JPMorgan Chase & Co. (NYSE:JPM) Holdings Lowered by Redpoint Investment Management Pty Ltd

Redpoint Investment Management Pty Ltd lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,605 shares of the financial services provider’s stock after selling 5,333 shares during the quarter. JPMorgan Chase & Co. makes up about 1.4% of Redpoint Investment Management Pty Ltd’s holdings, making the stock its 6th largest holding. Redpoint Investment Management Pty Ltd’s holdings in JPMorgan Chase & Co. were worth $26,551,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JPM. Norway Savings Bank grew its position in shares of JPMorgan Chase & Co. by 0.7% in the second quarter. Norway Savings Bank now owns 20,475 shares of the financial services provider’s stock valued at $2,289,000 after purchasing an additional 147 shares in the last quarter. Chicago Capital LLC grew its position in shares of JPMorgan Chase & Co. by 0.8% in the second quarter. Chicago Capital LLC now owns 59,921 shares of the financial services provider’s stock valued at $6,699,000 after purchasing an additional 489 shares in the last quarter. Lourd Capital LLC grew its position in shares of JPMorgan Chase & Co. by 4.9% in the second quarter. Lourd Capital LLC now owns 11,059 shares of the financial services provider’s stock valued at $1,236,000 after purchasing an additional 513 shares in the last quarter. Gyroscope Capital Management Group LLC grew its position in shares of JPMorgan Chase & Co. by 100.2% in the second quarter. Gyroscope Capital Management Group LLC now owns 11,389 shares of the financial services provider’s stock valued at $1,293,000 after purchasing an additional 5,700 shares in the last quarter. Finally, Orrstown Financial Services Inc. grew its position in shares of JPMorgan Chase & Co. by 1.1% in the second quarter. Orrstown Financial Services Inc. now owns 10,766 shares of the financial services provider’s stock valued at $1,204,000 after purchasing an additional 114 shares in the last quarter. 71.89% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Daniel E. Pinto sold 64,198 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $130.91, for a total value of $8,404,160.18. Following the sale, the chief executive officer now directly owns 451,481 shares in the company, valued at $59,103,377.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Nicole Giles sold 863 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $126.73, for a total value of $109,367.99. Following the completion of the sale, the insider now owns 8,949 shares in the company, valued at $1,134,106.77. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,944 shares of company stock worth $19,088,970. Insiders own 0.76% of the company’s stock.

Shares of JPM traded up $2.56 during midday trading on Wednesday, hitting $132.34. 10,270,204 shares of the stock were exchanged, compared to its average volume of 11,940,833. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $132.74. The stock has a fifty day simple moving average of $127.98 and a 200 day simple moving average of $116.14. The firm has a market cap of $413.26 billion, a P/E ratio of 14.70, a P/E/G ratio of 1.85 and a beta of 1.23. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.93 and a current ratio of 0.93.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $2.68 EPS for the quarter, topping the consensus estimate of $2.45 by $0.23. The business had revenue of $29.34 billion during the quarter, compared to analyst estimates of $28.36 billion. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business posted $2.34 earnings per share. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 10.17 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada upped their price target on JPMorgan Chase & Co. to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Morgan Stanley reiterated a “buy” rating and issued a $141.00 price objective (up from $138.00) on shares of JPMorgan Chase & Co. in a research report on Monday, November 18th. BMO Capital Markets increased their price objective on JPMorgan Chase & Co. to $126.00 in a research report on Wednesday, October 16th. Robert W. Baird increased their price objective on JPMorgan Chase & Co. from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, ValuEngine upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average target price of $123.48.

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.

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

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