Man Group plc Lowers Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Man Group plc decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 6.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,851 shares of the financial services provider’s stock after selling 7,508 shares during the period. Man Group plc’s holdings in JPMorgan Chase & Co. were worth $13,164,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Eukles Asset Management lifted its holdings in shares of JPMorgan Chase & Co. by 36.5% during the 3rd quarter. Eukles Asset Management now owns 318 shares of the financial services provider’s stock valued at $37,000 after buying an additional 85 shares during the period. Morse Asset Management Inc increased its position in JPMorgan Chase & Co. by 1.5% during the second quarter. Morse Asset Management Inc now owns 5,781 shares of the financial services provider’s stock valued at $646,000 after acquiring an additional 86 shares during the last quarter. Shulman DeMeo Asset Management LLC lifted its holdings in JPMorgan Chase & Co. by 1.8% in the third quarter. Shulman DeMeo Asset Management LLC now owns 4,795 shares of the financial services provider’s stock valued at $564,000 after acquiring an additional 86 shares during the period. TPG Financial Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 4.5% in the third quarter. TPG Financial Advisors LLC now owns 2,104 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 90 shares during the period. Finally, Access Financial Services Inc. lifted its holdings in JPMorgan Chase & Co. by 0.5% in the third quarter. Access Financial Services Inc. now owns 19,098 shares of the financial services provider’s stock valued at $2,248,000 after acquiring an additional 90 shares during the period. Institutional investors own 71.89% of the company’s stock.

In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 83,289 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $119.98, for a total value of $9,993,014.22. Following the completion of the sale, the chief executive officer now owns 393,197 shares in the company, valued at approximately $47,175,776.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel E. Pinto sold 64,198 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $130.91, for a total value of $8,404,160.18. Following the completion of the sale, the chief executive officer now owns 451,481 shares of the company’s stock, valued at approximately $59,103,377.71. The disclosure for this sale can be found here. Insiders have sold 152,944 shares of company stock worth $19,088,970 in the last ninety days. Insiders own 0.76% of the company’s stock.

A number of equities research analysts have issued reports on the company. Morgan Stanley restated a “buy” rating and set a $141.00 price target (up from $138.00) on shares of JPMorgan Chase & Co. in a research note on Monday, November 18th. Credit Suisse Group increased their price objective on shares of JPMorgan Chase & Co. from $135.00 to $138.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $131.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. ValuEngine raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Robert W. Baird boosted their target price on shares of JPMorgan Chase & Co. from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $123.48.

NYSE JPM opened at $129.78 on Wednesday. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $132.74. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $413.26 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23. The stock’s 50-day moving average price is $127.65 and its 200-day moving average price is $116.04.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.45 by $0.23. JPMorgan Chase & Co. had a net margin of 24.70% and a return on equity of 14.63%. The company had revenue of $29.34 billion during the quarter, compared to analyst estimates of $28.36 billion. During the same period in the prior year, the firm posted $2.34 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Research analysts anticipate that JPMorgan Chase & Co. will post 10.17 EPS for the current year.

JPMorgan Chase & Co. Company Profile

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

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

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