Schnieders Capital Management LLC Has $10.13 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Schnieders Capital Management LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 10.3% in the 2nd quarter, Holdings Channel reports. The firm owned 65,095 shares of the financial services provider’s stock after buying an additional 6,058 shares during the quarter. JPMorgan Chase & Co. accounts for 2.8% of Schnieders Capital Management LLC’s holdings, making the stock its 7th largest position. Schnieders Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $10,125,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of JPM. Capital International Investors boosted its stake in shares of JPMorgan Chase & Co. by 7.8% during the 1st quarter. Capital International Investors now owns 38,321,985 shares of the financial services provider’s stock worth $5,834,601,000 after acquiring an additional 2,769,555 shares during the last quarter. Standard Life Aberdeen plc boosted its stake in shares of JPMorgan Chase & Co. by 129.4% during the first quarter. Standard Life Aberdeen plc now owns 3,455,472 shares of the financial services provider’s stock valued at $526,389,000 after purchasing an additional 1,948,850 shares during the period. Prudential Financial Inc. grew its position in shares of JPMorgan Chase & Co. by 41.8% during the 1st quarter. Prudential Financial Inc. now owns 5,107,040 shares of the financial services provider’s stock worth $777,444,000 after buying an additional 1,504,501 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of JPMorgan Chase & Co. by 10.1% during the first quarter. UBS Asset Management Americas Inc. now owns 14,424,504 shares of the financial services provider’s stock valued at $2,195,842,000 after buying an additional 1,323,812 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of JPMorgan Chase & Co. by 33.8% during the first quarter. Bessemer Group Inc. now owns 5,218,444 shares of the financial services provider’s stock worth $794,404,000 after purchasing an additional 1,316,994 shares in the last quarter. 69.67% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on JPM. Zacks Investment Research cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $173.00 price target for the company. in a research report on Wednesday, June 9th. The Goldman Sachs Group set a $182.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, June 25th. Morgan Stanley boosted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $166.00 and gave the company an “underweight” rating in a report on Thursday, July 29th. BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $136.00 to $141.00 and gave the company a “market perform” rating in a research note on Wednesday, July 14th. Finally, Credit Suisse Group set a $177.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, August 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $167.06.

NYSE JPM traded down $0.44 during trading on Friday, hitting $157.65. The stock had a trading volume of 245,892 shares, compared to its average volume of 13,671,390. The company has a market capitalization of $471.08 billion, a PE ratio of 10.49, a PEG ratio of 2.24 and a beta of 1.20. JPMorgan Chase & Co. has a twelve month low of $91.38 and a twelve month high of $167.44. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.18. The firm has a 50 day moving average price of $156.31 and a 200 day moving average price of $156.08.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Monday, July 12th. The financial services provider reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.69. The company had revenue of $30.50 billion for the quarter, compared to the consensus estimate of $29.71 billion. JPMorgan Chase & Co. had a return on equity of 19.26% and a net margin of 37.71%. JPMorgan Chase & Co.’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 EPS. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 14.05 earnings per share for the current year.

About JPMorgan Chase & Co.

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.

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

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