Aviance Capital Management LLC Has $6.09 Million Stake in JPMorgan Chase & Co. (JPM)

Aviance Capital Management LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,475 shares of the financial services provider’s stock after selling 6,580 shares during the period. Aviance Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $6,093,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Hudson Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 44.4% in the 1st quarter. Hudson Capital Management LLC now owns 15,434 shares of the financial services provider’s stock worth $1,697,000 after acquiring an additional 4,744 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in JPMorgan Chase & Co. by 53.2% in the 1st quarter. Evergreen Capital Management LLC now owns 17,405 shares of the financial services provider’s stock worth $1,914,000 after purchasing an additional 6,047 shares during the period. Norinchukin Bank The boosted its stake in JPMorgan Chase & Co. by 29.6% in the 1st quarter. Norinchukin Bank The now owns 344,850 shares of the financial services provider’s stock worth $37,923,000 after purchasing an additional 78,798 shares during the period. Fisher Asset Management LLC boosted its stake in JPMorgan Chase & Co. by 2.7% in the 1st quarter. Fisher Asset Management LLC now owns 5,003,395 shares of the financial services provider’s stock worth $550,223,000 after purchasing an additional 130,408 shares during the period. Finally, IFM Investors Pty Ltd boosted its stake in JPMorgan Chase & Co. by 9.7% in the 1st quarter. IFM Investors Pty Ltd now owns 108,101 shares of the financial services provider’s stock worth $11,888,000 after purchasing an additional 9,519 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Several research firms have weighed in on JPM. Citigroup upped their price target on JPMorgan Chase & Co. from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 26th. Credit Suisse Group dropped their price target on JPMorgan Chase & Co. from $130.00 to $128.00 and set an “outperform” rating for the company in a research note on Friday. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Thursday, November 22nd. BMO Capital Markets upped their price target on JPMorgan Chase & Co. to $124.00 and gave the stock a “market perform” rating in a research note on Monday, October 15th. Finally, Wolfe Research began coverage on JPMorgan Chase & Co. in a research note on Tuesday, September 25th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $123.64.

In other news, Director Mellody L. Hobson bought 1,150 shares of the stock in a transaction dated Friday, October 19th. The stock was purchased at an average cost of $108.94 per share, for a total transaction of $125,281.00. Following the transaction, the director now owns 2,632 shares of the company’s stock, valued at $286,730.08. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.73% of the stock is currently owned by corporate insiders.

NYSE JPM opened at $103.29 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.17. The company has a market cap of $368.01 billion, a PE ratio of 15.03, a PEG ratio of 1.74 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $102.20 and a one year high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.10. The firm had revenue of $27.26 billion during the quarter, compared to the consensus estimate of $27.20 billion. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. During the same period in the prior year, the company earned $1.76 EPS. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 9.26 EPS for the current year.

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JPMorgan Chase & Co. 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.

Read More: How the Consumer Price Index (CPI) is calculated?

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

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