IFM Investors Pty Ltd Grows Holdings in JPMorgan Chase & Co. (JPM)

IFM Investors Pty Ltd boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 43.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 155,453 shares of the financial services provider’s stock after purchasing an additional 47,352 shares during the quarter. JPMorgan Chase & Co. comprises about 1.5% of IFM Investors Pty Ltd’s portfolio, making the stock its 5th biggest position. IFM Investors Pty Ltd’s holdings in JPMorgan Chase & Co. were worth $16,198,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. Retirement Income Solutions Inc acquired a new position in JPMorgan Chase & Co. during the 4th quarter valued at $438,000. SFE Investment Counsel raised its stake in JPMorgan Chase & Co. by 29.1% during the 4th quarter. SFE Investment Counsel now owns 6,650 shares of the financial services provider’s stock valued at $711,000 after purchasing an additional 1,500 shares during the last quarter. Landaas & Co. WI ADV raised its stake in JPMorgan Chase & Co. by 124.7% during the 4th quarter. Landaas & Co. WI ADV now owns 4,872 shares of the financial services provider’s stock valued at $521,000 after purchasing an additional 2,704 shares during the last quarter. Nicollet Investment Management Inc. acquired a new position in JPMorgan Chase & Co. during the 4th quarter valued at $2,743,000. Finally, MPI Investment Management Inc. acquired a new position in JPMorgan Chase & Co. during the 4th quarter valued at $2,398,000. Institutional investors own 70.72% of the company’s stock.

In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 30,725 shares of the stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $114.01, for a total transaction of $3,502,957.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.73% of the stock is owned by corporate insiders.

Shares of NYSE:JPM opened at $113.52 on Friday. JPMorgan Chase & Co. has a 12 month low of $90.74 and a 12 month high of $119.33. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $392.72 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 1.88 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 13th. The financial services provider reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.07. JPMorgan Chase & Co. had a net margin of 22.80% and a return on equity of 13.18%. The firm had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.62 billion. analysts expect that JPMorgan Chase & Co. will post 9.15 earnings per share for the current fiscal year.

Several equities analysts recently commented on the stock. DZ Bank upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Keefe, Bruyette & Woods reiterated a “$111.53” rating and set a $127.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 18th. UBS Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Credit Suisse Group set a $130.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Thursday, July 12th. Finally, Goldman Sachs Group set a $128.00 target price on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Monday, July 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and a consensus price target of $120.23.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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