Teachers Advisors LLC lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,653,575 shares of the financial services provider’s stock after selling 151,069 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.0% of Teachers Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Teachers Advisors LLC owned 0.22% of JPMorgan Chase & Co. worth $863,629,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in JPM. Arthur M. Cohen & Associates LLC increased its holdings in JPMorgan Chase & Co. by 6.7% during the second quarter. Arthur M. Cohen & Associates LLC now owns 7,018 shares of the financial services provider’s stock worth $732,000 after buying an additional 440 shares during the last quarter. Youngs Advisory Group Inc. increased its holdings in JPMorgan Chase & Co. by 12.2% during the third quarter. Youngs Advisory Group Inc. now owns 4,243 shares of the financial services provider’s stock worth $479,000 after buying an additional 460 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in JPMorgan Chase & Co. by 8.7% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,830 shares of the financial services provider’s stock worth $658,000 after buying an additional 467 shares during the last quarter. Palisade Asset Management LLC increased its holdings in JPMorgan Chase & Co. by 5.0% during the third quarter. Palisade Asset Management LLC now owns 9,941 shares of the financial services provider’s stock worth $1,122,000 after buying an additional 473 shares during the last quarter. Finally, Mcmillion Capital Management Inc. increased its holdings in JPMorgan Chase & Co. by 1.1% during the third quarter. Mcmillion Capital Management Inc. now owns 43,338 shares of the financial services provider’s stock worth $4,890,000 after buying an additional 473 shares during the last quarter. 69.08% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on JPM. BMO Capital Markets lowered their target price on shares of JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating on the stock in a report on Thursday, February 28th. Barclays restated a “buy” rating and set a $140.00 target price on shares of JPMorgan Chase & Co. in a report on Thursday, February 21st. Wells Fargo & Co reaffirmed an “outperform” rating and set a $130.00 price objective (up from $121.00) on shares of JPMorgan Chase & Co. in a research report on Thursday, February 14th. Daiwa Capital Markets cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Friday, February 8th. Finally, Morgan Stanley reduced their price objective on shares of JPMorgan Chase & Co. from $131.00 to $124.00 and set an “overweight” rating for the company in a research report on Tuesday, January 8th. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $122.87.

In other news, General Counsel Stacey Friedman sold 3,022 shares of the business’s stock in a transaction dated Tuesday, January 29th. The shares were sold at an average price of $105.00, for a total value of $317,310.00. Following the completion of the sale, the general counsel now owns 12,519 shares of the company’s stock, valued at $1,314,495. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ashley Bacon sold 5,831 shares of the business’s stock in a transaction dated Wednesday, January 16th. The shares were sold at an average price of $102.78, for a total transaction of $599,310.18. Following the completion of the sale, the insider now directly owns 98,838 shares of the company’s stock, valued at approximately $10,158,569.64. The disclosure for this sale can be found here. In the last three months, insiders sold 39,191 shares of company stock valued at $4,102,110. 0.73% of the stock is currently owned by company insiders.

Shares of JPMorgan Chase & Co. stock traded up $0.11 during trading on Friday, reaching $105.45. The company’s stock had a trading volume of 5,174,425 shares, compared to its average volume of 13,286,595. The stock has a market cap of $361.52 billion, a PE ratio of 11.72, a PEG ratio of 1.60 and a beta of 1.12. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $119.24. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.00 and a current ratio of 1.00.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.20 by ($0.22). The business had revenue of $26.10 billion during the quarter, compared to the consensus estimate of $26.69 billion. JPMorgan Chase & Co. had a net margin of 24.71% and a return on equity of 14.07%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.76 EPS. Equities research analysts predict that JPMorgan Chase & Co. will post 9.73 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “JPMorgan Chase & Co. (JPM) is Teachers Advisors LLC’s 5th Largest Position” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & international copyright laws. The original version of this news story can be accessed at https://www.thecerbatgem.com/2019/03/15/jpmorgan-chase-co-jpm-is-teachers-advisors-llcs-5th-largest-position.html.

About JPMorgan Chase & Co.

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.

Further Reading: Bear Market – How and Why They Occur

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.