Adams Diversified Equity Fund Inc. Has $16,287,000 Holdings in J P Morgan Chase & Co (JPM)

Adams Diversified Equity Fund Inc. held its stake in J P Morgan Chase & Co (NYSE:JPM) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 178,200 shares of the financial services provider’s stock at the close of the second quarter. Adams Diversified Equity Fund Inc.’s holdings in J P Morgan Chase & Co were worth $16,287,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Paradigm Financial Advisors LLC raised its stake in shares of J P Morgan Chase & Co by 0.3% in the 1st quarter. Paradigm Financial Advisors LLC now owns 6,805 shares of the financial services provider’s stock valued at $597,000 after buying an additional 21 shares in the last quarter. BSW Wealth Partners raised its stake in shares of J P Morgan Chase & Co by 0.5% in the 1st quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock valued at $429,000 after buying an additional 26 shares in the last quarter. Weybosset Research & Management LLC raised its stake in shares of J P Morgan Chase & Co by 0.9% in the 1st quarter. Weybosset Research & Management LLC now owns 3,406 shares of the financial services provider’s stock valued at $299,000 after buying an additional 30 shares in the last quarter. Financial Advisory Service Inc. raised its stake in shares of J P Morgan Chase & Co by 0.7% in the 1st quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock valued at $442,000 after buying an additional 36 shares in the last quarter. Finally, Keel Point LLC raised its stake in shares of J P Morgan Chase & Co by 1.1% in the 1st quarter. Keel Point LLC now owns 3,365 shares of the financial services provider’s stock valued at $296,000 after buying an additional 36 shares in the last quarter. Institutional investors own 78.02% of the company’s stock.

Shares of J P Morgan Chase & Co (NYSE JPM) traded up 1.554% on Tuesday, reaching $91.185. The company’s stock had a trading volume of 7,275,763 shares. The stock has a market cap of $320.83 billion, a P/E ratio of 13.451 and a beta of 1.19. J P Morgan Chase & Co has a 12 month low of $65.11 and a 12 month high of $95.22. The firm’s 50-day moving average price is $91.67 and its 200-day moving average price is $88.99.

J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The firm had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter last year, the firm posted $1.55 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. On average, analysts forecast that J P Morgan Chase & Co will post $6.81 earnings per share for the current fiscal year.

JPM has been the subject of a number of recent research reports. UBS AG restated a “buy” rating and issued a $101.00 price objective on shares of J P Morgan Chase & Co in a research note on Monday, May 15th. Vetr cut shares of J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price objective for the company. in a research note on Monday, May 15th. BMO Capital Markets restated a “hold” rating and issued a $85.00 price objective on shares of J P Morgan Chase & Co in a research note on Thursday, June 1st. Instinet restated a “neutral” rating and issued a $84.00 price objective (down previously from $87.00) on shares of J P Morgan Chase & Co in a research note on Saturday, June 3rd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $92.00 target price on shares of J P Morgan Chase & Co in a research report on Wednesday, June 7th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $85.59.

COPYRIGHT VIOLATION WARNING: “Adams Diversified Equity Fund Inc. Has $16,287,000 Holdings in J P Morgan Chase & Co (JPM)” was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://sportsperspectives.com/2017/09/12/adams-diversified-equity-fund-inc-has-16287000-holdings-in-j-p-morgan-chase-co-jpm.html.

In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total value of $91,290.00. Following the sale, the insider now owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 9,968 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $90.55, for a total value of $902,602.40. Following the completion of the sale, the general counsel now directly owns 10,527 shares in the company, valued at approximately $953,219.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,564 shares of company stock worth $2,605,334. Insiders own 0.88% of the company’s stock.

About J P Morgan Chase & Co

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

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

Latest News

Leave a Reply