FUKOKU MUTUAL LIFE INSURANCE Co trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,871 shares of the financial services provider’s stock after selling 400 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in JPMorgan Chase & Co. were worth $9,265,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Personal Wealth Partners bought a new stake in JPMorgan Chase & Co. in the second quarter valued at about $28,000. Smart Portfolios LLC grew its position in shares of JPMorgan Chase & Co. by 29.6% in the 4th quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 114 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of JPMorgan Chase & Co. by 126.7% in the 2nd quarter. Sound Income Strategies LLC now owns 510 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 285 shares during the last quarter. Asset Planning Services Ltd. bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $61,000. Finally, Semmax Financial Advisors Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at approximately $56,000. Hedge funds and other institutional investors own 72.23% of the company’s stock.
Shares of NYSE:JPM traded up $1.47 on Tuesday, hitting $116.87. The company’s stock had a trading volume of 12,450,927 shares, compared to its average volume of 12,328,521. The company has a market capitalization of $360.07 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 1.62 and a beta of 1.19. The stock’s 50-day moving average is $110.69 and its two-hundred day moving average is $109.57. JPMorgan Chase & Co. has a 12 month low of $91.11 and a 12 month high of $119.24. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 0.97.
In related news, insider Lori A. Beer sold 13,341 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total value of $1,524,609.48. Following the transaction, the insider now directly owns 10,130 shares in the company, valued at approximately $1,157,656.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Peter Scher sold 10,816 shares of the stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total value of $1,243,840.00. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.
Several brokerages recently issued reports on JPM. Wells Fargo & Co set a $125.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, August 16th. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Morgan Stanley set a $122.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, August 9th. Royal Bank of Canada reissued a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 16th. Finally, Deutsche Bank reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, June 28th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $121.94.
About JPMorgan Chase & Co.
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
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