CWA Asset Management Group LLC Has $11.07 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

CWA Asset Management Group LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,562 shares of the financial services provider’s stock after acquiring an additional 4,249 shares during the period. JPMorgan Chase & Co. comprises about 0.9% of CWA Asset Management Group LLC’s portfolio, making the stock its 28th largest position. CWA Asset Management Group LLC’s holdings in JPMorgan Chase & Co. were worth $11,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in JPMorgan Chase & Co. by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock valued at $28,480,408,000 after buying an additional 2,918,554 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in JPMorgan Chase & Co. by 23.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock valued at $3,566,044,000 after buying an additional 5,978,393 shares during the last quarter. Legal & General Group Plc increased its stake in JPMorgan Chase & Co. by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 21,156,537 shares of the financial services provider’s stock valued at $2,382,439,000 after buying an additional 847,094 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in JPMorgan Chase & Co. by 5.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 21,084,558 shares of the financial services provider’s stock valued at $2,203,621,000 after buying an additional 1,058,790 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in JPMorgan Chase & Co. by 21.1% in the 2nd quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock valued at $2,222,815,000 after buying an additional 3,435,522 shares during the last quarter. 67.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday. They set a “hold” rating on the stock. Citigroup boosted their price target on JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Royal Bank of Canada set a $130.00 price objective on JPMorgan Chase & Co. in a research report on Friday, January 13th. UBS Group set a $156.00 price target on JPMorgan Chase & Co. in a research note on Friday, January 13th. Finally, Barclays upped their price objective on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $150.78.

JPMorgan Chase & Co. Stock Down 3.8 %

Shares of NYSE JPM opened at $125.81 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $144.34. The stock has a market capitalization of $370.30 billion, a P/E ratio of 10.41, a PEG ratio of 2.09 and a beta of 1.12. The stock’s fifty day moving average is $139.06 and its 200 day moving average is $129.21.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.11 by $0.46. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The company had revenue of $34.55 billion for the quarter, compared to analysts’ expectations of $34.23 billion. During the same quarter last year, the business earned $3.33 earnings per share. JPMorgan Chase & Co.’s revenue was up 18.1% on a year-over-year basis. Sell-side analysts forecast that JPMorgan Chase & Co. will post 12.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 23,148 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total value of $3,247,895.88. Following the sale, the general counsel now directly owns 48,311 shares of the company’s stock, valued at $6,778,516.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 375 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 19th. The shares were acquired at an average cost of $134.53 per share, with a total value of $50,448.75. Following the completion of the purchase, the director now directly owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 23,148 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total value of $3,247,895.88. Following the completion of the sale, the general counsel now directly owns 48,311 shares in the company, valued at $6,778,516.41. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,887 shares of company stock worth $5,315,762. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.