Gerber Kawasaki Wealth & Investment Management grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 29.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,981 shares of the financial services provider’s stock after buying an additional 906 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in JPMorgan Chase & Co. were worth $451,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arlington Partners LLC lifted its holdings in JPMorgan Chase & Co. by 126.6% during the third quarter. Arlington Partners LLC now owns 895 shares of the financial services provider’s stock worth $101,000 after buying an additional 500 shares during the period. Investment Partners LTD. lifted its holdings in JPMorgan Chase & Co. by 12.5% during the third quarter. Investment Partners LTD. now owns 21,950 shares of the financial services provider’s stock worth $113,000 after buying an additional 2,436 shares during the period. Quad Cities Investment Group LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter worth $124,000. O Brien Wealth Partners LLC lifted its holdings in JPMorgan Chase & Co. by 1,120.9% during the third quarter. O Brien Wealth Partners LLC now owns 1,111 shares of the financial services provider’s stock worth $125,000 after buying an additional 1,020 shares during the period. Finally, Kwmg LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter worth $158,000. 69.08% of the stock is currently owned by hedge funds and other institutional investors.
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,831 shares of the stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $102.78, for a total transaction of $599,310.18. Following the sale, the insider now directly owns 98,838 shares of the company’s stock, valued at approximately $10,158,569.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas B. Petno sold 11,659 shares of the stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $105.00, for a total value of $1,224,195.00. 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 ninety days. 0.73% of the stock is owned by insiders.
JPM stock traded up $1.21 during midday trading on Friday, reaching $106.55. The stock had a trading volume of 24,702,994 shares, compared to its average volume of 13,509,893. The firm has a market capitalization of $365.68 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 1.60 and a beta of 1.12. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.00 and a quick ratio of 1.00. 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 issued its earnings results on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.20 by ($0.22). The firm had revenue of $26.10 billion during the quarter, compared to analysts’ expectations of $26.69 billion. JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $1.76 EPS. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 9.73 earnings per share for the current year.
JPM has been the subject of several analyst reports. Barclays increased their price objective on JPMorgan Chase & Co. from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, January 2nd. Wells Fargo & Co reiterated a “buy jpm” rating on shares of JPMorgan Chase & Co. in a report on Thursday, December 20th. Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, December 10th. 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. Finally, Jefferies Financial Group lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 price objective for the company. in a report on Tuesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $122.87.
JPMorgan Chase & Co. Profile
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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