Cinctive Capital Management LP acquired a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 34,566 shares of the financial services provider's stock, valued at approximately $8,479,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of JPM. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth $28,000. University of Illinois Foundation acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth $30,000. Curat Global LLC acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth $33,000. Measured Risk Portfolios Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $44,000. Finally, Minot DeBlois Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $54,000. Institutional investors own 71.55% of the company's stock.
JPMorgan Chase & Co. Stock Down 3.0%
Shares of JPM stock traded down $9.04 on Friday, reaching $294.79. 9,831,520 shares of the company's stock traded hands, compared to its average volume of 6,437,430. JPMorgan Chase & Co. has a 12-month low of $200.61 and a 12-month high of $305.15. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $810.59 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 1.96 and a beta of 1.13. The business's 50 day moving average price is $293.16 and its two-hundred day moving average price is $266.02.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The business had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same quarter in the previous year, the company posted $6.12 earnings per share. JPMorgan Chase & Co.'s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.
Insider Buying and Selling
In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, the director owned 82,207 shares in the company, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.47% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on JPM shares. HSBC restated a "reduce" rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. TD Cowen started coverage on JPMorgan Chase & Co. in a report on Thursday, May 15th. They issued a "buy" rating and a $305.00 target price on the stock. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Finally, Evercore ISI set a $298.00 price target on JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $291.67.
Get Our Latest Report on JPM
JPMorgan Chase & Co. Company Profile
(
Free Report)
JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.
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