JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Butensky & Cohen Financial Security Inc.

Butensky & Cohen Financial Security Inc. raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the 4th quarter, HoldingsChannel reports. The fund owned 31,332 shares of the financial services provider’s stock after buying an additional 314 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.6% of Butensky & Cohen Financial Security Inc.’s investment portfolio, making the stock its 29th biggest holding. Butensky & Cohen Financial Security Inc.’s holdings in JPMorgan Chase & Co. were worth $4,202,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 purchasing an additional 5,978,393 shares during the last quarter. Public Investment Fund purchased a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $433,667,000. Barclays PLC lifted its holdings in shares of JPMorgan Chase & Co. by 77.8% in the 3rd quarter. Barclays PLC now owns 8,071,119 shares of the financial services provider’s stock valued at $843,433,000 after purchasing an additional 3,531,637 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of 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 purchasing an additional 3,435,522 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 2,918,554 shares during the last quarter. 67.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $125.81 on Friday. The company has a market cap of $370.30 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 1.99 and a beta of 1.12. The stock has a 50 day simple moving average of $139.06 and a 200-day simple moving average of $129.31. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $144.34. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.11 by $0.46. The business had revenue of $34.55 billion for the quarter, compared to analysts’ expectations of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.33 EPS. On average, equities analysts forecast that JPMorgan Chase & Co. will post 12.9 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 23,148 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total value of $3,247,895.88. Following the sale, the general counsel now owns 48,311 shares in the company, valued at approximately $6,778,516.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, General Counsel Stacey Friedman sold 23,148 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total value of $3,247,895.88. Following the sale, the general counsel now owns 48,311 shares in the company, valued at approximately $6,778,516.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total value of $1,450,598.60. Following the completion of the sale, the chief executive officer now owns 544,136 shares in the company, valued at approximately $76,336,839.44. The disclosure for this sale can be found here. Insiders have sold a total of 37,887 shares of company stock worth $5,315,762 in the last quarter. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company 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.