JPMorgan Chase & Co. $JPM is Affinity Investment Advisors LLC's 2nd Largest Position

Key Points

• Affinity Investment Advisors LLC sold 2,765 shares of JPMorgan Chase & Co., reducing its position by 15.2% and holding a total of 15,481 shares valued at $3.8 million.
• Analysts have set new price targets for JPMorgan Chase & Co., with Bank of America raising their target from $330.00 to $340.00, reflecting a generally positive outlook.
• JPMorgan Chase & Co. reported a quarterly earnings per share of $4.96, exceeding estimates and showing a 10.5% decline in revenue compared to the previous year.

Affinity Investment Advisors LLC cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 15.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,481 shares of the financial services provider's stock after selling 2,765 shares during the period. JPMorgan Chase & Co. comprises 3.1% of Affinity Investment Advisors LLC's portfolio, making the stock its 2nd biggest position. Affinity Investment Advisors LLC's holdings in JPMorgan Chase & Co. were worth $3,797,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Wimmer Associates 1 LLC raised its position in shares of JPMorgan Chase & Co. by 1.0% in the 4th quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider's stock worth $986,000 after acquiring an additional 40 shares in the last quarter. Twin Lakes Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 0.3% in the 4th quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider's stock worth $3,340,000 after acquiring an additional 40 shares in the last quarter. First Command Advisory Services Inc. raised its position in shares of JPMorgan Chase & Co. by 0.4% in the 1st quarter. First Command Advisory Services Inc. now owns 9,306 shares of the financial services provider's stock worth $2,283,000 after acquiring an additional 40 shares in the last quarter. Black Swift Group LLC raised its position in shares of JPMorgan Chase & Co. by 0.7% in the 1st quarter. Black Swift Group LLC now owns 5,759 shares of the financial services provider's stock worth $1,413,000 after acquiring an additional 40 shares in the last quarter. Finally, Beacon Bridge Wealth Partners LLC raised its position in shares of JPMorgan Chase & Co. by 1.8% in the 1st quarter. Beacon Bridge Wealth Partners LLC now owns 2,231 shares of the financial services provider's stock worth $547,000 after acquiring an additional 40 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM traded down $1.1610 during mid-day trading on Tuesday, reaching $290.3690. The company had a trading volume of 6,028,918 shares, compared to its average volume of 7,571,084. JPMorgan Chase & Co. has a 52-week low of $200.61 and a 52-week high of $301.29. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $798.44 billion, a P/E ratio of 14.90, a PEG ratio of 1.94 and a beta of 1.11. The stock has a 50 day moving average of $287.35 and a two-hundred day moving average of $263.91.

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

Analyst Ratings Changes

Several brokerages recently issued reports on JPM. HSBC reaffirmed a "reduce" rating and set a $259.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. TD Cowen began coverage on JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a "buy" rating and a $305.00 target price on the stock. Truist Financial upped their target price on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a research report on Wednesday, July 9th. Bank of America upped their target price on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Finally, Phillip Securities lowered JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $288.68.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the transaction, the chief operating officer owned 62,455 shares in the company, valued at $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.47% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Profile

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.