Landmark Financial Advisors LLC Sells 999 Shares of JPMorgan Chase & Co. (JPM)

Landmark Financial Advisors LLC reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 20,749 shares of the financial services provider’s stock after selling 999 shares during the period. JPMorgan Chase & Co. accounts for about 1.4% of Landmark Financial Advisors LLC’s holdings, making the stock its 14th largest position. Landmark Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,790,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. FMR LLC boosted its position in shares of JPMorgan Chase & Co. by 19.4% in the fourth quarter. FMR LLC now owns 96,587,143 shares of the financial services provider’s stock worth $8,334,505,000 after buying an additional 15,715,835 shares during the last quarter. State Street Corp boosted its position in shares of JPMorgan Chase & Co. by 7.5% in the fourth quarter. State Street Corp now owns 169,177,566 shares of the financial services provider’s stock worth $14,598,334,000 after buying an additional 11,844,085 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $654,210,000. BNP Paribas Arbitrage SA boosted its position in shares of JPMorgan Chase & Co. by 200.9% in the third quarter. BNP Paribas Arbitrage SA now owns 4,145,850 shares of the financial services provider’s stock worth $276,072,000 after buying an additional 2,768,188 shares during the last quarter. Finally, Standard Life Investments LTD boosted its position in shares of JPMorgan Chase & Co. by 31.8% in the third quarter. Standard Life Investments LTD now owns 8,151,428 shares of the financial services provider’s stock worth $542,763,000 after buying an additional 1,965,144 shares during the last quarter. Institutional investors own 73.65% of the company’s stock.

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at 90.03 on Tuesday. JPMorgan Chase & Co. has a 1-year low of $57.05 and a 1-year high of $93.98. The company has a market cap of $320.57 billion, a price-to-earnings ratio of 14.54 and a beta of 1.49. The company’s 50-day moving average is $89.56 and its 200 day moving average is $79.20.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, January 13th. The financial services provider reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.29. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 10.91%. The business had revenue of $24.30 billion for the quarter, compared to the consensus estimate of $23.48 billion. During the same quarter in the prior year, the firm posted $1.68 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post $6.56 EPS for the current year.

Your IP Address:

A number of equities analysts recently commented on JPM shares. FBR & Co reiterated an “outperform” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, January 17th. Buckingham Research reiterated a “hold” rating and issued a $74.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 11th. BMO Capital Markets reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 1st. Citigroup Inc reiterated a “hold” rating and issued a $65.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 11th. Finally, Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research report on Tuesday, January 10th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have issued a buy rating to the company. JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $79.58.

In other news, insider Ashley Bacon sold 12,986 shares of the stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $84.15, for a total value of $1,092,771.90. Following the sale, the insider now owns 67,670 shares of the company’s stock, valued at $5,694,430.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas B. Petno sold 6,728 shares of the stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $84.16, for a total transaction of $566,228.48. Following the completion of the sale, the chief executive officer now directly owns 115,938 shares in the company, valued at approximately $9,757,342.08. The disclosure for this sale can be found here. In the last three months, insiders sold 202,699 shares of company stock worth $17,009,515. Insiders own 0.85% of the company’s stock.

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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Brazil Looks to Calm Fears Over Export and Sale of Meat
Brazil Looks to Calm Fears Over Export and Sale of Meat
Dollar General Increasing Pay, Lowering Price and Adding Perishable Goods
Dollar General Increasing Pay, Lowering Price and Adding Perishable Goods
Euronet Worldwide Tops Offer by Ant to Acquire MoneyGram
Euronet Worldwide Tops Offer by Ant to Acquire MoneyGram
Oil Prices Drop to Low of Three Months on Rig Count
Oil Prices Drop to Low of Three Months on Rig Count
Shares of Staples Fall After Earnings Come Up Short
Shares of Staples Fall After Earnings Come Up Short
Trump Tweet Sends Pharmaceutical Stocks Tumbling
Trump Tweet Sends Pharmaceutical Stocks Tumbling


Leave a Reply

© 2006-2017 Ticker Report. Google+.