APG Asset Management N.V. Has $629.64 Million Holdings in JPMorgan Chase & Co. $JPM

Key Points

• APG Asset Management N.V. increased its stake in JPMorgan Chase & Co. by 1.7%, owning approximately $629.64 million in the company, making it the 7th largest position in its investment portfolio.
• JPMorgan Chase's recent quarterly earnings beat analysts' expectations, reporting $4.96 earnings per share versus the expected $4.48, but revenue was down 10.5% year-over-year.
• Research firms are divided on JPMorgan Chase stocks, with Wells Fargo raising its price target to $325.00 while Baird downgraded it to $235.00, reflecting a range of opinions among analysts.

APG Asset Management N.V. lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,772,680 shares of the financial services provider's stock after acquiring an additional 47,207 shares during the period. JPMorgan Chase & Co. makes up about 2.0% of APG Asset Management N.V.'s investment portfolio, making the stock its 7th biggest position. APG Asset Management N.V. owned 0.10% of JPMorgan Chase & Co. worth $629,641,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in JPMorgan Chase & Co. during the 1st quarter valued at about $28,000. University of Illinois Foundation bought a new position in JPMorgan Chase & Co. during the 1st quarter valued at about $30,000. Curat Global LLC bought a new position in JPMorgan Chase & Co. during the 1st quarter valued at about $33,000. Measured Risk Portfolios Inc. bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $44,000. Finally, Minot DeBlois Advisors LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $54,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Up 1.6%

Shares of NYSE JPM opened at $295.9920 on Friday. The stock has a market cap of $813.91 billion, a P/E ratio of 15.19, a P/E/G ratio of 1.94 and a beta of 1.11. The firm has a 50 day moving average price of $288.92 and a 200 day moving average price of $264.46. 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. has a 52-week low of $200.61 and a 52-week high of $301.29.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on JPM. Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target on the stock. in a research note on Friday, June 27th. Hsbc Global Res cut shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Finally, Citigroup set a $275.00 price target on shares of JPMorgan Chase & Co. and gave the company a "buy" rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $288.68.

Insider Activity at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 6,128 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the sale, the chief operating officer directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.47% of the stock is currently owned by insiders.

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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