Weatherly Asset Management L. P. Sells 625 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Weatherly Asset Management L. P. lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,658 shares of the financial services provider’s stock after selling 625 shares during the period. Weatherly Asset Management L. P.’s holdings in JPMorgan Chase & Co. were worth $1,697,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of JPMorgan Chase & Co. by 23.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock valued at $3,566,044,000 after buying an additional 5,978,393 shares during the last quarter. Public Investment Fund acquired a new stake in JPMorgan Chase & Co. in the second quarter valued at $433,667,000. Barclays PLC grew its position in shares of JPMorgan Chase & Co. by 77.8% in the 3rd quarter. Barclays PLC now owns 8,071,119 shares of the financial services provider’s stock valued at $843,433,000 after acquiring an additional 3,531,637 shares during the period. Franklin Resources Inc. increased its stake in shares of JPMorgan Chase & Co. by 21.1% during the 2nd quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock worth $2,222,815,000 after purchasing an additional 3,435,522 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of JPMorgan Chase & Co. by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock valued at $28,480,408,000 after purchasing an additional 2,918,554 shares during the period. 67.89% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Royal Bank of Canada set a $130.00 price target on JPMorgan Chase & Co. in a report on Friday, January 13th. Oppenheimer increased their price target on JPMorgan Chase & Co. from $177.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, February 2nd. Citigroup lifted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Credit Suisse Group set a $155.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, February 27th. Finally, UBS Group set a $156.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $150.78.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $125.81 on Friday. The business has a fifty day moving average price of $139.06 and a two-hundred day moving average price of $129.31. The stock has a market capitalization of $370.30 billion, a PE ratio of 10.41, a P/E/G ratio of 1.99 and a beta of 1.12. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $144.34.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.11 by $0.46. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The company had revenue of $34.55 billion for the quarter, compared to analysts’ expectations of $34.23 billion. During the same quarter last year, the business earned $3.33 earnings per share. JPMorgan Chase & Co.’s revenue was up 18.1% on a year-over-year basis. As a group, equities analysts predict that JPMorgan Chase & Co. will post 12.9 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mellody L. Hobson purchased 375 shares of the business’s stock in a transaction dated Thursday, January 19th. The stock was bought at an average price of $134.53 per share, with a total value of $50,448.75. Following the acquisition, the director now owns 22,040 shares in the company, valued at approximately $2,965,041.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Mary E. Erdoes sold 10,340 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the completion of the transaction, the chief executive officer now owns 544,136 shares of the company’s stock, valued at approximately $76,336,839.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mellody L. Hobson acquired 375 shares of the company’s stock in a transaction that occurred on Thursday, January 19th. The shares were acquired at an average price of $134.53 per share, with a total value of $50,448.75. Following the completion of the transaction, the director now owns 22,040 shares in the company, valued at $2,965,041.20. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 37,887 shares of company stock worth $5,315,762. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Profile

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JPMorgan Chase & Co is a financial holding company, which engages in providing 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.