Foresters Investment Management Company Inc. Acquires 6,000 Shares of JPMorgan Chase & Co. (JPM)

Foresters Investment Management Company Inc. raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the 1st quarter, Holdings Channel reports. The firm owned 837,008 shares of the financial services provider’s stock after acquiring an additional 6,000 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.5% of Foresters Investment Management Company Inc.’s investment portfolio, making the stock its 3rd biggest position. Foresters Investment Management Company Inc.’s holdings in JPMorgan Chase & Co. were worth $92,046,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Keeler Thomas Management LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $112,000. Price Wealth Management Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $124,000. Financial Gravity Wealth Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth $150,000. FSI Group LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $159,000. Finally, Stelac Advisory Services LLC purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth $162,000. Institutional investors and hedge funds own 72.00% of the company’s stock.

A number of equities analysts have recently issued reports on JPM shares. UBS Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. BMO Capital Markets raised their price target on JPMorgan Chase & Co. from $110.00 to $118.00 and gave the stock a “market perform” rating in a research note on Monday, July 16th. DZ Bank upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Morgan Stanley dropped their price target on JPMorgan Chase & Co. from $138.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, April 30th. Finally, Keefe, Bruyette & Woods restated a “$111.53” rating and issued a $127.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $120.23.



NYSE JPM opened at $114.65 on Wednesday. The firm has a market cap of $397.18 billion, a P/E ratio of 16.69, a P/E/G ratio of 1.90 and a beta of 1.24. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. JPMorgan Chase & Co. has a fifty-two week low of $88.08 and a fifty-two week high of $119.33.

In related news, Director Chase & Co Jpmorgan bought 22,000 shares of the stock in a transaction that occurred on Thursday, May 31st. The shares were bought at an average cost of $1,000.00 per share, for a total transaction of $22,000,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gordon Smith sold 30,725 shares of JPMorgan Chase & Co. stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $114.01, for a total value of $3,502,957.25. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

JPMorgan Chase & Co. 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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