Hennessy Advisors Inc. Grows Stake in JPMorgan Chase (NYSE:JPM)

15 April, 2018, 00:36 | Author: Elaine Woods
  • JP Morgan Chase reveals first-quarter profit jumped to $8.7bn

142 funds acquired stakes and 611 increased stakes. Smith Chas P & Associates PA Cpas now owns 282,482 shares of the financial services provider's stock worth $25,819,000 after acquiring an additional 1,220 shares during the last quarter. Mechanics National Bank & Trust Tru Department stated it has 0.85% in JPMorgan Chase & Co. D Scott Neal Inc owns 333 shs. Scher Peter also sold $1.91 million worth of JPMorgan Chase & Co. (NYSE:JPM). Reilly Financial Limited Liability Company owns 0.08% invested in JPMorgan Chase & Co. That suggests something of the likelihood of a short squeeze in shares of JPM. Boyd Watterson Asset Mngmt Llc Oh holds 1.98% or 38,270 shares in its portfolio. Ruffer Limited Liability Partnership holds 797,073 shs or 3.47% of its capital. Pension Service, a Korea-based fund reported 2.76M shs. (NYSE:JPM). Michigan-based Solutions Ltd Liability Corp has invested 0% in JPMorgan Chase & Co. Finally, Societe Generale lowered shares of JPMorgan Chase from a "buy" rating to a "hold" rating in a report on Tuesday, January 9th. (NYSE:JPM) for 4,090 shs. 28 are the (NYSE:JPM)'s analyst reports since November 13, 2017 according to StockzIntelligence Inc. Cornerstone Cap has invested 0.07% in JPMorgan Chase & Co.

Earnings per Share Details of JPMorgan Chase & Co.: The EPS of JPM is strolling at 6.88, measuring its EPS growth this year at 10.5 percent. (NYSE:JPM) has "Buy" rating given by RBC Capital Markets. Petno Douglas B had sold 48,344 shs worth $5.43M. (NYSE:JPM) now has a "Sell" signals on Composite indicators by TrendSpotter. (NYSE:JPM). Brave Asset accumulated 17,906 shares. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. On Saturday, January 13 the insider Lake Marianne sold $1.03M. Giles Nicole had sold 3,783 shares worth $425,399 on Saturday, January 13.

Hennessy Advisors Inc. raised its position in JPMorgan Chase (NYSE:JPM) by 121.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). Connable Office Inc sold 5,533 shares as the company's stock rose 0.67% while stock markets declined. The institutional investor held 6.25 million shares of the major banks company at the end of 2017Q4, valued at $668.06 million, up from 6.12M at the end of the previous reported quarter. It's down from 274,525 at the end of the previous reported quarter. Buckingham Research raised shares of JPMorgan Chase from a "neutral" rating to a "buy" rating in a research report on Thursday, December 21st.

JPMorgan Chase & Co. shares rose $1.89 (+1.67%) in premarket trading Friday.

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Analysts also cited optimism over the forthcoming earnings period, which begins in earnest on Friday with reports from JPMorgan Chase and other large banks. (NYSE:JPM) stock. Among that group, 8 of them gave BUY ratings, 8 of them rated the stock as OUTPERFORM, 14 recommended it as HOLD, 0 set the rating at UNDERPERFORM and 1 rated it as a SELL. It also reduced its holding in Citigroup Inc (NYSE:C) by 140,700 shares in the quarter, leaving it with 3.05 million shares, and cut its stake in Unsp Adr. The positive are 65%. The company's distance from 52-week high price is -4.99 percent and while the current price is 38.87 percent from 52-week low price. J P Morgan Chase & Co now has a consensus rating of "Hold" and an average price target of $77.08.

In total 17 analysts cover JP Morgan Chase (NYSE:JPM). The rating was maintained by Argus Research with "Buy" on Friday, January 15. JPMorgan Chase accounts for 1.6% of Foundry Partners LLC's investment portfolio, making the stock its biggest position. (NYSE:JPM) with "Buy" rating. The Washington-based Huntington Steele Lc has invested 0.06% in JPMorgan Chase & Co. The firm has "Hold" rating by Credit Suisse given on Thursday, January 11. Apriem Advisors increased its position in JPMorgan Chase by 3.9% during the second quarter. Keefe Bruyette & Woods downgraded the shares of JPM in report on Tuesday, January 17 to "Mkt Perform" rating. The firm earned "Hold" rating on Monday, October 16 by Keefe Bruyette & Woods. On Friday, January 12 the firm has "Hold" rating given by BMO Capital Markets. The stock of Medley Capital Corporation (NYSE:MCC) has "Outperform" rating given on Monday, December 7 by Wells Fargo. The firm has "Hold" rating by Jefferies given on Friday, September 22.

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