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

Grandview Asset Management LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,831 shares of the financial services provider’s stock after selling 424 shares during the period. JPMorgan Chase & Co. accounts for 1.2% of Grandview Asset Management LLC’s investment portfolio, making the stock its 18th biggest holding. Grandview Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,989,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in JPMorgan Chase & Co. by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock valued at $28,480,408,000 after buying an additional 2,918,554 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in JPMorgan Chase & Co. by 23.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock valued at $3,566,044,000 after buying an additional 5,978,393 shares in the last quarter. Legal & General Group Plc grew its stake in JPMorgan Chase & Co. by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 21,156,537 shares of the financial services provider’s stock valued at $2,382,439,000 after buying an additional 847,094 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in JPMorgan Chase & Co. by 5.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 21,084,558 shares of the financial services provider’s stock valued at $2,203,621,000 after buying an additional 1,058,790 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in JPMorgan Chase & Co. by 21.1% in the 2nd quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock valued at $2,222,815,000 after buying an additional 3,435,522 shares in the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.

Insider Activity

In related news, Director Mellody L. Hobson acquired 375 shares of the stock in a transaction on Thursday, January 19th. The stock was purchased at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the transaction, the director now owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, General Counsel Stacey Friedman sold 23,148 shares of the stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the sale, the general counsel now directly owns 48,311 shares in the company, valued at $6,778,516.41. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mellody L. Hobson bought 375 shares of the business’s stock in a transaction that occurred on Thursday, January 19th. The stock was acquired at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the purchase, the director now directly owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The disclosure for this purchase can be found here. In the last quarter, insiders sold 37,887 shares of company stock valued at $5,315,762. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Down 3.8 %

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

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, topping the consensus estimate 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 period in the previous year, the firm posted $3.33 earnings per share. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 12.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of recent research reports. Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. Royal Bank of Canada set a $130.00 price objective on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a report on Thursday. They issued a “hold” rating for the company. Morgan Stanley raised their price target 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. Finally, Credit Suisse Group set a $155.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, February 27th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $150.78.

JPMorgan Chase & Co. Profile

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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.