GFS Advisors LLC decreased its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,345 shares of the financial services provider’s stock after selling 1,000 shares during the period. GFS Advisors LLC’s holdings in J P Morgan Chase & Co were worth $3,368,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Pacific Center for Financial Services acquired a new stake in shares of J P Morgan Chase & Co during the fourth quarter valued at about $106,000. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of J P Morgan Chase & Co during the fourth quarter valued at about $125,000. Tortoise Investment Management LLC increased its stake in shares of J P Morgan Chase & Co by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock valued at $136,000 after buying an additional 1,283 shares during the period. Horrell Capital Management Inc. increased its stake in shares of J P Morgan Chase & Co by 5.0% in the first quarter. Horrell Capital Management Inc. now owns 1,647 shares of the financial services provider’s stock valued at $145,000 after buying an additional 78 shares during the period. Finally, Wsfs Capital Management LLC acquired a new stake in shares of J P Morgan Chase & Co during the fourth quarter valued at about $204,000. 74.84% of the stock is currently owned by institutional investors.
Shares of J P Morgan Chase & Co (JPM) traded up 0.40% during midday trading on Friday, reaching $91.89. The company’s stock had a trading volume of 11,794,644 shares. The company has a market capitalization of $323.31 billion, a P/E ratio of 13.56 and a beta of 1.19. The stock’s 50-day moving average is $92.15 and its 200-day moving average is $88.91. J P Morgan Chase & Co has a one year low of $65.11 and a one year high of $95.22.
J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The firm had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same period in the prior year, the company earned $1.55 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. On average, equities analysts expect that J P Morgan Chase & Co will post $6.81 earnings per share for the current fiscal year.
Several analysts recently issued reports on JPM shares. Vetr downgraded J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 target price on the stock. in a research note on Monday, May 15th. UBS AG reissued a “buy” rating and set a $101.00 target price on shares of J P Morgan Chase & Co in a research note on Monday, May 15th. BidaskClub raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Deutsche Bank AG reissued a “buy” rating on shares of J P Morgan Chase & Co in a research note on Monday, July 3rd. Finally, Bank of America Corporation reissued a “buy” rating and set a $99.00 target price on shares of J P Morgan Chase & Co in a research note on Monday, July 17th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $85.72.
In related news, insider Nicole Giles sold 1,000 shares of the company’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the completion of the sale, the insider now directly owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Marianne Lake sold 17,596 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,564 shares of company stock valued at $2,605,334. 0.88% of the stock is owned by corporate 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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