Independent Advisor Alliance raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.1% in the third quarter, HoldingsChannel.com reports. The firm owned 63,540 shares of the financial services provider’s stock after purchasing an additional 1,887 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.7% of Independent Advisor Alliance’s portfolio, making the stock its 12th biggest holding. Independent Advisor Alliance’s holdings in JPMorgan Chase & Co. were worth $6,126,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $102,000. Welch Investments LLC bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $103,000. Legacy Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $106,000. Atlantic Trust LLC bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $136,000. Finally, Lipe & Dalton bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $143,000. 74.59% of the stock is owned by institutional investors and hedge funds.
In other news, General Counsel Stacey Friedman sold 17,729 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $112.33, for a total transaction of $1,991,498.57. Following the completion of the sale, the general counsel now directly owns 21,260 shares of the company’s stock, valued at approximately $2,388,135.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ashley Bacon sold 16,434 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total value of $1,844,223.48. Following the sale, the insider now directly owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,047 shares of company stock valued at $17,098,115. Insiders own 0.88% of the company’s stock.
Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $117.66 on Tuesday. The company has a market capitalization of $405,108.44, a price-to-earnings ratio of 18.68, a P/E/G ratio of 1.99 and a beta of 1.18. JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $119.33. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.01.
JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The firm had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. During the same period last year, the firm posted $1.71 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. equities analysts anticipate that JPMorgan Chase & Co. will post 8.9 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Company 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.
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