Thompson Siegel & Walmsley LLC Has $13.77 Million Stake in JPMorgan Chase & Co. (JPM)

Thompson Siegel & Walmsley LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 8.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,112 shares of the financial services provider’s stock after buying an additional 10,290 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in JPMorgan Chase & Co. were worth $13,766,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Quad Cities Investment Group LLC bought a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at approximately $124,000. Ballew Advisors Inc grew its holdings in shares of JPMorgan Chase & Co. by 104.2% during the 2nd quarter. Ballew Advisors Inc now owns 1,213 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 619 shares during the last quarter. Kwmg LLC bought a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at approximately $158,000. Stelac Advisory Services LLC bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at approximately $162,000. Finally, TradeLink Capital LLC bought a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at approximately $179,000. Institutional investors own 70.26% of the company’s stock.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 1,150 shares of JPMorgan Chase & Co. stock in a transaction on Friday, October 19th. The shares were purchased at an average cost of $108.94 per share, with a total value of $125,281.00. Following the acquisition, the director now directly owns 2,632 shares of the company’s stock, valued at approximately $286,730.08. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.73% of the company’s stock.

JPM opened at $107.23 on Thursday. JPMorgan Chase & Co. has a fifty-two week low of $102.20 and a fifty-two week high of $119.33. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $368.01 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 1.74 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. The firm had revenue of $27.26 billion for the quarter, compared to analyst estimates of $27.20 billion. During the same period in the previous year, the firm posted $1.76 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 9.26 EPS for the current fiscal year.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a report on Wednesday. Wolfe Research assumed coverage on shares of JPMorgan Chase & Co. in a report on Tuesday, September 25th. They set an “outperform” rating on the stock. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a report on Monday, September 17th. BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. to $124.00 and gave the company a “market perform” rating in a report on Monday, October 15th. Finally, Wells Fargo & Co set a $130.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Thursday, November 15th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $123.74.

TRADEMARK VIOLATION WARNING: This piece of content was reported by Markets Daily and is the property of of Markets Daily. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://www.themarketsdaily.com/2018/12/06/thompson-siegel-walmsley-llc-has-13-77-million-stake-in-jpmorgan-chase-co-jpm.html.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

Recommended Story: Hedge Funds

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply