AG2R LA Mondiale Gestion D Actifs Acquires New Position in JPMorgan Chase & Co. $JPM

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new position in JPMorgan Chase & Co., purchasing 124,574 shares valued at approximately $32.9 million, making it the 7th largest holding in their portfolio.
• Several institutional investors have recently increased their stakes in JPMorgan, highlighting continued interest in the financial giant, which is now owned 71.55% by hedge funds and institutional investors.
• JPMorgan reported earnings of $4.96 per share, surpassing analyst expectations, although its revenue was down 10.5% compared to the same quarter last year.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 124,574 shares of the financial services provider's stock, valued at approximately $32,888,000. JPMorgan Chase & Co. makes up approximately 1.9% of AG2R LA Mondiale Gestion D Actifs' portfolio, making the stock its 7th largest holding.

Several other large investors also recently bought and sold shares of JPM. Brighton Jones LLC grew its stake in JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after acquiring an additional 4,841 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in JPMorgan Chase & Co. by 0.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock worth $46,068,000 after purchasing an additional 1,229 shares during the last quarter. Highview Capital Management LLC DE increased its position in JPMorgan Chase & Co. by 16.1% during the fourth quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock worth $3,266,000 after purchasing an additional 1,893 shares during the last quarter. ProShare Advisors LLC increased its position in JPMorgan Chase & Co. by 15.8% during the fourth quarter. ProShare Advisors LLC now owns 766,428 shares of the financial services provider's stock worth $183,720,000 after purchasing an additional 104,413 shares during the last quarter. Finally, Rockbridge Capital Management LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $581,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on JPM shares. 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. Evercore ISI set a $298.00 price objective on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research report on Monday, July 7th. 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 raised their price objective 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. Finally, Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given 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, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and a consensus price target of $291.67.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction on 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 completion of the transaction, the director owned 82,207 shares in the company, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Trading Up 1.6%

Shares of JPM stock opened at $305.39 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $839.75 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 2.00 and a beta of 1.13. The company has a 50-day moving average of $293.72 and a two-hundred day moving average of $266.98. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $305.73.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share 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 firm had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. During the same quarter in the previous year, the business posted $6.12 earnings per share. The business's quarterly revenue was down 10.5% compared to the same quarter last year. On average, analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current 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.

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