Cetera Advisor Networks LLC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 93,402 shares of the financial services provider’s stock after selling 1,967 shares during the period. Cetera Advisor Networks LLC’s holdings in JPMorgan Chase & Co. were worth $8,927,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in JPM. Janus Henderson Group PLC lifted its stake in shares of JPMorgan Chase & Co. by 517.3% in the 2nd quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock valued at $507,632,000 after purchasing an additional 4,654,113 shares during the last quarter. Stifel Financial Corp lifted its stake in JPMorgan Chase & Co. by 9,301.6% during the 3rd quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock worth $415,662,000 after acquiring an additional 4,305,449 shares in the last quarter. Alliancebernstein L.P. lifted its stake in JPMorgan Chase & Co. by 29.2% during the 2nd quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock worth $1,595,542,000 after acquiring an additional 3,945,948 shares in the last quarter. Vanguard Group Inc. lifted its stake in JPMorgan Chase & Co. by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after acquiring an additional 3,717,683 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in JPMorgan Chase & Co. by 40.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock worth $892,886,000 after acquiring an additional 2,828,726 shares in the last quarter. 74.59% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Peter Scher sold 26,532 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $113.42, for a total value of $3,009,259.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 16,434 shares of the stock in a transaction dated 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 transaction, the insider now owns 98,811 shares in the company, valued at approximately $11,088,570.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,047 shares of company stock worth $17,098,115. Company insiders own 0.88% of the company’s stock.
Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $117.66 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 1-year low of $81.64 and a 1-year high of $119.33. The firm has a market capitalization of $408,250.00, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.99 and a beta of 1.18.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. During the same quarter in the prior year, the business earned $1.71 EPS. JPMorgan Chase & Co.’s revenue was up 3.3% on a year-over-year basis. equities analysts expect that JPMorgan Chase & Co. will post 8.9 earnings per share for the current year.
WARNING: “JPMorgan Chase & Co. (JPM) Stake Lowered by Cetera Advisor Networks LLC” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2018/03/13/jpmorgan-chase-co-jpm-stake-lowered-by-cetera-advisor-networks-llc.html.
JPMorgan Chase & Co. 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.
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).
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.