JPMorgan Chase & Co. $JPM is Curi RMB Capital LLC's 3rd Largest Position

Key Points

• Curi RMB Capital LLC reduced its stake in JPMorgan Chase & Co. by 3.9%, holding a total of 369,564 shares worth approximately $90.65 million.
• Numerous hedge funds have increased or initiated positions in JPMorgan Chase, with Florida Financial Advisors LLC raising its stake by 62.5% in the first quarter.
• JPMorgan's most recent earnings report showed $4.96 earnings per share, beating analyst expectations and representing a 10.5% decline in revenue from the previous year.

Curi RMB Capital LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 369,564 shares of the financial services provider's stock after selling 15,129 shares during the quarter. JPMorgan Chase & Co. comprises 2.2% of Curi RMB Capital LLC's investment portfolio, making the stock its 3rd biggest holding. Curi RMB Capital LLC's holdings in JPMorgan Chase & Co. were worth $90,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in shares of JPMorgan Chase & Co. by 1.9% during the 1st quarter. Bank of New York Mellon Corp now owns 24,801,153 shares of the financial services provider's stock worth $6,083,723,000 after purchasing an additional 454,226 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of JPMorgan Chase & Co. by 25,861.9% during the 1st quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock worth $5,778,289,000 after purchasing an additional 23,465,278 shares in the last quarter. Goldman Sachs Group Inc. lifted its position 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 acquiring an additional 548,853 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position 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 acquiring an additional 2,465,572 shares in the last quarter. Finally, Nuveen LLC bought a new position in JPMorgan Chase & Co. in the 1st quarter valued at about $3,972,807,000. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Down 3.0%

NYSE:JPM traded down $9.04 on Friday, hitting $294.79. The stock had a trading volume of 9,831,520 shares, compared to its average volume of 6,437,430. 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 has a market cap of $810.59 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 1.96 and a beta of 1.13. JPMorgan Chase & Co. has a 1 year low of $200.61 and a 1 year high of $305.15. The firm's fifty day simple moving average is $293.16 and its two-hundred day simple moving average is $266.02.

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

Insider Activity

In other news, Director Linda Bammann sold 9,500 shares of the firm'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 transaction of $2,830,430.00. Following the completion of the sale, the director owned 82,207 shares in the company, valued at $24,492,753.58. This trade represents a 10.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. 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 report on Friday, June 27th. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. HSBC reaffirmed a "reduce" rating and issued a $259.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. Wall Street Zen raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $291.67.

JPMorgan Chase & Co. Company 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.