BI Asset Management Fondsmaeglerselskab A S Boosts Stock Position in JPMorgan Chase & Co. $JPM

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its holdings in JPMorgan Chase & Co. by 7.4%, owning 641,356 shares worth approximately $157 million as of its latest SEC filing.
• Several large investors, including Northern Trust Corp and UBS AM, have also significantly boosted their stakes in JPMorgan, indicating a broader institutional confidence in the company.
• JPMorgan Chase reported an EPS of $4.96 for the latest quarter, surpassing expectations, although its revenue decreased by 10.5% year-over-year.

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 7.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 641,356 shares of the financial services provider's stock after acquiring an additional 43,961 shares during the period. JPMorgan Chase & Co. accounts for 1.8% of BI Asset Management Fondsmaeglerselskab A S's holdings, making the stock its 9th biggest position. BI Asset Management Fondsmaeglerselskab A S's holdings in JPMorgan Chase & Co. were worth $157,325,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in JPM. Northern Trust Corp boosted its stake in JPMorgan Chase & Co. by 15.4% in the 4th quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock valued at $8,113,147,000 after purchasing an additional 4,515,147 shares during the period. Bank of New York Mellon Corp boosted its stake in 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 purchasing an additional 454,226 shares during the period. GAMMA Investing LLC boosted its stake in JPMorgan Chase & Co. by 25,861.9% in the 1st quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock valued at $5,778,289,000 after purchasing an additional 23,465,278 shares during the period. Goldman Sachs Group Inc. boosted its stake in JPMorgan Chase & Co. by 2.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,548,182 shares of the financial services provider's stock valued at $5,040,469,000 after purchasing an additional 548,853 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in JPMorgan Chase & Co. by 16.3% in the 4th 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 valued at $4,207,028,000 after purchasing an additional 2,465,572 shares during the period. Institutional investors own 71.55% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on JPM shares. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Bank of America boosted their price target on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. HSBC reiterated a "reduce" rating and issued a $259.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Phillip Securities cut JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Finally, Royal Bank Of Canada set a $305.00 price target on JPMorgan Chase & Co. and gave the company an "outperform" rating in a research note on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $288.68.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $290.3690 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $798.44 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of 1.94 and a beta of 1.11. The firm's 50 day simple moving average is $287.35 and its 200 day simple moving average is $263.91. JPMorgan Chase & Co. has a 1 year low of $200.61 and a 1 year high of $301.29.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating 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 net margin of 20.52% and a return on equity of 16.93%. The firm's revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $6.12 EPS. As a group, research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 of the company's stock, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.47% of the company's stock.

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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