First Heartland Consultants Inc. Has $372,000 Holdings in JPMorgan Chase & Co. (JPM)

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First Heartland Consultants Inc. lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 12.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,298 shares of the financial services provider’s stock after selling 480 shares during the period. First Heartland Consultants Inc.’s holdings in JPMorgan Chase & Co. were worth $372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of JPM. Granite Investment Partners LLC grew its stake in JPMorgan Chase & Co. by 35.7% in the second quarter. Granite Investment Partners LLC now owns 40,977 shares of the financial services provider’s stock valued at $4,270,000 after purchasing an additional 10,790 shares during the last quarter. Investment Management of Virginia LLC grew its stake in JPMorgan Chase & Co. by 2.3% in the second quarter. Investment Management of Virginia LLC now owns 36,457 shares of the financial services provider’s stock valued at $3,799,000 after purchasing an additional 810 shares during the last quarter. Newport Wealth Strategies Inc. grew its stake in JPMorgan Chase & Co. by 10.3% in the second quarter. Newport Wealth Strategies Inc. now owns 12,584 shares of the financial services provider’s stock valued at $1,311,000 after purchasing an additional 1,176 shares during the last quarter. Checchi Capital Advisers LLC grew its stake in JPMorgan Chase & Co. by 2.9% in the second quarter. Checchi Capital Advisers LLC now owns 36,593 shares of the financial services provider’s stock valued at $3,813,000 after purchasing an additional 1,028 shares during the last quarter. Finally, QCI Asset Management Inc. NY grew its stake in JPMorgan Chase & Co. by 1.3% in the second quarter. QCI Asset Management Inc. NY now owns 182,008 shares of the financial services provider’s stock valued at $18,965,000 after purchasing an additional 2,324 shares during the last quarter. Institutional investors own 69.08% of the company’s stock.

JPMorgan Chase & Co. stock opened at $105.34 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.00 and a quick ratio of 1.00. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $119.24. The stock has a market cap of $358.26 billion, a P/E ratio of 11.70, a PEG ratio of 1.60 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, January 15th. The financial services provider reported $1.98 EPS for the quarter, missing the Zacks’ consensus estimate of $2.20 by ($0.22). JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. The firm had revenue of $26.10 billion for the quarter, compared to analyst estimates of $26.69 billion. During the same period last year, the firm earned $1.76 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 9.73 EPS for the current fiscal year.

In other news, Director James S. Crown bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The stock was purchased at an average price of $103.79 per share, with a total value of $518,950.00. Following the completion of the acquisition, the director now directly owns 311,447 shares of the company’s stock, valued at approximately $32,325,084.13. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Peter Scher sold 18,679 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $105.00, for a total value of $1,961,295.00. Following the sale, the insider now directly owns 23,471 shares of the company’s stock, valued at approximately $2,464,455. The disclosure for this sale can be found here. Insiders have sold 39,191 shares of company stock valued at $4,102,110 in the last ninety days. Corporate insiders own 0.73% of the company’s stock.

Several equities analysts have issued reports on JPM shares. Barclays lifted their target price on JPMorgan Chase & Co. from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, January 2nd. Wells Fargo & Co restated a “buy jpm” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, December 20th. Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Monday, December 10th. BMO Capital Markets dropped their price target on JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating on the stock in a research note on Thursday, February 28th. Finally, Jefferies Financial Group lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 price target on the stock. in a research note on Tuesday, January 8th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $122.87.

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JPMorgan Chase & Co. Company 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.

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

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