JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Baader Bank INC

Baader Bank INC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 12.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 34,125 shares of the financial services provider’s stock after buying an additional 3,900 shares during the period. Baader Bank INC’s holdings in JPMorgan Chase & Co. were worth $4,652,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Bigelow Investment Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 1.0% in the fourth quarter. Bigelow Investment Advisors LLC now owns 6,886 shares of the financial services provider’s stock valued at $1,090,000 after buying an additional 69 shares in the last quarter. Cable Hill Partners LLC boosted its position in JPMorgan Chase & Co. by 1.2% during the fourth quarter. Cable Hill Partners LLC now owns 6,063 shares of the financial services provider’s stock worth $960,000 after purchasing an additional 70 shares during the period. Dimension Capital Management LLC boosted its position in JPMorgan Chase & Co. by 2.1% during the fourth quarter. Dimension Capital Management LLC now owns 3,561 shares of the financial services provider’s stock worth $565,000 after purchasing an additional 72 shares during the period. Legacy Capital Partners Inc. boosted its position in JPMorgan Chase & Co. by 1.4% during the first quarter. Legacy Capital Partners Inc. now owns 5,591 shares of the financial services provider’s stock worth $762,000 after purchasing an additional 75 shares during the period. Finally, Tennessee Valley Asset Management Partners boosted its position in JPMorgan Chase & Co. by 1.2% during the first quarter. Tennessee Valley Asset Management Partners now owns 6,634 shares of the financial services provider’s stock worth $904,000 after purchasing an additional 78 shares during the period. 68.57% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $116.39 on Wednesday. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.14. The business’s 50-day moving average price is $115.65 and its two-hundred day moving average price is $123.09. The stock has a market cap of $341.32 billion, a PE ratio of 9.34, a P/E/G ratio of 2.11 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.76. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The firm had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $31.82 billion. During the same quarter in the previous year, the business posted $3.78 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. As a group, analysts expect that JPMorgan Chase & Co. will post 11.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of research analyst reports. Barclays set a $200.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 18th. Societe Generale raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $145.00 to $150.00 in a report on Tuesday, May 24th. Citigroup raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $145.00 to $135.00 in a report on Tuesday, July 12th. BMO Capital Markets lifted their target price on JPMorgan Chase & Co. from $150.00 to $156.00 in a report on Tuesday, May 24th. Finally, Jefferies Financial Group set a $117.00 target price on JPMorgan Chase & Co. in a report on Monday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $145.95.

JPMorgan Chase & Co. Company Profile

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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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

See Also

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

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