Mark Sheptoff Financial Planning LLC Sells 1 Shares of J P Morgan Chase & Co (JPM)

Mark Sheptoff Financial Planning LLC reduced its holdings in J P Morgan Chase & Co (NYSE:JPM) by 0.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,528 shares of the financial services provider’s stock after selling 1 shares during the quarter. Mark Sheptoff Financial Planning LLC’s holdings in J P Morgan Chase & Co were worth $140,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. ARGI Investment Services LLC increased its position in J P Morgan Chase & Co by 5.0% in the 2nd quarter. ARGI Investment Services LLC now owns 12,825 shares of the financial services provider’s stock valued at $1,129,000 after acquiring an additional 616 shares during the period. ARGA Investment Management LP boosted its stake in shares of J P Morgan Chase & Co by 345.9% in the 2nd quarter. ARGA Investment Management LP now owns 76,700 shares of the financial services provider’s stock valued at $7,010,000 after purchasing an additional 59,500 shares during the last quarter. Commerce Bank boosted its stake in shares of J P Morgan Chase & Co by 2.3% in the 2nd quarter. Commerce Bank now owns 1,139,710 shares of the financial services provider’s stock valued at $104,170,000 after purchasing an additional 25,163 shares during the last quarter. Newman Dignan & Sheerar Inc. boosted its stake in shares of J P Morgan Chase & Co by 5.1% in the 2nd quarter. Newman Dignan & Sheerar Inc. now owns 21,650 shares of the financial services provider’s stock valued at $1,979,000 after purchasing an additional 1,045 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its stake in shares of J P Morgan Chase & Co by 1.4% in the 2nd quarter. Wesbanco Bank Inc. now owns 342,834 shares of the financial services provider’s stock valued at $31,334,000 after purchasing an additional 4,577 shares during the last quarter. Hedge funds and other institutional investors own 73.93% of the company’s stock.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the transaction, the general counsel now directly owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.88% of the stock is owned by corporate insiders.

A number of equities research analysts have recently commented on the stock. Jefferies Group set a $111.00 price objective on shares of J P Morgan Chase & Co and gave the company a “buy” rating in a research note on Friday, October 13th. Keefe, Bruyette & Woods set a $96.00 price objective on shares of J P Morgan Chase & Co and gave the company a “hold” rating in a research note on Saturday, August 19th. Vetr raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price objective on the stock in a research note on Wednesday, September 6th. BMO Capital Markets upped their price objective on shares of J P Morgan Chase & Co from $86.00 to $91.00 and gave the company a “market perform” rating in a research note on Friday, October 13th. Finally, Zacks Investment Research lowered shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $92.18.

Shares of J P Morgan Chase & Co (JPM) traded down $1.23 during midday trading on Wednesday, reaching $105.72. 17,192,900 shares of the company traded hands, compared to its average volume of 14,004,277. The company has a market capitalization of $371,087.16, a price-to-earnings ratio of 15.41, a PEG ratio of 2.32 and a beta of 1.22. J P Morgan Chase & Co has a fifty-two week low of $81.64 and a fifty-two week high of $108.40. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03.

J P Morgan Chase & Co (NYSE:JPM) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.09. The business had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. J P Morgan Chase & Co’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.58 earnings per share. equities analysts anticipate that J P Morgan Chase & Co will post 6.91 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This piece was reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://www.com-unik.info/2017/12/06/mark-sheptoff-financial-planning-llc-sells-1-shares-of-j-p-morgan-chase-co-jpm.html.

J P Morgan Chase & Co Profile

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.

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

Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

What are top analysts saying about J P Morgan Chase & Co? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for J P Morgan Chase & Co and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit