Banco BTG Pactual S.A. Acquires 26,843 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Banco BTG Pactual S.A. has increased its stake in JPMorgan Chase & Co. by 183.3%, now owning 41,490 shares valued at over $10 million, making it the bank's 8th largest position.
• JPMorgan Chase reported an earnings per share of $4.96 for the last quarter, exceeding analysts' expectations by $0.48, although revenue was down 10.5% year-over-year.
• Analysts have set a consensus rating of “Moderate Buy” for JPMorgan, with a target price averaging $288.68, reflecting positive sentiment despite mixed quarterly results.

Banco BTG Pactual S.A. raised its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 183.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,490 shares of the financial services provider's stock after buying an additional 26,843 shares during the quarter. JPMorgan Chase & Co. comprises 2.5% of Banco BTG Pactual S.A.'s holdings, making the stock its 8th largest position. Banco BTG Pactual S.A.'s holdings in JPMorgan Chase & Co. were worth $10,177,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in JPMorgan Chase & Co. in the 1st quarter worth approximately $28,000. University of Illinois Foundation acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $30,000. Curat Global LLC purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at $33,000. Measured Risk Portfolios Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $44,000. Finally, Minot DeBlois Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $54,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Up 0.5%

Shares of NYSE:JPM opened at $292.1840 on Thursday. 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 12-month low of $200.61 and a 12-month high of $301.29. The business has a 50 day moving average of $287.83 and a two-hundred day moving average of $264.10. The company has a market capitalization of $803.43 billion, a PE ratio of 14.99, a PEG ratio of 1.93 and a beta of 1.11.

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 EPS for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion for 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 was down 10.5% on a year-over-year basis. During the same quarter last year, the company earned $6.12 EPS. As a group, analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the transaction, the chief operating officer owned 62,455 shares of the company's stock, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on JPM shares. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Citigroup set a $275.00 target price on JPMorgan Chase & Co. and gave the stock a "buy" rating in a report on Monday, July 7th. Royal Bank Of Canada set a $305.00 price target on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, June 30th. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Finally, Truist Financial lifted their price objective on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a research note on Wednesday, July 9th. One research 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 given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $288.68.

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.

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