Holderness Investments Co. Increases Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

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Holderness Investments Co. raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 9.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,614 shares of the financial services provider’s stock after purchasing an additional 1,556 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.9% of Holderness Investments Co.’s holdings, making the stock its 29th biggest position. Holderness Investments Co.’s holdings in JPMorgan Chase & Co. were worth $2,081,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BKD Wealth Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 3.4% during the fourth quarter. BKD Wealth Advisors LLC now owns 45,053 shares of the financial services provider’s stock worth $4,398,000 after purchasing an additional 1,500 shares in the last quarter. Landmark Bank grew its holdings in shares of JPMorgan Chase & Co. by 16.5% during the fourth quarter. Landmark Bank now owns 31,471 shares of the financial services provider’s stock worth $3,072,000 after buying an additional 4,467 shares during the last quarter. Dowling & Yahnke LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.6% during the fourth quarter. Dowling & Yahnke LLC now owns 98,204 shares of the financial services provider’s stock worth $10,919,000 after buying an additional 1,571 shares during the last quarter. Andesa Financial Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 43.8% during the fourth quarter. Andesa Financial Management Inc. now owns 33,906 shares of the financial services provider’s stock worth $3,312,000 after buying an additional 10,321 shares during the last quarter. Finally, Newman Dignan & Sheerar Inc. grew its holdings in shares of JPMorgan Chase & Co. by 3.8% during the fourth quarter. Newman Dignan & Sheerar Inc. now owns 24,103 shares of the financial services provider’s stock worth $2,353,000 after buying an additional 876 shares during the last quarter. 72.31% of the stock is currently owned by institutional investors.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 13,341 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total value of $1,524,609.48. Following the sale, the insider now owns 10,130 shares of the company’s stock, valued at approximately $1,157,656.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter Scher sold 10,816 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,243,840.00. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

Shares of JPM opened at $107.98 on Friday. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $119.24. The stock’s 50 day moving average is $112.23 and its two-hundred day moving average is $108.98. The firm has a market capitalization of $343.12 billion, a PE ratio of 12.00, a P/E/G ratio of 1.55 and a beta of 1.16. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The company had revenue of $28.83 billion for the quarter, compared to analyst estimates of $28.52 billion. During the same quarter in the previous year, the company earned $2.29 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 9.91 EPS for the current year.

A number of equities analysts recently issued reports on JPM shares. Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. DZ Bank reissued a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Deutsche Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, June 28th. Morgan Stanley set a $122.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Goldman Sachs Group reissued a “neutral” rating and set a $117.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $121.94.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

Further Reading: Trade War

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

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