.2% during the 3rd quarter. Principal Financial Group Inc.
now owns 5,824,289 shares of the financial services provider’s stock valued at $1,228,110,000 after purchasing an additional 182,648 shares during the period. United Bank increased its holdings in JPMorgan Chase & Co. by 2.
5% during the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider’s stock valued at $5,346,000 after purchasing an additional 614 shares during the period. RKL Wealth Management LLC increased its holdings in JPMorgan Chase & Co.
by 1.1% during the 3rd quarter. RKL Wealth Management LLC now owns 19,512 shares of the financial services provider’s stock valued at $4,114,000 after purchasing an additional 207 shares during the period.
Mach 1 Financial Group LLC grew its holdings in shares of JPMorgan Chase & Co. by 12.5% during the 3rd quarter.
Mach 1 Financial Group LLC now owns 4,369 shares of the financial services provider’s stock worth $921,000 after acquiring an additional 485 shares during the period. Finally, Covestor Ltd grew its holdings in shares of JPMorgan Chase & Co. by 13.
8% during the 3rd quarter. Covestor Ltd now owns 1,461 shares of the financial services provider’s stock worth $309,000 after acquiring an additional 177 shares during the period. Institutional investors own 71.
55% of the company’s stock. Analyst Ratings Changes A number of research analysts have weighed in on the company. Citigroup upped their target price on JPMorgan Chase & Co.
from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th.
UBS Group upped their target price on JPMorgan Chase & Co. from $276.00 to $287.
00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Barclays upped their target price on JPMorgan Chase & Co. from $304.
00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Robert W.
Baird upgraded JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $215.00 to $220.
00 in a report on Friday, March 7th. Finally, Piper Sandler upped their target price on JPMorgan Chase & Co. from $240.
00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company.
According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $252.89. JPMorgan Chase & Co.
Stock Up 3.4 % Shares of NYSE JPM opened at $232.94 on Friday.
The company has a 50 day simple moving average of $258.29 and a 200-day simple moving average of $238.70.
The company has a market capitalization of $651.31 billion, a P/E ratio of 11.80, a P/E/G ratio of 2.
83 and a beta of 1.10. The company has a debt-to-equity ratio of 1.
24, a current ratio of 0.88 and a quick ratio of 0.89.
JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.
25. JPMorgan Chase & Co. ( NYSE:JPM – Get Free Report ) last posted its quarterly earnings data on Wednesday, January 15th.
The financial services provider reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $41.90 billion. During the same quarter last year, the company posted $3.
04 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis.
On average, equities research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.
Insider Activity In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th.
The shares were sold at an average price of $269.84, for a total value of $10,119,000.00.
Following the sale, the chief executive officer now owns 158,381 shares of the company’s stock, valued at $42,737,529.04. The trade was a 19.
14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co.
stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.
50. Following the completion of the sale, the insider now directly owns 50,377 shares in the company, valued at approximately $13,606,323.93.
The trade was a 2.42 % decrease in their position. The disclosure for this sale can be found here .
In the last three months, insiders have sold 46,326 shares of company stock worth $12,448,445. 0.79% of the stock is currently owned by corporate insiders.
JPMorgan Chase & Co. Company 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.
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