Rehmann Capital Advisory Group Acquires 2,311,016 Shares of JPMorgan Chase & Co. (JPM)

Rehmann Capital Advisory Group increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5,555.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,352,612 shares of the financial services provider’s stock after acquiring an additional 2,311,016 shares during the period. JPMorgan Chase & Co. comprises about 1.4% of Rehmann Capital Advisory Group’s investment portfolio, making the stock its 3rd biggest position. Rehmann Capital Advisory Group owned 0.07% of JPMorgan Chase & Co. worth $11,266,384,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of JPM. Arlington Partners LLC boosted its position in shares of JPMorgan Chase & Co. by 126.6% during the 3rd quarter. Arlington Partners LLC now owns 895 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 500 shares in the last quarter. Investment Partners LTD. boosted its position in JPMorgan Chase & Co. by 12.5% in the third quarter. Investment Partners LTD. now owns 21,950 shares of the financial services provider’s stock valued at $113,000 after buying an additional 2,436 shares in the last quarter. Quad Cities Investment Group LLC acquired a new position in JPMorgan Chase & Co. in the second quarter valued at about $124,000. O Brien Wealth Partners LLC boosted its position in JPMorgan Chase & Co. by 1,120.9% in the third quarter. O Brien Wealth Partners LLC now owns 1,111 shares of the financial services provider’s stock valued at $125,000 after buying an additional 1,020 shares in the last quarter. Finally, Kwmg LLC acquired a new position in JPMorgan Chase & Co. in the second quarter valued at about $158,000. Institutional investors and hedge funds own 69.08% of the company’s stock.

Shares of JPM stock opened at $106.55 on Friday. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $119.24. The company has a market cap of $365.68 billion, a PE ratio of 11.84, a P/E/G ratio of 1.60 and a beta of 1.12. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.20 by ($0.22). JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. The company had revenue of $26.10 billion for the quarter, compared to analyst estimates of $26.69 billion. During the same quarter in the previous year, the company posted $1.76 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 8.1% on a year-over-year basis. Research analysts predict that JPMorgan Chase & Co. will post 9.73 EPS for the current year.

A number of equities analysts have commented on JPM shares. Atlantic Securities lowered shares of JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report on Wednesday, December 19th. Barclays boosted their price target on shares of JPMorgan Chase & Co. from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, January 2nd. BMO Capital Markets reduced their price target on shares of JPMorgan Chase & Co. from $124.00 to $123.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 16th. Morgan Stanley reduced their price target on shares of JPMorgan Chase & Co. from $131.00 to $124.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 8th. Finally, Jefferies Financial Group lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 price target on the stock. in a research report on Tuesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and a consensus target price of $122.87.

In related news, insider Peter Scher sold 18,679 shares of the business’s stock in a transaction that occurred on Tuesday, January 29th. The shares were sold at an average price of $105.00, for a total transaction of $1,961,295.00. Following the completion of the sale, the insider now directly owns 23,471 shares of the company’s stock, valued at $2,464,455. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Stacey Friedman sold 3,022 shares of the business’s stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $105.00, for a total transaction of $317,310.00. Following the sale, the general counsel now directly owns 12,519 shares of the company’s stock, valued at $1,314,495. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,191 shares of company stock valued at $4,102,110. 0.73% of the stock is currently owned by insiders.

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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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