D L Carlson Investment Group Inc. Has $9.18 Million Position in JPMorgan Chase & Co. $JPM

Key Points

• D L Carlson Investment Group Inc. has decreased its holdings in JPMorgan Chase & Co. by 4.6%, owning 37,439 shares worth approximately $9.2 million.
• Various hedge funds have recently acquired new stakes in JPMorgan Chase, contributing to institutional investors now owning 71.55% of the company's stock.
• Analysts have mixed ratings for JPMorgan Chase, with one research analyst rating it as a Strong Buy, while others have also assigned Hold and Sell ratings.

D L Carlson Investment Group Inc. cut its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,439 shares of the financial services provider's stock after selling 1,794 shares during the quarter. JPMorgan Chase & Co. makes up 1.8% of D L Carlson Investment Group Inc.'s portfolio, making the stock its 11th largest position. D L Carlson Investment Group Inc.'s holdings in JPMorgan Chase & Co. were worth $9,184,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in shares of JPMorgan Chase & Co. by 1.9% in the first 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 in the last quarter. GAMMA Investing LLC boosted its holdings 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 last quarter. Goldman Sachs Group Inc. boosted its holdings in 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 valued at $5,040,469,000 after acquiring an additional 548,853 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in JPMorgan Chase & Co. by 16.3% in 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 valued at $4,207,028,000 after acquiring an additional 2,465,572 shares during the last quarter. Finally, Nuveen LLC bought a new position in JPMorgan Chase & Co. in the first quarter valued at about $3,972,807,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Truist Financial raised their price target on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. Phillip Securities cut JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. Morgan Stanley raised their price target on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" 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 company an "outperform" rating in a report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $288.68.

JPMorgan Chase & Co. Trading Up 0.1%

JPM traded up $0.39 during midday trading on Friday, reaching $301.46. 6,790,292 shares of the company were exchanged, compared to its average volume of 7,101,695. 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 $302.95. The stock has a market capitalization of $828.94 billion, a P/E ratio of 15.47, a PEG ratio of 2.00 and a beta of 1.11. The stock's 50-day simple moving average is $291.59 and its 200 day simple moving average is $265.33.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. During the same quarter last year, the business earned $6.12 earnings per share. The company's revenue was down 10.5% compared to the same quarter last year. As a group, analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Insider Transactions at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the sale, the chief operating officer owned 62,455 shares of the company's stock, valued at $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The transaction 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. 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.