Great West Life Assurance Co. Can reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,806,980 shares of the financial services provider’s stock after selling 124,679 shares during the period. JPMorgan Chase & Co. makes up approximately 0.9% of Great West Life Assurance Co. Can’s investment portfolio, making the stock its 16th biggest position. Great West Life Assurance Co. Can owned about 0.11% of JPMorgan Chase & Co. worth $362,601,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of JPM. Private Vista LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter worth about $102,000. Kohmann Bosshard Financial Services LLC purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $102,000. Welch Investments LLC purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $103,000. Legacy Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $106,000. Finally, Atlantic Trust LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $136,000. Institutional investors and hedge funds own 74.59% of the company’s stock.
In related news, Director James S. Crown bought 7,280 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was purchased at an average price of $113.37 per share, for a total transaction of $825,333.60. Following the completion of the transaction, the director now owns 305,875 shares in the company, valued at $34,677,048.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 17,729 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $112.33, for a total transaction of $1,991,498.57. Following the transaction, the general counsel now owns 21,260 shares of the company’s stock, valued at approximately $2,388,135.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 152,047 shares of company stock valued at $17,098,115. Corporate insiders own 0.88% of the company’s stock.
Shares of JPMorgan Chase & Co. (JPM) traded down $0.38 during mid-day trading on Monday, reaching $117.66. 12,095,960 shares of the company’s stock were exchanged, compared to its average volume of 16,960,000. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $119.33. The stock has a market capitalization of $408,250.00, a PE ratio of 17.13, a P/E/G ratio of 1.99 and a beta of 1.18. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.24.
JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.71 earnings per share. sell-side analysts predict that JPMorgan Chase & Co. will post 8.9 earnings per share for the current year.
Several equities research analysts have recently issued reports on JPM shares. Wells Fargo & Co set a $120.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Morgan Stanley raised their price target on shares of JPMorgan Chase & Co. from $128.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Barclays raised their price target on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Finally, Societe Generale downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus target price of $110.82.
JPMorgan 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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