Banks led a slide in USA stocks on Friday, as results from big lenders including JPMorgan failed to enthuse investors keeping a wary eye on Russia's plan to consider banning some US imports. BACON ASHLEY sold $1.84 million worth of JPMorgan Chase & Co.
The first quarter of 2018 was a memorable one for JPMorgan Chase & Co. Also, the number of hedge funds holding Community Financial Corp in top ten positions was flat from 0 to 0 for the same number. JPMorgan Chase accounts for 1.6% of Foundry Partners LLC's investment portfolio, making the stock its biggest position. This stock's ATR (Average True Range) is now 2.94, and its beta factor is now 1.23. Morgan Stanley gave the stock an Overweight rating, while setting a price target at $136 in a research note from Wednesday, February 21st, 2018.
Snapshot: On Thursday, Shares of JPMorgan Chase & Co., (NYSE: JPM), performed 2.49 percent and closed at $113.37 in the last trading session. Kistler Tiffany Companies LLC lifted its holdings in shares of JPMorgan Chase by 2.9% in the 4th quarter. The firm's quarterly revenue was up 12.0% compared to the same quarter a year ago. By selling 57,900 shares Glg Llc made the stock popped up with 0.67%.
A number of brokerages have recently weighed in on JPM. Jpmorgan Chase & has $389.57 billion market cap. Buckingham Research lowered J P Morgan Chase & Co from a "buy" rating to a "neutral" rating and upped their target price for the company from $71.00 to $74.00 in a research report on Monday, October 17th. JPMorgan Chase now has a consensus rating of "Hold" and an average target price of $112.47.
Shares of JPMorgan Chase stock traded down $3.07 during midday trading on Friday, hitting $110.30.
Analysts Mean Recommendation/Target Price/Volume: The stock exchanged hands with 16331681 numbers of shares contrast to its average daily volume of 16.42M shares. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $379,643.31, a P/E ratio of 16.06, a P/E/G ratio of 1.87 and a beta of 1.24.
Scor (OTCMKTS:SCRYY) last issued its quarterly earnings data on Thursday, February 22nd. The institutional investor held 176,225 shares of the major banks company at the end of 2017Q4, valued at $18.85M, down from 264,337 at the end of the previous reported quarter. Scor had a net margin of 2.05% and a return on equity of 4.34%. Revenue from equity trading surged by 26 percent for the quarter, but investment banking fees declined by 10 percent. The business posted revenue of $25,450.00 million for the three-month period, above $296.3 million, compared to analysts' forecasts of $25,153.70 million with a surprise factor of 1.18%. Shareholders of record on Friday, April 6th will be issued a $0.56 dividend. The ex-dividend date of this dividend was Wednesday, January 4th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.18%. Voya Invest Mgmt Ltd Liability stated it has 1.07% in JPMorgan Chase & Co.
In other JPMorgan Chase news, General Counsel Stacey Friedman sold 17,729 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $84.16, for a total value of $566,228.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Erdoes Mary E. also sold $7.31M worth of JPMorgan Chase & Co. The stock was sold at an average price of $112.25, for a total transaction of $7,307,587.25. The disclosure for this purchase can be found here.
In European stock markets, France's CAC 40 edged up 0.1 percent, and Germany's DAX gained 0.2 percent. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and worldwide trademark & copyright laws. Finally, Cadence Capital Management LLC increased its position in JPMorgan Chase by 5.3% during the second quarter.
Old Point Financial Corporation operates as the bank holding firm for The Old Point National Bank of Phoebus that provides consumer, mortgage, and business banking services for individual, retail, and commercial customers. Free for 14 days - no credit card required!