Gofen & Glossberg LLC IL lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 838,938 shares of the financial services provider’s stock after selling 4,491 shares during the period. JPMorgan Chase & Co. comprises 3.0% of Gofen & Glossberg LLC IL’s investment portfolio, making the stock its biggest holding. Gofen & Glossberg LLC IL’s holdings in JPMorgan Chase & Co. were worth $80,127,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of JPM. ETRADE Capital Management LLC increased its stake in JPMorgan Chase & Co. by 4.2% in the 3rd quarter. ETRADE Capital Management LLC now owns 88,152 shares of the financial services provider’s stock valued at $8,419,000 after buying an additional 3,513 shares during the last quarter. Sei Investments Co. grew its position in shares of JPMorgan Chase & Co. by 3.4% during the 3rd quarter. Sei Investments Co. now owns 2,088,914 shares of the financial services provider’s stock valued at $199,513,000 after acquiring an additional 68,418 shares during the period. Aviva PLC grew its position in shares of JPMorgan Chase & Co. by 5.5% during the 2nd quarter. Aviva PLC now owns 3,082,910 shares of the financial services provider’s stock valued at $281,840,000 after acquiring an additional 160,019 shares during the period. FDx Advisors Inc. grew its position in shares of JPMorgan Chase & Co. by 11.3% during the 3rd quarter. FDx Advisors Inc. now owns 136,089 shares of the financial services provider’s stock valued at $12,998,000 after acquiring an additional 13,827 shares during the period. Finally, TIAA FSB grew its position in shares of JPMorgan Chase & Co. by 1.2% during the 3rd quarter. TIAA FSB now owns 538,539 shares of the financial services provider’s stock valued at $51,436,000 after acquiring an additional 6,149 shares during the period. Institutional investors own 74.59% of the company’s stock.

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JPMorgan Chase & Co. (JPM) opened at $116.25 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $119.33. The company has a market cap of $403,360.00, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.99 and a beta of 1.18.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The firm had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. During the same period last year, the firm earned $1.71 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. equities research analysts anticipate that JPMorgan Chase & Co. will post 8.9 earnings per share for the current year.

In other JPMorgan Chase & Co. news, EVP Peter Scher sold 17,057 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.20, for a total value of $1,913,795.40. Following the completion of the transaction, the executive vice president now directly owns 15,310 shares of the company’s stock, valued at approximately $1,717,782. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 16,434 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the transaction, the insider now directly owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 152,047 shares of company stock valued at $17,098,115. Insiders own 0.88% of the company’s stock.

A number of research firms have recently weighed in on JPM. Vetr raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $111.60 target price for the company in a research report on Thursday, March 8th. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. BMO Capital Markets increased their target price on shares of JPMorgan Chase & Co. from $110.00 to $111.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Nomura increased their target price on shares of JPMorgan Chase & Co. from $113.00 to $117.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Finally, Jefferies Group reissued a “buy” rating and set a $131.00 target price (up from $124.00) on shares of JPMorgan Chase & Co. in a research report on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the company’s stock. JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus target price of $110.82.

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JPMorgan Chase & Co. 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.

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

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