Sentry Investments Corp. reduced its position in J P Morgan Chase & Co (NYSE:JPM) by 6.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,625,980 shares of the financial services provider’s stock after selling 110,100 shares during the quarter. J P Morgan Chase & Co comprises about 1.1% of Sentry Investments Corp.’s holdings, making the stock its 21st biggest holding. Sentry Investments Corp.’s holdings in J P Morgan Chase & Co were worth $148,615,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of J P Morgan Chase & Co by 0.8% in the first quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock valued at $14,979,775,000 after acquiring an additional 1,357,194 shares during the period. Legal & General Group Plc boosted its position in shares of J P Morgan Chase & Co by 2.1% in the second quarter. Legal & General Group Plc now owns 17,769,351 shares of the financial services provider’s stock valued at $1,624,143,000 after acquiring an additional 369,878 shares during the period. Jennison Associates LLC boosted its position in shares of J P Morgan Chase & Co by 16.2% in the second quarter. Jennison Associates LLC now owns 13,461,063 shares of the financial services provider’s stock valued at $1,230,341,000 after acquiring an additional 1,880,530 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of J P Morgan Chase & Co by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 12,241,448 shares of the financial services provider’s stock valued at $1,118,869,000 after acquiring an additional 424,317 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of J P Morgan Chase & Co by 1.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,867,688 shares of the financial services provider’s stock valued at $993,307,000 after acquiring an additional 207,812 shares during the period. Institutional investors own 73.93% of the company’s stock.

JPM has been the subject of a number of analyst reports. Wells Fargo & Company initiated coverage on shares of J P Morgan Chase & Co in a research report on Wednesday, August 9th. They issued an “outperform” rating and a $110.00 price objective for the company. Royal Bank Of Canada restated a “buy” rating and issued a $95.00 price objective on shares of J P Morgan Chase & Co in a research report on Friday, August 18th. Keefe, Bruyette & Woods set a $96.00 target price on shares of J P Morgan Chase & Co and gave the company a “hold” rating in a research report on Saturday, August 19th. Zacks Investment Research upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Thursday, August 24th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $86.00 target price on shares of J P Morgan Chase & Co in a research report on Friday, August 25th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have given a buy rating to the stock. J P Morgan Chase & Co currently has a consensus rating of “Hold” and a consensus price target of $92.18.

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 that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the transaction, the general counsel now directly owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.88% of the company’s stock.

J P Morgan Chase & Co (NYSE JPM) traded down $1.23 during mid-day trading on Wednesday, hitting $105.72. 17,192,900 shares of the company’s stock traded hands, compared to its average volume of 14,004,277. The stock has a market capitalization of $371,087.16, a P/E ratio of 15.41, a PEG ratio of 2.32 and a beta of 1.22. J P Morgan Chase & Co has a 52-week low of $81.64 and a 52-week high of $108.40. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.67 by $0.09. The firm had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $1.58 earnings per share. equities analysts forecast that J P Morgan Chase & Co will post 6.91 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this article on another publication, it was stolen and republished in violation of US and international copyright legislation. The legal version of this article can be viewed at https://theolympiareport.com/2017/12/06/sentry-investments-corp-cuts-holdings-in-j-p-morgan-chase-co-jpm.html.

J P Morgan Chase & Co Company Profile

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 Analyst Ratings Network's FREE daily email newsletter.