JPMorgan Chase & Co. (JPM) Shares Bought by Jupiter Asset Management Ltd.

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Jupiter Asset Management Ltd. increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 47.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 717,854 shares of the financial services provider’s stock after buying an additional 230,625 shares during the period. JPMorgan Chase & Co. comprises approximately 2.3% of Jupiter Asset Management Ltd.’s holdings, making the stock its 5th biggest position. Jupiter Asset Management Ltd.’s holdings in JPMorgan Chase & Co. were worth $80,995,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of JPM. Arlington Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 126.6% in the 3rd quarter. Arlington Partners LLC now owns 895 shares of the financial services provider’s stock valued at $101,000 after buying an additional 500 shares during the period. Investment Partners LTD. boosted its holdings in shares of JPMorgan Chase & Co. by 12.5% in the 3rd quarter. Investment Partners LTD. now owns 21,950 shares of the financial services provider’s stock valued at $113,000 after buying an additional 2,436 shares during the period. Quad Cities Investment Group LLC acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $124,000. O Brien Wealth Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1,120.9% in the 3rd quarter. O Brien Wealth Partners LLC now owns 1,111 shares of the financial services provider’s stock valued at $125,000 after buying an additional 1,020 shares during the period. Finally, Kwmg LLC acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $158,000. 69.55% of the stock is owned by institutional investors and hedge funds.

In related news, Director James S. Crown purchased 5,000 shares of the company’s stock in a transaction on Tuesday, February 5th. The shares were bought at an average cost of $103.79 per share, for a total transaction of $518,950.00. Following the transaction, the director now owns 311,447 shares of the company’s stock, valued at $32,325,084.13. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 transaction of $317,310.00. Following the sale, the general counsel now owns 12,519 shares in the company, valued at $1,314,495. The disclosure for this sale can be found here. Insiders have sold a total of 39,191 shares of company stock worth $4,102,110 over the last 90 days. 0.73% of the stock is owned by insiders.

A number of research firms have issued reports on JPM. BMO Capital Markets reduced their target price on shares of JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating for the company in a research note on Thursday, February 28th. Barclays reissued a “buy” rating and set a $140.00 target price on shares of JPMorgan Chase & Co. in a research note on Thursday, February 21st. Wells Fargo & Co reissued an “outperform” rating and set a $130.00 target price (up from $121.00) on shares of JPMorgan Chase & Co. in a research note on Thursday, February 14th. Daiwa Capital Markets lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Friday, February 8th. Finally, Morgan Stanley reduced their target price on shares of JPMorgan Chase & Co. from $131.00 to $124.00 and set an “overweight” rating for the company in a research note on Tuesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $122.87.

JPMorgan Chase & Co. stock opened at $103.72 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 1.22. The stock has a market cap of $356.51 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 1.60 and a beta of 1.11. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, January 15th. The financial services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.22). JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. The company had revenue of $26.10 billion for the quarter, compared to the consensus estimate of $26.69 billion. During the same quarter last year, the firm posted $1.76 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities analysts forecast 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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