South Dakota Investment Council reduced position in shares of JPMorgan Chase & Co. (NYSE:JPM)


South Dakota Investment Council reduced its position in JPMorgan Chase & Co. (NYSE:JPM – Get Rating ) by 24.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 208,653 shares of the financial services provider’s stock after selling 69,346 shares during the quarter. JPMorgan Chase & Co. It comprises about 0.6% of South Dakota Investment Council’s holdings, making the stock its 26th largest position. The South Dakota Investment Council’s holdings in JPMorgan Chase & Co. were worth $28,444,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bigelow Investment Advisors LLC grew its holdings in JPMorgan Chase & Co. 1.0% in the fourth quarter. Bigelow Investment Advisors LLC now owns 6,886 shares of the financial services provider’s stock valued at $1,090,000 after buying an additional 69 shares during the last quarter. Cable Hill Partners LLC increased its position in shares of JPMorgan Chase & Co. 1.2% during the fourth quarter. Cable Hill Partners LLC now owns 6,063 shares of the financial services provider’s stock worth $960,000 after buying an additional 70 shares during the last quarter. Legacy Wealth Asset Management LLC increased its stake in shares of JPMorgan Chase & Co. 1.1% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 6,693 shares of the financial services provider’s stock worth $1,060,000 after purchasing an additional 71 shares during the period. Dimension Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. 2.1% during the fourth quarter. Dimension Capital Management LLC now owns 3,561 shares of the financial services provider’s stock valued at $565,000 after buying an additional 72 shares during the period. Finally, Legacy Capital Partners Inc. increased its position in JPMorgan Chase & Co. 1.4% during the first quarter. Legacy Capital Partners Inc. now owns 5,591 shares of the financial services provider’s stock worth $762,000 after purchasing an additional 75 shares during the period. Hedge funds and other institutional investors own 70.35% of the company’s shares.

Analysts set new price targets

Several brokerages recently issued reports on JPM. Morgan Stanley cut their price objective on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a report on Tuesday, July 12th. Royal Bank of Canada cut their price target on JPMorgan Chase & Co. to $130.00 in a research note on Thursday, July 14th. Oppenheimer lowered its price objective on JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a research report on Friday, July 15th. Societe Generale raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $150.00 in a research note on Tuesday, May 24th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $148.00 target price (up from $142.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus target price of $145.95.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $118.63 on Monday. The company has a market cap of $347.89 billion, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 2.11 and a beta of 1.12. The firm’s fifty day moving average is $115.21 and its two hundred day moving average is $127.26. The company has a quick ratio of 0.83, a current ratio of 0.83, and a debt-to-equity ratio of 1.14. JPMorgan Chase & Co. it has a 12-month low of $106.06 and a 12-month high of $172.96.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating ) last announced its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, hitting analysts’ consensus estimates of $2.76. The company had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. JPMorgan Chase & Co. it had a return on equity of 15.29% and a net margin of 30.41%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $3.78 EPS. Equity analysts expect JPMorgan Chase & Co. earn 11.26 earnings per share in the current fiscal year.

About JPMorgan Chase & Co.

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JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through four segments: Consumer and Community Banking (CCB), Corporate and Investment Banking (CIB), Commercial Banking (CB) and Asset and Wealth Management (AWM). The CCB segment offers deposit, investment and loan products, payments and consumer services; small business lending, deposit and cash management and payment solutions; mortgage generation and servicing activities; residential mortgages and home equity loans; and credit card, car loan and rental services.

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Institutional ownership by quarter for JPMorgan Chase & Co.  (NYSE:JPM)



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