Matthew Goff Investment Advisor LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the third quarter, HoldingsChannel reports. The fund bought 140,958 shares of the financial services provider’s stock, valued at approximately $1,353,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its position in shares of JPMorgan Chase & Co. by 2.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 13,009,422 shares of the financial services provider’s stock valued at $1,355,582,000 after purchasing an additional 270,508 shares during the period. American Century Companies Inc. lifted its position in JPMorgan Chase & Co. by 1.7% during the 2nd quarter. American Century Companies Inc. now owns 10,020,625 shares of the financial services provider’s stock worth $1,044,149,000 after acquiring an additional 169,377 shares during the period. OMERS ADMINISTRATION Corp lifted its position in JPMorgan Chase & Co. by 21.4% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 4,656,959 shares of the financial services provider’s stock worth $485,255,000 after acquiring an additional 821,647 shares during the period. Sanders Capital LLC lifted its position in JPMorgan Chase & Co. by 0.4% during the 3rd quarter. Sanders Capital LLC now owns 4,141,173 shares of the financial services provider’s stock worth $525,524,000 after acquiring an additional 17,562 shares during the period. Finally, Mawer Investment Management Ltd. lifted its position in JPMorgan Chase & Co. by 22.8% during the 2nd quarter. Mawer Investment Management Ltd. now owns 3,711,681 shares of the financial services provider’s stock worth $386,734,000 after acquiring an additional 690,308 shares during the period. 69.08% of the stock is owned by hedge funds and other institutional investors.

JPM opened at $106.55 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $365.68 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 1.60 and a beta of 1.12. JPMorgan Chase & Co. has a 12 month low of $91.11 and a 12 month high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, January 15th. The financial services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.22). The business had revenue of $26.10 billion during the quarter, compared to analyst estimates of $26.69 billion. JPMorgan Chase & Co. had a net margin of 24.71% and a return on equity of 14.07%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.76 earnings per share. As a group, research analysts forecast that JPMorgan Chase & Co. will post 9.73 EPS for the current fiscal year.

JPM has been the subject of a number of recent research reports. Atlantic Securities cut JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report on Wednesday, December 19th. Barclays increased their price objective on JPMorgan Chase & Co. from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 2nd. BMO Capital Markets decreased their price objective on JPMorgan Chase & Co. from $124.00 to $123.00 and set a “market perform” rating for the company in a research report on Wednesday, January 16th. Morgan Stanley decreased their price objective on JPMorgan Chase & Co. from $131.00 to $124.00 and set an “overweight” rating for the company in a research report on Tuesday, January 8th. Finally, Jefferies Financial Group cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 price objective for the company. in a research report on Tuesday, January 8th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $122.87.

In other news, insider Ashley Bacon sold 5,831 shares of the firm’s stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $102.78, for a total value of $599,310.18. Following the completion of the sale, the insider now directly owns 98,838 shares of the company’s stock, valued at approximately $10,158,569.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 3,022 shares of the firm’s stock in a transaction that occurred on Tuesday, January 29th. The shares were sold at an average price of $105.00, for a total value of $317,310.00. Following the completion of the sale, the general counsel now directly owns 12,519 shares of the company’s stock, valued at $1,314,495. The disclosure for this sale can be found here. Insiders sold a total of 39,191 shares of company stock valued at $4,102,110 over the last three months. Insiders own 0.73% of the company’s stock.

WARNING: This article was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://www.watchlistnews.com/matthew-goff-investment-advisor-llc-buys-shares-of-140958-jpmorgan-chase-co-jpm/2896918.html.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

Featured Article: Back-End Load

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.