Cetera Advisors LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 14.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,406 shares of the financial services provider’s stock after purchasing an additional 8,441 shares during the period. Cetera Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $6,442,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Private Vista LLC acquired a new position in JPMorgan Chase & Co. in the second quarter valued at $102,000. Kohmann Bosshard Financial Services LLC acquired a new position in JPMorgan Chase & Co. in the third quarter valued at $102,000. Welch Investments LLC acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth about $103,000. Legacy Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth about $106,000. Finally, Atlantic Trust LLC acquired a new position in shares of JPMorgan Chase & Co. during the second quarter worth about $136,000. 74.59% of the stock is owned by institutional investors and hedge funds.
JPMorgan Chase & Co. (NYSE JPM) opened at $117.66 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a one year low of $81.64 and a one year high of $119.33. The company has a market capitalization of $408,250.00, a PE ratio of 17.13, a P/E/G ratio of 1.99 and a beta of 1.18.
A number of brokerages have commented on JPM. Zacks Investment Research cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Vetr upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $111.60 price objective on the stock in a research note on Thursday, March 8th. Nomura boosted their price objective on JPMorgan Chase & Co. from $113.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. BMO Capital Markets boosted their price objective on JPMorgan Chase & Co. from $110.00 to $111.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 28th. Finally, Jefferies Group restated a “buy” rating and set a $131.00 price objective (up previously from $124.00) on shares of JPMorgan Chase & Co. in a research note on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $110.82.
In related news, CEO Mary E. Erdoes sold 65,101 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total value 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 $53,866,754.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James S. Crown acquired 7,280 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was purchased at an average cost of $113.37 per share, with a total value of $825,333.60. Following the completion of the acquisition, the director now owns 305,875 shares of the company’s stock, valued at $34,677,048.75. The disclosure for this purchase can be found here. Over the last three months, insiders sold 152,047 shares of company stock valued at $17,098,115. 0.88% of the stock is owned by corporate insiders.
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About JPMorgan Chase & Co.
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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