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.
Oakbrook Ltd Company holds 126,629 shares or 0.85% of its portfolio. Shoker Invest Counsel Incorporated, a Ohio-based fund reported 25,534 shares. Trust Of Oklahoma invested 0% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Overbrook has invested 2.27% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Huntington Bankshares has 1.74M shares for 3.12% of their portfolio. Advisors Preferred Limited Liability invested in 117 shares or 0% of the stock. Asset Mgmt One invested in 1.82 million shares. Pure Advisors Inc accumulated 2,410 shares. Baskin Fincl owns 181,527 shares. The New York-based Sg Americas Limited Liability Company has invested 1.74% in JPMorgan Chase & Co. (NYSE:JPM). Atlantic Union Bank & Trust has invested 1.98% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Btc Capital Management accumulated 100,715 shares or 1.82% of the stock. Geode Mngmt Limited Liability Corp holds 1.17% or 43.32M shares. Raab And Moskowitz Asset Mngmt Ltd Company holds 0.82% in JPMorgan Chase & Co. (NYSE:JPM) or 16,477 shares. Fort Point Prtnrs Limited Liability owns 5,140 shares or 0.23% of their US portfolio.

Since April 16, 2019, it had 3 buys, and 0 insider sales 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 22.49M shares in September as published by FINRA. Its down 1.6% from 22.85M 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. Morgan Stanley maintained the stock with “Overweight” rating in Monday, April 15 report. BMO Capital Markets maintained the shares of JPM in report on Monday, April 15 with “Market Perform” rating. The rating was maintained by Credit Suisse on Monday, April 15 with “Outperform”.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Benzinga.com which released: “CVS, Shake Shack And More ‘Fast Money Halftime Report’ Picks From September 12 – Benzinga” on September 12, 2019, also Finance.Yahoo.com with their article: “3 Stocks to Buy As Sector Rotation Heats Up – Yahoo Finance” published on September 12, 2019, Cnbc.com published: “JP Morgan: Don’t buy the dip until September – CNBC” on August 19, 2019. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Benzinga.com and their article: “Bank Of America Cuts Square Target Due To Questions About 2020 Guidance – Benzinga” published on September 11, 2019 as well as Schaeffersresearch.com‘s news article titled: “2 Bank Stocks Hit With Pre-Fed Bear Notes – Schaeffers Research” with publication date: September 06, 2019.

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

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