JPMorgan Chase & Co. (JPM) Shares Sold by Cohen & Steers Inc.

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Cohen & Steers Inc. reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 178,076 shares of the financial services provider’s stock after selling 8,864 shares during the quarter. Cohen & Steers Inc.’s holdings in JPMorgan Chase & Co. were worth $20,094,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Granite Investment Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 35.7% in the second quarter. Granite Investment Partners LLC now owns 40,977 shares of the financial services provider’s stock valued at $4,270,000 after acquiring an additional 10,790 shares in the last quarter. Investment Management of Virginia LLC raised its holdings in shares of JPMorgan Chase & Co. by 2.3% in the second quarter. Investment Management of Virginia LLC now owns 36,457 shares of the financial services provider’s stock valued at $3,799,000 after acquiring an additional 810 shares in the last quarter. Newport Wealth Strategies Inc. raised its holdings in shares of JPMorgan Chase & Co. by 10.3% in the second quarter. Newport Wealth Strategies Inc. now owns 12,584 shares of the financial services provider’s stock valued at $1,311,000 after acquiring an additional 1,176 shares in the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of JPMorgan Chase & Co. by 2.9% in the second quarter. Checchi Capital Advisers LLC now owns 36,593 shares of the financial services provider’s stock valued at $3,813,000 after acquiring an additional 1,028 shares in the last quarter. Finally, QCI Asset Management Inc. NY raised its holdings in shares of JPMorgan Chase & Co. by 1.3% in the second quarter. QCI Asset Management Inc. NY now owns 182,008 shares of the financial services provider’s stock valued at $18,965,000 after acquiring an additional 2,324 shares in the last quarter. 69.08% of the stock is currently owned by institutional investors.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,831 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $102.78, for a total value of $599,310.18. Following the transaction, the insider now owns 98,838 shares in the company, valued at $10,158,569.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 3,022 shares of the business’s stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $105.00, for a total value of $317,310.00. Following the sale, the general counsel now owns 12,519 shares in the company, valued at approximately $1,314,495. The disclosure for this sale can be found here. Insiders sold 39,191 shares of company stock worth $4,102,110 in the last quarter. 0.73% of the stock is owned by insiders.

Several research firms recently weighed in on JPM. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a report on Friday, November 16th. Wells Fargo & Co set a $130.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Thursday, November 15th. ValuEngine downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Thursday, December 6th. Barclays restated a “buy” rating and issued a $140.00 price objective on shares of JPMorgan Chase & Co. in a report on Thursday, February 21st. Finally, BMO Capital Markets decreased their price objective on JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating for the company in a report on Thursday, February 28th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. JPMorgan Chase & Co. currently has an average rating of “Buy” and a consensus target price of $122.87.

JPM opened at $105.34 on Friday. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $119.24. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $358.26 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 1.60 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.22). JPMorgan Chase & Co. had a net margin of 24.71% and a return on equity of 14.07%. The company had revenue of $26.10 billion during the quarter, compared to analysts’ expectations of $26.69 billion. During the same quarter last year, the firm earned $1.76 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 8.1% on a year-over-year basis. Sell-side analysts predict that JPMorgan Chase & Co. will post 9.73 EPS for the current fiscal year.

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About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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