JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Hollencrest Capital Management

Hollencrest Capital Management raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 18.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 19,307 shares of the financial services provider’s stock after purchasing an additional 3,033 shares during the period. Hollencrest Capital Management’s holdings in JPMorgan Chase & Co. were worth $3,161,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of JPMorgan Chase & Co. by 4.8% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 20,558 shares of the financial services provider’s stock valued at $3,198,000 after acquiring an additional 937 shares during the last quarter. Gibraltar Capital Management Inc. boosted its stake in shares of JPMorgan Chase & Co. by 8.1% during the second quarter. Gibraltar Capital Management Inc. now owns 42,528 shares of the financial services provider’s stock valued at $6,419,000 after acquiring an additional 3,179 shares during the last quarter. Gradient Investments LLC boosted its stake in shares of JPMorgan Chase & Co. by 7.0% during the second quarter. Gradient Investments LLC now owns 190,284 shares of the financial services provider’s stock valued at $29,597,000 after acquiring an additional 12,480 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 24.4% during the second quarter. Prime Capital Investment Advisors LLC now owns 58,153 shares of the financial services provider’s stock valued at $9,045,000 after acquiring an additional 11,392 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at $3,785,000. 69.51% of the stock is currently owned by institutional investors.

JPM has been the topic of a number of research analyst reports. Berenberg Bank set a $125.00 price target on JPMorgan Chase & Co. in a research note on Monday, October 18th. BMO Capital Markets raised their price target on JPMorgan Chase & Co. from $139.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, October 14th. Morgan Stanley raised their price target on JPMorgan Chase & Co. from $150.00 to $166.00 and gave the stock an “underweight” rating in a research note on Thursday, July 29th. The Goldman Sachs Group set a $198.00 price target on JPMorgan Chase & Co. in a research note on Wednesday, October 13th. Finally, Jefferies Financial Group raised their price objective on JPMorgan Chase & Co. from $177.00 to $198.00 and gave the stock a “buy” rating in a report on Monday, October 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $168.56.

Shares of JPM opened at $166.96 on Thursday. The firm has a market cap of $493.41 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 2.15 and a beta of 1.16. The stock has a 50 day moving average of $166.07 and a 200-day moving average of $160.51. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.17. JPMorgan Chase & Co. has a 52 week low of $117.77 and a 52 week high of $172.96.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Wednesday, October 13th. The financial services provider reported $3.74 EPS for the quarter, topping the consensus estimate of $3.00 by $0.74. The company had revenue of $29.60 billion during the quarter, compared to analyst estimates of $29.63 billion. JPMorgan Chase & Co. had a return on equity of 19.89% and a net margin of 39.41%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.92 EPS. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 14.95 earnings per share for the current fiscal year.

The business also recently disclosed a dividend, which was paid on Wednesday, November 17th. Investors of record on Monday, November 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 12th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.30%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. It provides 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.

Read More: Cost of Goods Sold (COGS)

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

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