Grandview Asset Management LLC Lowers Position in JPMorgan Chase & Co. (NYSE:JPM)

Grandview Asset Management LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,831 shares of the financial services provider’s stock after selling 424 shares during the quarter. JPMorgan Chase & Co. comprises 1.2% of Grandview Asset Management LLC’s holdings, making the stock its 18th largest holding. Grandview Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,989,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JPM. Price T Rowe Associates Inc. MD lifted its holdings in JPMorgan Chase & Co. by 23.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock worth $3,566,044,000 after buying an additional 5,978,393 shares during the period. Public Investment Fund purchased a new stake in JPMorgan Chase & Co. in the second quarter worth about $433,667,000. Barclays PLC lifted its holdings in JPMorgan Chase & Co. by 77.8% in the third quarter. Barclays PLC now owns 8,071,119 shares of the financial services provider’s stock worth $843,433,000 after buying an additional 3,531,637 shares during the period. Franklin Resources Inc. lifted its holdings in JPMorgan Chase & Co. by 21.1% in the second quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock worth $2,222,815,000 after buying an additional 3,435,522 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in JPMorgan Chase & Co. by 1.1% in the third quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock worth $28,480,408,000 after buying an additional 2,918,554 shares during the period. 67.89% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 375 shares of the business’s stock in a transaction dated Thursday, January 19th. The stock was purchased at an average price of $134.53 per share, with a total value of $50,448.75. Following the transaction, the director now directly owns 22,040 shares in the company, valued at approximately $2,965,041.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 375 shares of the business’s stock in a transaction dated Thursday, January 19th. The stock was purchased at an average price of $134.53 per share, with a total value of $50,448.75. Following the transaction, the director now directly owns 22,040 shares in the company, valued at approximately $2,965,041.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Vice Chairman Peter Scher sold 4,399 shares of the business’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total transaction of $617,267.68. Following the sale, the insider now directly owns 36,369 shares of the company’s stock, valued at approximately $5,103,298.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,887 shares of company stock valued at $5,315,762. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $125.81 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $144.34. The firm has a market cap of $370.30 billion, a P/E ratio of 10.41, a PEG ratio of 2.09 and a beta of 1.12. The company has a 50 day moving average of $139.06 and a 200 day moving average of $129.21.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.11 by $0.46. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The business had revenue of $34.55 billion during the quarter, compared to the consensus estimate of $34.23 billion. During the same quarter in the previous year, the firm posted $3.33 EPS. The firm’s revenue was up 18.1% on a year-over-year basis. As a group, research analysts expect that JPMorgan Chase & Co. will post 12.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on JPM shares. Royal Bank of Canada set a $130.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. Deutsche Bank Aktiengesellschaft lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lowered their target price for the company from $155.00 to $145.00 in a report on Friday, January 6th. Morgan Stanley lifted their target price on shares of JPMorgan Chase & Co. from $167.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, February 24th. Credit Suisse Group set a $155.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, February 27th. Finally, Citigroup lifted their target price on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.78.

About JPMorgan Chase & Co.

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JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.