What’s in JP Morgan Chase & CO (NYSE:JPM) After Decline in Shorted Shares?

JPMorgan Chase & Co. (NYSE:JPM) Logo

Investors sentiment increased to 1.14 in 2019 Q2. Its up 0.04, from 1.1 in 2019Q1. It improved, as 46 investors sold JPMorgan Chase & Co. shares while 669 reduced holdings. 137 funds opened positions while 678 raised stakes. 2.21 billion shares or 4.87% less from 2.32 billion shares in 2019Q1 were reported.
Kentucky Retirement Sys Insurance Fund stated it has 1.52% in JPMorgan Chase & Co. (NYSE:JPM). M Kraus & Co invested in 0.39% or 6,305 shares. Shamrock Asset Mngmt Ltd Liability holds 0.81% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 10,191 shares. Inv Advsr Ltd Liability Corporation reported 82,929 shares or 0.51% of all its holdings. Schulhoff And Company accumulated 3.3% or 57,160 shares. Pennsylvania-based Jfs Wealth Ltd Liability has invested 0.16% in JPMorgan Chase & Co. (NYSE:JPM). Family Firm invested in 0.26% or 6,459 shares. Woodmont Investment Counsel Limited Liability Corporation, Tennessee-based fund reported 33,289 shares. Blackrock Inc reported 1.03% in JPMorgan Chase & Co. (NYSE:JPM). Moreover, Mason Street Advisors Ltd Co has 1.1% invested in JPMorgan Chase & Co. (NYSE:JPM) for 462,647 shares. Renaissance Ltd has invested 0.29% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Kj Harrison And Partners reported 19,934 shares. State Of Alaska Department Of Revenue stated it has 412,400 shares or 0.78% of all its holdings. Orleans Capital Management Corporation La owns 20,395 shares for 1.72% of their portfolio. Hbk Investments L P accumulated 33,074 shares or 0.06% of the stock.

Since April 16, 2019, it had 3 insider buys, and 0 selling transactions for $4.19 million activity.

The stock of JP Morgan Chase & CO (NYSE:JPM) registered a decrease of 1.6% in short interest. JPM’s total short interest was 22.49 million shares in September as published by FINRA. Its down 1.6% from 22.85 million shares, reported previously. With 11.28 million shares average volume, it will take short sellers 2 days to cover their JPM’s short positions. The short interest to JP Morgan Chase & CO’s float is 0.69%.

The stock increased 1.97% or $2.32 during the last trading session, reaching $120.23. About 15.28 million shares traded or 31.44% up from the average. JPMorgan Chase & Co. (NYSE:JPM) has declined 0.63% since September 13, 2018 and is downtrending. It has underperformed by 0.63% the S&P500.

JPMorgan Chase & Co. operates as a financial services firm worldwide. The company has market cap of $384.43 billion. It operates through Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management divisions. It has a 12.29 P/E ratio. The Consumer & Community Banking segment offers deposit and investment services and products to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment services, payment processing services, auto loans and leases, and student loans.

JPMorgan Chase & Co. (NYSE:JPM) Ratings Coverage

Among 3 analysts covering J P Morgan Chase & (NYSE:JPM), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. J P Morgan Chase & has $132 highest and $118 lowest target. $126.67’s average target is 5.36% above currents $120.23 stock price. J P Morgan Chase & had 8 analyst reports since March 18, 2019 according to SRatingsIntel. The stock has “Overweight” rating by Morgan Stanley on Monday, April 15. The stock has “Market Perform” rating by BMO Capital Markets on Monday, April 15. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Outperform” rating given on Monday, April 15 by Credit Suisse.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Fool.com which released: “Better Buy: Bank of America vs. JPMorgan Chase – The Motley Fool” on August 23, 2019, also Seekingalpha.com with their article: “Agco and Oshkosh upgraded, Actuant downgraded at J.P. Morgan – Seeking Alpha” published on September 11, 2019, Schaeffersresearch.com published: “2 Bank Stocks Hit With Pre-Fed Bear Notes – Schaeffers Research” on September 06, 2019. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Benzinga.com and their article: “JPMorgan CEO Jamie Dimon: Potential For Zero Rates ‘Obviously’ A Concern – Benzinga” published on September 11, 2019 as well as Finance.Yahoo.com‘s news article titled: “3 Stocks to Buy As Sector Rotation Heats Up – Yahoo Finance” with publication date: September 12, 2019.

JPMorgan Chase & Co. (NYSE:JPM) Institutional Positions Chart

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