Lido Advisors LLC Raises Holdings in JPMorgan Chase & Co. (JPM)
Lido Advisors LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 35.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,472 shares of the financial services provider’s stock after acquiring an additional 5,903 shares during the quarter. Lido Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,260,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of JPM. Private Vista LLC bought a new stake in JPMorgan Chase & Co. in the second quarter worth about $102,000. Kohmann Bosshard Financial Services LLC purchased a new position in JPMorgan Chase & Co. in the 3rd quarter worth about $102,000. Welch Investments LLC purchased a new position in JPMorgan Chase & Co. in the 3rd quarter worth about $103,000. Legacy Advisors LLC purchased a new position in JPMorgan Chase & Co. in the 3rd quarter worth about $106,000. Finally, Atlantic Trust LLC purchased a new position in JPMorgan Chase & Co. in the 2nd quarter worth about $136,000. Hedge funds and other institutional investors own 73.02% of the company’s stock.
JPM has been the topic of a number of analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $105.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, November 15th. Wells Fargo & Co set a $120.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Buckingham Research raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Thursday, December 21st. Barclays lifted their price target on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Credit Suisse Group raised JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price target on the stock in a research note on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $110.80.
JPMorgan Chase & Co. (JPM) opened at $113.32 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $119.33. The firm has a market capitalization of $389,287.09, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.92 and a beta of 1.18.
JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. During the same quarter in the previous year, the business posted $1.71 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. equities research analysts forecast that JPMorgan Chase & Co. will post 8.87 earnings per share for the current year.
WARNING: This article was first posted by Daily Political and is owned by of Daily Political. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.dailypolitical.com/2018/03/03/lido-advisors-llc-raises-holdings-in-jpmorgan-chase-co-jpm.html.
JPMorgan Chase & Co. Company Profile
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.
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.