Acadian Asset Management LLC Has $101.19 Million Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Acadian Asset Management LLC increased its stake in JPMorgan Chase & Co. by 11.0%, now holding 412,535 shares worth approximately $101.2 million as of the latest SEC filing.
• Major institutional investors, including Bank of New York Mellon and Goldman Sachs, also increased their stakes in JPMorgan Chase during the first quarter, indicating strong interest in the stock.
• JPMorgan Chase reported $4.96 EPS for the last quarter, exceeding estimates, although revenue was down 10.5% compared to the previous year while maintaining a net margin of 20.52%.

Acadian Asset Management LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 11.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 412,535 shares of the financial services provider's stock after buying an additional 40,748 shares during the period. Acadian Asset Management LLC's holdings in JPMorgan Chase & Co. were worth $101,187,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. GAMMA Investing LLC boosted its stake in JPMorgan Chase & Co. by 25,861.9% in the 1st quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock worth $5,778,289,000 after purchasing an additional 23,465,278 shares during the period. Nuveen LLC acquired a new position in JPMorgan Chase & Co. in the 1st quarter worth $3,972,807,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in JPMorgan Chase & Co. by 16.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,550,491 shares of the financial services provider's stock worth $4,207,028,000 after purchasing an additional 2,465,572 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth $454,042,000. Finally, National Bank of Canada FI boosted its stake in JPMorgan Chase & Co. by 44.4% in the 1st quarter. National Bank of Canada FI now owns 4,518,740 shares of the financial services provider's stock worth $1,108,415,000 after purchasing an additional 1,388,992 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on JPM shares. Hsbc Global Res cut shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Truist Financial boosted their price target on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Evercore ISI set a $298.00 price target on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research report on Monday, July 7th. Phillip Securities cut shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Finally, Citigroup set a $275.00 price target on shares of JPMorgan Chase & Co. and gave the stock a "buy" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $291.67.

JPMorgan Chase & Co. Stock Performance

JPM traded up $1.32 on Friday, reaching $306.88. The company had a trading volume of 6,845,781 shares, compared to its average volume of 6,744,668. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $307.55. The stock has a market cap of $843.84 billion, a P/E ratio of 15.75, a P/E/G ratio of 2.03 and a beta of 1.13. The company's fifty day moving average is $293.94 and its 200 day moving average is $267.32. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. During the same quarter in the prior year, the business earned $6.12 EPS. JPMorgan Chase & Co.'s quarterly revenue was down 10.5% on a year-over-year basis. As a group, analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.