Fiat Chrysler Automobiles NV (FCAU) Holding Boosted by JPMorgan Chase & Co.

Fiat Chrysler Automobiles NV (FCAU) Holding Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) by 33.9% during the first quarter, Holdings Channel reports. The fund owned 5,074,725 shares of the company’s stock after buying an additional 1,284,726 shares during the period. JPMorgan Chase & Co. owned approximately 0.33% of Fiat Chrysler Automobiles NV worth $55,466,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in Fiat Chrysler Automobiles NV by 5,621.9% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 1,558,244 shares of the company’s stock worth $17,100,000 after buying an additional 1,531,011 shares during the last quarter. Silver Capital Management LLC acquired a new position in Fiat Chrysler Automobiles NV during the first quarter worth approximately $606,000. Raymond James Financial Services Advisors Inc. raised its position in Fiat Chrysler Automobiles NV by 0.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 102,728 shares of the company’s stock worth $1,123,000 after buying an additional 400 shares during the last quarter. Oxford Asset Management acquired a new position in Fiat Chrysler Automobiles NV during the first quarter worth approximately $337,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Fiat Chrysler Automobiles NV by 3.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 50,713 shares of the company’s stock worth $555,000 after buying an additional 1,691 shares during the last quarter. 23.17% of the stock is owned by institutional investors and hedge funds.

Shares of Fiat Chrysler Automobiles NV (NYSE FCAU) traded down 0.91% on Monday, hitting $10.94. The stock had a trading volume of 870,972 shares. The company has a 50-day moving average of $10.76 and a 200-day moving average of $10.16. Fiat Chrysler Automobiles NV has a 52-week low of $5.45 and a 52-week high of $11.65. The company has a market cap of $16.82 billion, a P/E ratio of 7.65 and a beta of 1.78.

Fiat Chrysler Automobiles NV (NYSE:FCAU) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.05. Fiat Chrysler Automobiles NV had a net margin of 1.63% and a return on equity of 14.89%. The firm had revenue of $27.72 billion during the quarter, compared to the consensus estimate of $27.51 billion. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. On average, equities analysts anticipate that Fiat Chrysler Automobiles NV will post $2.38 EPS for the current fiscal year.

A number of research analysts have commented on the company. Jefferies Group LLC set a $14.00 price target on Fiat Chrysler Automobiles NV and gave the company a “buy” rating in a research report on Monday, May 22nd. Morgan Stanley upped their price target on Fiat Chrysler Automobiles NV from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Friday, April 28th. Goldman Sachs Group Inc reaffirmed a “buy” rating on shares of Fiat Chrysler Automobiles NV in a research report on Wednesday, April 26th. Zacks Investment Research raised Fiat Chrysler Automobiles NV from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Thursday, April 20th. Finally, Vetr raised Fiat Chrysler Automobiles NV from a “buy” rating to a “strong-buy” rating and set a $12.38 price target for the company in a research report on Monday, April 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Fiat Chrysler Automobiles NV currently has a consensus rating of “Buy” and an average target price of $13.31.

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