DnB Asset Management AS has reduced its stake in JPMorgan Chase & Co. (NYSE: JPM) by 3.5% Q4, following its recent disclosure with the Securities & Exchange Commission. The institutional investor owned 453,003 shares of financial services company shares after selling 16,621 shares during the period. DnB Asset Management AS holdings in JPMorgan Chase & Co. were worth $ 48.444 million
A number of other hedge funds have JPM shares bought and sold, Private Vista LLC acquired a new stake in JPMorgan Chase & Co. worth approximately $ 1
Several research companies recently published reports on JPM. Keefe, Bruyette & Woods has upgraded JPMorgan Chase & Co. from a "Market Performance" rating to an "outperform" rating, setting a $ 127.00 target for the company on Tuesday, February 13th , ValuEngine has upgraded JP Morgan Chase & Co. from a "hold" rating to a "buy" rating on Friday, February 2. Vining Sparks confirmed in a report on Friday, January 12, a "buy" rating and set a price target of $ 120.00 on JPMorgan Chase & Co. stocks. Vetr has upgraded the shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating and has set a target price of $ 105.98 for the company in a report on Monday, February 12. Finally, the Royal Bank of Canada confirmed in a report on Friday, December 8, a "buy" rating for JPMorgan Chase & Co shares. Two investment analysts rated the stock with a sell rating and twelve gave a hold rating and fifteen have given a buy rating to the company. JPMorgan Chase & Co. currently has an average rating of "hold" and a consensus target of $ 110.82.
JPMorgan Chase & Co. (NYSE: JPM) opened at $ 115.44 on Friday. JPMorgan Chase & Co. has an annual low of $ 81.64 and an annual high of $ 119.33. The stock has a market capitalization of $ 400,550.00, a price-earnings ratio of 16.80, a PEG ratio of 1.94 and a beta of 1.18. The company has a fast rate of 1.01, a current rate of 1.01 and a debt ratio of 1.24.
JPMorgan Chase & Co. (NYSE: JPM) last announced its quarterly results on January 12. The financial services provider reported earnings per share (EPS) of $ 1.76 for the quarter, exceeding analyst estimates of $ 1.69 by $ 0.07. JPMorgan Chase & Co. achieved a net margin of 21.46% and a return on equity of 11.63%. The company generated $ 24.15 billion in revenue for the quarter, compared to analyst expectations of $ 24.87 billion. In the same quarter of the previous year, the company achieved EPS of $ 1.71. The company's sales increased by 3.3% compared to the previous year. Sell-side analysts predict that JPMorgan Chase & Co. will report 8.9 earnings per share for the current year.
In other news, CEO Mary E. Erdoes sold 65,101 shares of the stock in a transaction on Tuesday, January 16. The shares were sold at an average price of US $ 112.25 for a total value of US $ 7,307,587.25. Upon completion of the transaction, the Chief Executive Officer will hold 479,882 shares of the Company valued at approximately $ 53,866,754.50. The sale was published in a filing with the SEC available at this link. General Counsel Stacey Friedman also sold 17,729 shares of the stock in a transaction on Wednesday, January 17. The shares were sold at an average price of $ 112.33, which equates to a total transaction of $ 1,991,498.57. Upon completion of the transaction, the General Counsel now holds 21,260 shares worth approximately $ 2,388,135.80. The disclosure for this sale can be found here. For the past 90 days, Insider sold 152,047 shares of the company worth $ 17,098,115. Insiders own 0.88% of the company's stock.
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JPMorgan Chase & Co. Profile
JPMorgan Chase & Co is a financial holding company. The company deals with investment banking, financial services. It operates in four segments as well as in one corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment provides consumer and business services through bank branches, ATMs, online, mobile and telephone banking. JPMorgan Chase & Co. (NYSE: JPM) “title = “Institutional Ownership nach Quartal für JPMorgan Chase & Co. (NYSE: JPM)” />
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