JPMorgan Chase reports higher profits, upbeat outlook
15 April, 2018, 01:27
Foundry Partners LLC reduced its position in shares of JPMorgan Chase (NYSE:JPM) by 4.7% during the 4th quarter, HoldingsChannel.com reports. Beach Investment Management LLC. now owns 559,171 shares of the financial services provider's stock worth $51,108,000 after acquiring an additional 513,241 shares during the last quarter. About 305,007 shares traded. FactSet Research Systems Inc.
- Quarterly profit rose to $8.7 billion, or $2.37 a share, from $6.45 billion, or $1.65, a year earlier. (NYSE:JPM) gained 2.49 Percent and closed its previous trading session at $113.37.
The Dow Jones industrial average lost 78 points, or 0.3 percent, to 24,404. Since April 13, 2017 JPM has risen 23.99% and is uptrending. JPM outperformed the S&P500 by 12.44%.
Among 19 analysts covering FactSet Research Systems Inc. The positive are 65%.
Several equities analysts have commented on the stock. The stock of Baidu, Inc. (NYSE:JPM) earned "Buy" rating by Jefferies. Raymond James downgraded FactSet Research Systems Inc. Robert W. Baird maintained it with "Hold" rating and $88.0 target in Wednesday, September 20 report. Northwest Quadrant Wealth Management LLC acquired a new stake in J P Morgan Chase & Co during the fourth quarter worth about $125,000. In Tuesday, January 16 report Sandler O'Neill maintained it with "Hold" rating and $120.0 target. The company was maintained on Tuesday, January 2 by Barclays Capital. On Thursday, December 21 the firm has "Buy" rating by Buckingham Research given. The stock rating was maintained by Nomura with "Neutral" on Wednesday, February 28.
JPMorgan Chase stock opened at $110.30 on Friday. On Wednesday, November 15 the firm has "Hold" rating given by Robert W. Baird. Wells Fargo maintained it with "Buy" rating and $130.0 target in Wednesday, January 17 report.
It is down 0.00% since April 13, 2017 and is. Its down 0.20, from 1.08 in 2017Q3. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. (NYSE:CTL). Exxonmobil Invest Mngmt Incorporated Tx has invested 0.07% in CenturyLink, Inc. (NYSE:JPM) has "Outperform" rating given by Credit Suisse. Moreover, Cibc World has 0% invested in CenturyLink, Inc. Walthausen Lc accumulated 500,000 shares. Rockland Trust Co. lifted its holdings in shares of JPMorgan Chase by 41.5% in the 4th quarter. B And T Capital Management Dba Alpha Capital Management owns 42,544 shs. (NYSE:CTL) for 22,598 shares. Ontario - Canada-based Cibc Asset has invested 0% in FactSet Research Systems Inc. Dubuque Bank & Trust owns 170,979 shares or 2.77% of their United States portfolio. Verity And Verity Limited Liability Co, a South Carolina-based fund reported 99,265 shs. Ameriprise Finance invested 0% in Medley Capital Corporation (NYSE:MCC). The stock has "Buy" rating by Citigroup on Monday, October 5. The loss pared the index's gain for the week to 2 percent.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th.
JPM had 9 insider sales and 1 buy since October 25, 2017. Petno Douglas B had sold 48,344 shs worth $5.43M. Also, insider Peter Scher sold 26,532 shares of the business's stock in a transaction dated Friday, January 19th. (NYSE:JPM) for 3,866 shares. On Saturday, January 13 $5.43M worth of JPMorgan Chase & Co. Erdoes Mary E. sold $7.31M worth of stock. Another trade for 17,729 shares valued at $1.99M was sold by Friedman Stacey. Finally, Zacks Investment Research lowered shares of JPMorgan Chase from a "buy" rating to a "hold" rating in a research report on Tuesday, March 6th. Stockholders of record on Friday, April 6th will be issued a dividend of $0.56 per share. Its up 1.04, from 0.95 in 2017Q3. (NYSE:JPM) stock has increased in price by 1.33%. 611 increased stakes while 142 funds took stakes. Regentatlantic Capital Ltd Liability holds 29,869 shares or 0.26% of its portfolio. Pl Capital Advisors Llc owns 308,562 shares or 2.43% of their USA portfolio. Schnieders Capital Management Ltd Co holds 2.52% or 57,058 shares in its portfolio. (NYSE:JPM) has the Market Capitalization of 399.03 Billion.
Investors sentiment increased to 0.5 in Q4 2017. Alliancebernstein LP has invested 1.15% in JPMorgan Chase & Co. (NYSE:JPM) for 2,266 shares.
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