The institutional investor owned 178,727 shares of the financial services provider’s stock after buying an additional 2,518 shares during the period. True Bearing Asset Management Lp reduced its stake in JPMorgan Chase & Co.by 24.16% during the most recent quarter end.
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A number of other hedge funds have also modified their holdings of the company. J P Morgan Chase & Co got Downgrade on 9-Sep-16 where investment firm Macquarie Downgrade the stock from Outperform to Neutral. Quinn Opportunity Partners LLC now owns 55,900 shares of the financial services provider’s stock valued at $3,691,000 after buying an additional 8,000 shares during the last quarter. JPMorgan Chase’s activities are organized into four business segments. HAL market capitalization is $34.35B with 55000 employees. The company is set at a mean analysts’ recommendation of 2.10. Perkins Coie Trust Co raised its position in shares of JPMorgan Chase & Co.by 10.2% in the second quarter. The stock volatility for week was 1.06% while for month was 0.98%.The stock, as of last close, traded 28.89% to its 52 week low and was changed -1.65% from its 52 week high. (NYSE:JPM) traded down 0.36% during mid-day trading on Friday, reaching $66.41. The company had a trading volume of 19,686,877 shares.
The price/earnings ratio (P/E) is 11.29 and the forward P/E ratio stands at 10.75. The stock price of IR is moving down from its 20 days moving average with -6.46% and isolated negatively from 50 days moving average with -5.36%. (NYSE:JPM) last posted its quarterly earnings results on Thursday, July 14th.
A current consensus EPS estimate for next quarter is at $1.36 and 3 month ago EPS forecast was $1.45. The company had revenue of $24.40 billion for the quarter, compared to the consensus estimate of $23.84 billion. The company’s revenue for the quarter was up 2.5% compared to the same quarter a year ago.
While looking at the Stock’s Performance, J P Morgan Chase & Co now shows a Weekly Performance of -0.83%, where Monthly Performance is 2.1%, Quarterly performance is 5.21%, 6 Months performance is 14.03% and yearly performance percentage is 9.5%.
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Many analysts are providing their Estimated Earnings analysis for J P Morgan Chase & Co and for the current quarter 27 analysts have projected that the stock could give an Average Earnings estimate of $1.38/share. Following the completion of the transaction, the insider now directly owns 14,938 shares of the company’s stock, valued at $955,583.86. Deutsche Bank AG reaffirmed a buy rating and issued a $70.00 price objective on shares of JPMorgan Chase & Co.in a research report on Wednesday, May 18th. 6 advised the “Hold” rating about this stock. Finally, Jefferies Group reiterated a “buy” rating on shares of JPMorgan Chase & Co.in a research report on Sunday, July 17th. The stock has relative volume of 1.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Gordon Smith sold 23,735 shares of the firm’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $63.91, for a total value of $255,064.81. Following the transaction, the chief operating officer now owns 282,287 shares of the company’s stock, valued at approximately $18,040,962.17.
