JP Morgan Chase & Co (NYSE:JPM).
Thornburg Investment Management Inc reports that it lowered its stake in JP Morgan Chase & Co by 12,024 shares in the last quarter. Its stake was valued at $584,982,000 an increase of 4.3% according to the filing.
These firms have modified their investment in JPM. As of quarter end Omers Administration Corp had acquired 345,705 shares growing its position 24.4%. The value of the investment in (JPM) increased from $129,253,000 to $168,084,000 a change of 30.0% for the reporting period. As of the end of the quarter Agf Investments Inc. had bought a total of 122,912 shares growing its holdings by 6.0%. The value of the investment in JP Morgan Chase & Co went from $187,014,000 to $207,094,000 increasing 10.7% quarter over quarter.
Thomaspartners, Inc. added to its investment by buying 22,874 shares an increase of 0.9% as of 09/30/2017. Thomaspartners, Inc. owns 2,678,840 shares worth $255,856,000. The value of the position overall is up by 5.4%.
Wells Fargo & Company raised the price target of the stock on October 27 changing the price objective from $110.00 to $115.00 with a “Outperform” recommendation. Equity analyst Nomura raised the price target on October 13 boosting the projection from $87.00 to $91.00 and issued a “Neutral” rating.
Barclays PLC raised the price target on October 13 changing the forecast from $100.00 to $105.00 with a rating of “Overweight”. On October 13 analysts at Jefferies Group LLC updated coverage of JPM with a rating of “Buy” and a price target of $111.00.
Equity analyst BMO Capital Markets raised the price target on October 13 changing the price objective from $86.00 to $91.00 and issued a “Market Perform” recommendation. Bank of America Corporation updated guidance on JPM stating a rating of “Buy” and setting a price target of $102.00.
The company is up from yesterday’s close of 97.27. The P/E ratio is 14.11 and market capitalization is 341.35B. As of the last earnings report the EPS was $6.97 with 3.47B shares outstanding.
Traders are more bullish on shares of the company of late as shown by the fall in short interest. The firm saw a fall in short interest of -7.50% as of the latest report on October 13, 2017. Short interest decreased from 29,217,232 to 27,026,628 over that timeframe. Days to cover decreased -1.0 to 2.0 and the short interest percentage is 0.01% as of October 13.