Peloton Wealth Strategists lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 35,250 shares of the financial services provider’s stock after selling 1,900 shares during the period. JPMorgan Chase & Co. accounts for approximately 2.6% of Peloton Wealth Strategists’ holdings, making the stock its 6th largest position. Peloton Wealth Strategists’ holdings in JPMorgan Chase & Co. were worth $3,367,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Private Vista LLC acquired a new position in shares of JPMorgan Chase & Co. during the second quarter worth $102,000. Kohmann Bosshard Financial Services LLC acquired a new stake in JPMorgan Chase & Co. in the third quarter valued at $102,000. Welch Investments LLC acquired a new stake in JPMorgan Chase & Co. in the third quarter valued at $103,000. Legacy Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the third quarter valued at $106,000. Finally, Atlantic Trust LLC acquired a new stake in JPMorgan Chase & Co. in the second quarter valued at $136,000. Institutional investors own 74.59% of the company’s stock.
In other news, insider Ashley Bacon sold 16,434 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the transaction, the insider now directly owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James S. Crown bought 7,280 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, January 18th. The shares were acquired at an average cost of $113.37 per share, with a total value of $825,333.60. Following the completion of the acquisition, the director now owns 305,875 shares of the company’s stock, valued at approximately $34,677,048.75. The disclosure for this purchase can be found here. Insiders have sold 152,047 shares of company stock valued at $17,098,115 over the last three months. 0.88% of the stock is owned by corporate insiders.
JPM has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $105.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, November 15th. Wells Fargo & Co set a $120.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Buckingham Research upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Thursday, December 21st. Barclays upped their target price on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, Credit Suisse Group upgraded shares of JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price objective for the company in a research note on Friday, January 5th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $110.82.
JPMorgan Chase & Co. (NYSE:JPM) traded down $0.38 during trading hours on Monday, reaching $117.66. 12,095,960 shares of the company traded hands, compared to its average volume of 16,960,000. JPMorgan Chase & Co. has a 1-year low of $81.64 and a 1-year high of $119.33. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $408,250.00, a price-to-earnings ratio of 17.13, a P/E/G ratio of 1.99 and a beta of 1.18.
JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.07. The firm had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.71 earnings per share. analysts anticipate that JPMorgan Chase & Co. will post 8.9 earnings per share for the current year.
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JPMorgan Chase & Co. 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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