Cambiar Investors LLC Sells 20,838 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Cambiar Investors LLC reduced its stock position in JPMorgan Chase & Co. by 9.2%, now holding 205,491 shares valued at $50.4 million as of its recent SEC filing.
• Several other institutional investors have made adjustments to their positions in JPMorgan Chase, with overall institutional ownership at 71.55%.
• Analysts have mixed ratings on JPMorgan Chase & Co., with a consensus average target price of $288.68 and ratings ranging from "strong sell" to "strong buy."

Cambiar Investors LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 9.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,491 shares of the financial services provider's stock after selling 20,838 shares during the period. JPMorgan Chase & Co. comprises 2.1% of Cambiar Investors LLC's investment portfolio, making the stock its 13th largest position. Cambiar Investors LLC's holdings in JPMorgan Chase & Co. were worth $50,407,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC boosted its holdings in JPMorgan Chase & Co. by 4.7% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 666,789 shares of the financial services provider's stock valued at $163,563,000 after acquiring an additional 29,877 shares during the period. Knuff & Co LLC increased its position in shares of JPMorgan Chase & Co. by 2.3% during the first quarter. Knuff & Co LLC now owns 2,369 shares of the financial services provider's stock valued at $581,000 after buying an additional 54 shares during the period. Oder Investment Management LLC raised its position in shares of JPMorgan Chase & Co. by 2.3% in the 1st quarter. Oder Investment Management LLC now owns 10,796 shares of the financial services provider's stock worth $2,648,000 after acquiring an additional 246 shares in the last quarter. Forvis Mazars Wealth Advisors LLC lifted its position in JPMorgan Chase & Co. by 5.0% during the first quarter. Forvis Mazars Wealth Advisors LLC now owns 65,974 shares of the financial services provider's stock valued at $16,183,000 after buying an additional 3,145 shares during the period. Finally, Gen Wealth Partners Inc lifted its position in JPMorgan Chase & Co. by 1.6% during the 1st quarter. Gen Wealth Partners Inc now owns 7,631 shares of the financial services provider's stock valued at $1,872,000 after acquiring an additional 118 shares during the period. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Trading Up 1.5%

JPM stock traded up $4.2690 during mid-day trading on Friday, reaching $295.7390. 2,490,368 shares of the stock traded hands, compared to its average volume of 9,797,928. 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 one year low of $200.61 and a one year high of $301.29. The stock has a market capitalization of $813.21 billion, a PE ratio of 15.18, a PEG ratio of 1.94 and a beta of 1.11. The business has a 50-day moving average price of $288.29 and a two-hundred day moving average price of $264.27.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its 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. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same quarter in the previous year, the business earned $6.12 earnings per share. The company's revenue for the quarter was down 10.5% compared to the same quarter last year. Equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. HSBC reissued a "reduce" rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Truist Financial raised their target price on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a report on Wednesday, July 9th. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Citigroup set a $275.00 price objective on JPMorgan Chase & Co. and gave the stock a "buy" rating in a research note on Monday, July 7th. Finally, Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $288.68.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the company's stock in a transaction dated 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 transaction, the chief operating officer directly owned 62,455 shares in the company, valued at $16,392,563.85. This represents a 8.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is currently owned by company insiders.

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.