Amundi Has $1.32 Billion Stake in JPMorgan Chase & Co. $JPM

Key Points

• Amundi increased its stake in JPMorgan Chase & Co. by 8.5% during the first quarter, now owning approximately 5.77 million shares worth over $1.31 billion.
• JPMorgan reported an earnings per share (EPS) of $4.96 for the quarter, exceeding analysts' estimates of $4.48, though revenue declined by 10.5% year-over-year.
• Insider transactions included Director Linda Bammann selling 9,500 shares at an average price of $297.94, representing a 10.36% decrease in her ownership.

Amundi increased its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,766,026 shares of the financial services provider's stock after buying an additional 452,589 shares during the quarter. Amundi owned about 0.21% of JPMorgan Chase & Co. worth $1,318,638,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Aprio Wealth Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 6.3% in the first quarter. Aprio Wealth Management LLC now owns 16,527 shares of the financial services provider's stock valued at $4,054,000 after buying an additional 982 shares during the period. 1 North Wealth Services LLC acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at $196,000. 5th Street Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 19.5% in the first quarter. 5th Street Advisors LLC now owns 7,072 shares of the financial services provider's stock valued at $1,735,000 after buying an additional 1,154 shares during the period. Paragon Private Wealth Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 49.0% in the first quarter. Paragon Private Wealth Management LLC now owns 6,246 shares of the financial services provider's stock valued at $1,532,000 after buying an additional 2,055 shares during the period. Finally, Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. lifted its holdings in shares of JPMorgan Chase & Co. by 3.8% in the first quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 2,712 shares of the financial services provider's stock valued at $665,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Down 3.0%

JPM stock traded down $9.04 during mid-day trading on Friday, hitting $294.79. The stock had a trading volume of 9,831,520 shares, compared to its average volume of 6,437,430. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 1-year low of $200.61 and a 1-year high of $305.15. The company has a fifty day moving average of $293.16 and a 200 day moving average of $266.12. The stock has a market capitalization of $810.59 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 2.02 and a beta of 1.13.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Royal Bank Of Canada set a $305.00 target price on JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, June 30th. Hsbc Global Res downgraded JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Morgan Stanley upped their target price on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and a consensus price target of $291.67.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, the director directly owned 82,207 shares of the company's stock, valued at $24,492,753.58. This represents a 10.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Company 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.