The financial services provider reported $1.76 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.67 by $0.09.
COPYRIGHT VIOLATION NOTICE: "Wedge Capital Management L L P NC Has $32.73 Million Holdings in J P Morgan Chase & Co (JPM)" was posted by StockNewsTimes and is the property of of StockNewsTimes. Over the past five trading sessions it is -1.42%; -0.36% for the month; 6.94% for the last quarter; 1.09% for the past six-months; and 13.03% for the last 12 months. Berenberg initiated JPMorgan Chase & Co. HRG Group Inc (NYSE:HRG) has risen 28.87% since November 12, 2016 and is uptrending. It has outperformed by 17.04% the S&P500.
Davis Selected Advisers increased Wells Fargo & Co. The stock has a market cap of $309.59 billion, a price-to-earnings ratio of 14.93 and a beta of 1.53. Finally, Morgan Stanley raised their price target on shares of J P Morgan Chase & Co from $99.00 to $107.00 and gave the stock an "overweight" rating in a report on Friday, October 13th. Bronson Point Management Llc who had been investing in Coca Cola Co for a number of months, seems to be bullish on the $199.06 billion market cap company. About shares traded. Controladora Vuela Co Avcn SA CV (ADR) (NYSE:VLRS) has declined 33.79% since November 14, 2016 and is downtrending. It has underperformed by 2.10% the S&P500. Pacific Center for Financial Services boosted its stake in shares of J P Morgan Chase & Co by 14.5% in the first quarter. Fragasso Gp Incorporated invested 0.79% in JPMorgan Chase & Co. Sandy Spring Comml Bank reported 1.29% of its portfolio in JPMorgan Chase & Co. Therefore 89% are positive. However, technicians believes that a higher ratio would indicate the likelihood of a constant augmentation of the company's share price. Cumberland Partners Ltd's holdings in J P Morgan Chase & Co were worth $37,635,000 at the end of the most recent reporting period. Argus Research maintained JPMorgan Chase & Co. (NYSE:JPM) earned "Outperform" rating by BMO Capital Markets on Wednesday, September 16. BMO Capital Markets maintained the shares of JPM in report on Wednesday, August 23 with "Hold" rating. Atlantic Securities upgraded the stock to "Overweight" rating in Monday, January 18 report.
In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of J P Morgan Chase & Co stock in a transaction on Thursday, October 26th. On October 13 analysts at Bank of America Corporation updated coverage of JPM with a rating of "Buy" and a price target of $102.00. Robert W. Baird has "Neutral" rating and $72 target. Over the last couple of years, JPMorgan Chase expanded its bottom line faster than revenue by effectively controlling its costs. The firm earned "Buy" rating on Thursday, May 19 by Goldman Sachs. This means that any tailwind the industry is gaining from, JPMorgan Chase is able to leverage this to its advantage. (NYSE:JPM) for 653,281 shares. As per Tuesday, January 3, the company rating was maintained by Barclays Capital. The rating was downgraded by RBC Capital Markets to "Outperform" on Thursday, January 5. The stock has "Hold" rating by Deutsche Bank on Tuesday, September 26.
Investors sentiment increased to 1.19 in Q2 2017. Its down 0.06, from 0.94 in 2017Q1.
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JPMorgan Chase & Co. has a consensus outperform rating from 29 Wall Street analysts, and the number of shares now sold short amount to at least 0.79% of shares outstanding.
Other institutional investors and hedge funds have also recently made changes to their positions in the company.
Neumeier Poma Investment Counsel Llc holds 3.24% of its portfolio in Neenah Paper, Inc. for 345,925 shares. The firm owned 74,750 shares of the financial services provider's stock after selling 5,000 shares during the period. Opus Capital Group Llc, a Ohio-based fund reported 52,795 shares. Cardinal holds 153,473 shares. Wealthtrust holds 0.04% or 312 shares in its portfolio. Dodge & Cox now owns 27,832,599 shares of the financial services provider's stock worth $1,729,518,000 after buying an additional 1,415,650 shares during the period. Provise Mngmt Group Llc reported 21,119 shares or 0.39% of all its holdings. Dumont And Blake Inv Ltd Co reported 0.55% stake. Norman Fields Gottscho Capital Mngmt Ltd Liability has 1.51% invested in Mastercard Inc (NYSE:MA). (NYSE:JPM). Glob Thematic Partners Ltd Liability Corp has 770,311 shares for 2.27% of their portfolio. Moreover, Copper Rock Capital Ltd has 0.03% invested in JPMorgan Chase & Co.
Taurus Asset Management Llc increased Jpmorgan Chase & Co (JPM) stake by 34.85% reported in 2017Q2 SEC filing. Analysts anticipate that JPMorgan Chase & Co. will post $5.89 earnings per share for the current year. (NYSE:JPM). Raymond James Associates has 4.75M shares. Alpha Cubed Limited Liability Company invested in 143,611 shares.
Since May 24, 2017, it had 0 insider buys, and 2 sales for $17.26 million activity. Cullen Frost Bankers reported 206,196 shares. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have assigned a buy rating to the stock. Therefore 88% are positive. Coca-Cola had 62 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Wednesday, August 23 with "Buy".
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