Miller Investment Management LP Acquires 2,000 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Share on StockTwits

Miller Investment Management LP lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 14.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,050 shares of the financial services provider’s stock after buying an additional 2,000 shares during the quarter. JPMorgan Chase & Co. comprises about 0.4% of Miller Investment Management LP’s holdings, making the stock its 28th largest position. Miller Investment Management LP’s holdings in JPMorgan Chase & Co. were worth $1,794,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BKD Wealth Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 3.4% during the fourth quarter. BKD Wealth Advisors LLC now owns 45,053 shares of the financial services provider’s stock valued at $4,398,000 after acquiring an additional 1,500 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its stake in shares of JPMorgan Chase & Co. by 16.1% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 25,052 shares of the financial services provider’s stock valued at $2,448,000 after acquiring an additional 3,470 shares during the last quarter. Viking Fund Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 106.7% during the fourth quarter. Viking Fund Management LLC now owns 31,000 shares of the financial services provider’s stock valued at $3,026,000 after acquiring an additional 16,000 shares during the last quarter. Paulson Wealth Management Inc. boosted its stake in shares of JPMorgan Chase & Co. by 5.4% during the fourth quarter. Paulson Wealth Management Inc. now owns 7,426 shares of the financial services provider’s stock valued at $764,000 after acquiring an additional 381 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in shares of JPMorgan Chase & Co. by 8.9% during the fourth quarter. IFM Investors Pty Ltd now owns 195,792 shares of the financial services provider’s stock valued at $19,113,000 after acquiring an additional 16,004 shares during the last quarter. Institutional investors own 72.31% of the company’s stock.

JPM has been the topic of a number of analyst reports. Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $117.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. DZ Bank reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday. Wells Fargo & Co set a $125.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. JPMorgan Chase & Co. has an average rating of “Hold” and an average price target of $121.94.

In other news, EVP Peter Scher sold 10,816 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $115.00, for a total value of $1,243,840.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Lori A. Beer sold 13,341 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total value of $1,524,609.48. Following the completion of the transaction, the insider now directly owns 10,130 shares in the company, valued at $1,157,656.40. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Shares of NYSE JPM traded up $0.53 during midday trading on Wednesday, hitting $107.84. The stock had a trading volume of 529,532 shares, compared to its average volume of 12,049,560. The company has a market capitalization of $344.43 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 1.55 and a beta of 1.16. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $119.24. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.22. The company has a fifty day moving average price of $112.41 and a 200 day moving average price of $108.93.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.32. The business had revenue of $28.83 billion for the quarter, compared to analyst estimates of $28.52 billion. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.29 EPS. On average, research analysts forecast that JPMorgan Chase & Co. will post 9.94 EPS for the current year.

JPMorgan Chase & Co. Profile

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 deposit and investment products 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, payment processing, auto loan, and leasing services.

Featured Story: What is Elliott Wave theory?

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

100,000 Shares in Versum Materials Inc  Purchased by Glazer Capital LLC
100,000 Shares in Versum Materials Inc Purchased by Glazer Capital LLC
Brokerages Anticipate Global Net Lease Inc  to Announce $0.48 EPS
Brokerages Anticipate Global Net Lease Inc to Announce $0.48 EPS
Aegeus 24 Hour Trading Volume Hits $2,969.00
Aegeus 24 Hour Trading Volume Hits $2,969.00
Arion Price Down 31.1% Over Last Week
Arion Price Down 31.1% Over Last Week
VINchain  Market Cap Reaches $2.27 Million
VINchain Market Cap Reaches $2.27 Million
Moss Coin  Market Cap Reaches $5.23 Million
Moss Coin Market Cap Reaches $5.23 Million


 
© 2006-2019 Zolmax.