Cetera Investment Advisers boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 38.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,670 shares of the financial services provider’s stock after buying an additional 11,071 shares during the quarter. JPMorgan Chase & Co. comprises 0.8% of Cetera Investment Advisers’ portfolio, making the stock its 19th biggest holding. Cetera Investment Advisers’ holdings in JPMorgan Chase & Co. were worth $3,789,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Private Vista LLC bought a new stake in JPMorgan Chase & Co. during the second quarter valued at about $102,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $102,000. Welch Investments LLC bought a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $103,000. Legacy Advisors LLC bought a new position in JPMorgan Chase & Co. during the third quarter worth about $106,000. Finally, Atlantic Trust LLC bought a new position in JPMorgan Chase & Co. during the second quarter worth about $136,000. 74.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of JPMorgan Chase & Co. (JPM) opened at $117.66 on Tuesday. The firm has a market cap of $408,250.00, a P/E ratio of 17.13, a PEG ratio of 1.99 and a beta of 1.18. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.01 and a current ratio of 1.01. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $119.33.
JPM has been the subject of a number of analyst reports. Argus raised their price target on shares of JPMorgan Chase & Co. from $109.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Nomura set a $115.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research note on Friday, January 12th. Credit Suisse Group restated an “outperform” rating and set a $125.00 price target (up previously from $120.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, January 16th. Barclays raised their price target on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Wells Fargo & Co set a $120.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $110.82.
In related news, insider Ashley Bacon sold 16,434 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total value of $1,844,223.48. Following the completion of the sale, the insider now owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mary E. Erdoes sold 65,101 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the completion of the sale, the chief executive officer now directly owns 479,882 shares of the company’s stock, valued at approximately $53,866,754.50. The disclosure for this sale can be found here. In the last three months, insiders sold 152,047 shares of company stock valued at $17,098,115. 0.88% of the stock is currently owned by company insiders.
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JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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