Chilton Capital Management LLC Has $14.98 Million Position in J P Morgan Chase & Co (JPM)
Chilton Capital Management LLC increased its stake in J P Morgan Chase & Co (NYSE:JPM) by 717.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,874 shares of the financial services provider’s stock after purchasing an additional 143,817 shares during the quarter. J P Morgan Chase & Co makes up 1.7% of Chilton Capital Management LLC’s investment portfolio, making the stock its 16th largest holding. Chilton Capital Management LLC’s holdings in J P Morgan Chase & Co were worth $14,978,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of JPM. Private Vista LLC purchased a new position in J P Morgan Chase & Co during the 2nd quarter valued at about $102,000. Pacific Center for Financial Services grew its stake in J P Morgan Chase & Co by 14.5% during the 1st quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 177 shares in the last quarter. Ullmann Financial Group Inc. purchased a new position in J P Morgan Chase & Co during the 1st quarter valued at about $148,000. Northwest Investment Counselors LLC purchased a new position in J P Morgan Chase & Co during the 2nd quarter valued at about $165,000. Finally, Capital Advisors Ltd. LLC grew its stake in J P Morgan Chase & Co by 53.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 670 shares in the last quarter. 73.93% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on the company. Royal Bank Of Canada reaffirmed a “buy” rating on shares of J P Morgan Chase & Co in a research note on Friday. Deutsche Bank cut J P Morgan Chase & Co from a “buy” rating to a “hold” rating and lifted their target price for the company from $90.00 to $96.00 in a research note on Tuesday, September 26th. Keefe, Bruyette & Woods set a $96.00 target price on J P Morgan Chase & Co and gave the company a “hold” rating in a research note on Saturday, August 19th. Citigroup lifted their price target on J P Morgan Chase & Co from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, October 6th. Finally, Oppenheimer reiterated a “hold” rating on shares of J P Morgan Chase & Co in a report on Thursday, October 12th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $92.18.
Shares of J P Morgan Chase & Co (NYSE JPM) traded down $0.38 during midday trading on Monday, reaching $105.55. The company’s stock had a trading volume of 3,025,629 shares, compared to its average volume of 14,005,722. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. The company has a market cap of $367,548.06, a P/E ratio of 15.26, a P/E/G ratio of 2.30 and a beta of 1.22. J P Morgan Chase & Co has a 52 week low of $81.64 and a 52 week high of $108.40.
J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.09. The company had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 billion. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.58 EPS. sell-side analysts expect that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.
In other news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the sale, the general counsel now directly owns 15,279 shares in the company, valued at $1,557,846.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.88% of the company’s stock.
About J P Morgan Chase & Co
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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