Banque Transatlantique SA Sells 87,098 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Banque Transatlantique SA has reduced its stake in JPMorgan Chase & Co. by 37.7%, selling 87,098 shares and holding approximately 143,749 shares valued at $32.6 million as of the latest quarter.
• Recent analyst activity includes upgrades and downgrades for JPMorgan, with Wall Street Zen upgrading the stock from "sell" to "hold" and a price target increase from $280.00 to $290.00 by Truist Financial.
• Insider transactions revealed that Director Linda Bammann sold 9,500 shares, resulting in a 10.36% decrease in her ownership, with insiders now holding 0.47% of the stock.

Banque Transatlantique SA decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 37.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,749 shares of the financial services provider's stock after selling 87,098 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.6% of Banque Transatlantique SA's investment portfolio, making the stock its 29th biggest holding. Banque Transatlantique SA's holdings in JPMorgan Chase & Co. were worth $32,586,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of JPMorgan Chase & Co. by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 24,801,153 shares of the financial services provider's stock valued at $6,083,723,000 after buying an additional 454,226 shares during the period. GAMMA Investing LLC grew its stake in JPMorgan Chase & Co. by 25,861.9% in the first quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock valued at $5,778,289,000 after acquiring an additional 23,465,278 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 2.7% in the first quarter. Goldman Sachs Group Inc. now owns 20,548,182 shares of the financial services provider's stock worth $5,040,469,000 after acquiring an additional 548,853 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of JPMorgan Chase & Co. by 16.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,550,491 shares of the financial services provider's stock worth $4,207,028,000 after purchasing an additional 2,465,572 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter worth about $3,972,807,000. Institutional investors own 71.55% of the company's stock.

Analyst Ratings Changes

JPM has been the subject of a number of research reports. Hsbc Global Res cut JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" 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 report on Monday, July 7th. Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Finally, Royal Bank Of Canada set a $305.00 price target on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research report on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $291.67.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock traded down $9.04 on Friday, hitting $294.79. The company's stock had a trading volume of 9,831,520 shares, compared to its average volume of 6,437,430. The company has a market capitalization of $810.59 billion, a PE ratio of 15.12, a PEG ratio of 2.02 and a beta of 1.13. JPMorgan Chase & Co. has a fifty-two week low of $200.61 and a fifty-two week high of $305.15. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The stock's 50 day moving average is $293.16 and its 200-day moving average is $266.12.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.48 by $0.48. The company had revenue of $44.91 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $6.12 EPS. Equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction that occurred 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 directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by corporate 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.