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Lockheed Martin Investment Management Co. Grows Position in JPMorgan Chase & Co.


Lockheed Martin Investment Management Co. increased its position in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 67.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 235,560 shares of the financial services provider’s stock after purchasing an additional 94,900 shares during the period. JPMorgan Chase & Co. accounts for 2.0% of Lockheed Martin Investment Management Co.’s portfolio, making the stock its 14th biggest position. Lockheed Martin Investment Management Co.’s holdings in JPMorgan Chase & Co. were worth $24,616,000 at the end of the most recent quarter.

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Other institutional investors have also added to or reduced their stakes in the company. Homestead Advisers Corp lifted its holdings in shares of JPMorgan Chase & Co. by 1.0% during the second quarter. Homestead Advisers Corp now owns 1,165,236 shares of the financial services provider’s stock valued at $131,217,000 after purchasing an additional 11,000 shares during the last quarter. Total Clarity Wealth Management Inc. grew its stake in shares of JPMorgan Chase & Co. by 3.7% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 11,430 shares of the financial services provider’s stock worth $1,287,000 after buying an additional 407 shares during the last quarter. Aptus Capital Advisors LLC increased its position in JPMorgan Chase & Co. by 11.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 153,622 shares of the financial services provider’s stock valued at $16,054,000 after buying an additional 15,607 shares in the last quarter. Leisure Capital Management raised its stake in JPMorgan Chase & Co. by 2.7% during the third quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider’s stock valued at $2,376,000 after buying an additional 600 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in JPMorgan Chase & Co. by 2.0% in the second quarter. Handelsbanken Fonder AB now owns 621,950 shares of the financial services provider’s stock worth $70,038,000 after acquiring an additional 12,411 shares in the last quarter. Institutional investors own 67.89% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Mary E. Erdoes sold 10,340 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the transaction, the chief executive officer now directly owns 544,136 shares of the company’s stock, valued at approximately $76,336,839.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Vice Chairman Peter Scher sold 4,399 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total transaction of $617,267.68. Following the transaction, the insider now owns 36,369 shares in the company, valued at approximately $5,103,298.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mary E. Erdoes sold 10,340 shares of the stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total value of $1,450,598.60. Following the completion of the sale, the chief executive officer now owns 544,136 shares of the company’s stock, valued at approximately $76,336,839.44. The disclosure for this sale can be found here. Insiders sold a total of 37,887 shares of company stock worth $5,315,762 over the last quarter. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on JPM shares. The Goldman Sachs Group reduced their price target on JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, October 4th. StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and dropped their target price for the stock from $155.00 to $145.00 in a research note on Friday, January 6th. BMO Capital Markets raised their price target on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the company a “market perform” rating in a research report on Monday, October 17th. Finally, Royal Bank of Canada set a $130.00 price objective on JPMorgan Chase & Co. in a research report on Friday, January 13th. Seven…



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