Richard Bernstein Advisors LLC Boosts Stake in JPMorgan Chase & Co. (JPM)

Richard Bernstein Advisors LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 6.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 151,674 shares of the financial services provider’s stock after buying an additional 8,565 shares during the period. Richard Bernstein Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $15,804,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elite Wealth Management Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 4.1% in the 1st quarter. Elite Wealth Management Inc. now owns 17,891 shares of the financial services provider’s stock valued at $1,967,000 after buying an additional 701 shares during the period. Eagle Global Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.6% in the 2nd quarter. Eagle Global Advisors LLC now owns 175,550 shares of the financial services provider’s stock valued at $18,292,000 after buying an additional 1,114 shares during the period. Retirement Income Solutions Inc boosted its holdings in shares of JPMorgan Chase & Co. by 18.0% in the 2nd quarter. Retirement Income Solutions Inc now owns 4,650 shares of the financial services provider’s stock valued at $485,000 after buying an additional 708 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2.7% in the 1st quarter. Nuveen Asset Management LLC now owns 1,124,172 shares of the financial services provider’s stock valued at $123,625,000 after buying an additional 29,540 shares during the period. Finally, Syntal Capital Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 11.3% in the 1st quarter. Syntal Capital Partners LLC now owns 9,963 shares of the financial services provider’s stock valued at $1,095,000 after buying an additional 1,013 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

In related news, Director Mellody L. Hobson purchased 1,150 shares of the company’s stock in a transaction on Friday, October 19th. The shares were bought 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.73% of the stock is currently owned by insiders.

JPM has been the topic of several recent research reports. Bank of America lifted their price objective on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a research report on Monday, September 17th. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a research report on Friday, September 14th. Vining Sparks reiterated a “buy” rating and issued a $125.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, October 12th. Finally, Wells Fargo & Co set a $130.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Thursday, November 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $123.64.

Shares of NYSE:JPM opened at $103.29 on Friday. The stock has a market capitalization of $361.01 billion, a P/E ratio of 15.03, a PEG ratio of 1.70 and a beta of 1.10. JPMorgan Chase & Co. has a fifty-two week low of $102.20 and a fifty-two week high of $119.33. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.01 and a current ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. The firm had revenue of $27.26 billion for the quarter, compared to the consensus estimate of $27.20 billion. During the same period last year, the firm posted $1.76 EPS. On average, research analysts expect that JPMorgan Chase & Co. will post 9.26 earnings per share for the current fiscal year.

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About JPMorgan Chase & Co.

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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