Packer & Co Ltd lowered its position in J P Morgan Chase & Co (NYSE:JPM) by 3.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 625,005 shares of the financial services provider’s stock after selling 25,000 shares during the period. J P Morgan Chase & Co accounts for about 7.4% of Packer & Co Ltd’s investment portfolio, making the stock its largest position. Packer & Co Ltd’s holdings in J P Morgan Chase & Co were worth $54,900,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Cantab Capital Partners LLP purchased a new position in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $255,000. Sand Hill Global Advisors LLC increased its stake in shares of J P Morgan Chase & Co by 0.9% in the fourth quarter. Sand Hill Global Advisors LLC now owns 69,034 shares of the financial services provider’s stock valued at $5,957,000 after buying an additional 597 shares during the last quarter. Cpcm LLC bought a new stake in shares of J P Morgan Chase & Co during the fourth quarter valued at approximately $2,659,000. Flinton Capital Management LLC bought a new stake in shares of J P Morgan Chase & Co during the fourth quarter valued at approximately $15,681,000. Finally, Marietta Wealth Management LLC bought a new stake in shares of J P Morgan Chase & Co during the fourth quarter valued at approximately $2,099,000. Institutional investors and hedge funds own 74.84% of the company’s stock.
J P Morgan Chase & Co (NYSE JPM) traded down 0.56% during mid-day trading on Thursday, reaching $91.57. 2,876,352 shares of the company traded hands. J P Morgan Chase & Co has a 12-month low of $64.86 and a 12-month high of $95.22. The company’s 50 day moving average price is $92.31 and its 200 day moving average price is $88.65. The firm has a market capitalization of $322.19 billion, a P/E ratio of 13.51 and a beta of 1.19.
J P Morgan Chase & Co (NYSE:JPM) last posted its earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The company had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. During the same quarter in the previous year, the business earned $1.55 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities research analysts predict that J P Morgan Chase & Co will post $6.81 EPS for the current year.
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Several analysts have weighed in on JPM shares. Wells Fargo & Company started coverage on shares of J P Morgan Chase & Co in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $110.00 price objective for the company. Vetr cut shares of J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 target price for the company. in a research report on Monday, May 15th. Zacks Investment Research upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Tuesday, July 18th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of J P Morgan Chase & Co in a research report on Friday, July 21st. Finally, Vining Sparks raised shares of J P Morgan Chase & Co to an “outperform” rating and set a $95.00 price target on the stock in a report on Thursday, April 27th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $85.53.
In related news, CFO Marianne Lake sold 17,596 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $91.58, for a total value of $1,611,441.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nicole Giles sold 1,000 shares of the business’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total value of $91,290.00. Following the completion of the sale, the insider now owns 3,783 shares in the company, valued at approximately $345,350.07. The disclosure for this sale can be found here. 0.85% of the stock is owned by insiders.
J P Morgan Chase & Co Company Profile
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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