JPMorgan Chase & Co. $JPM Shares Sold by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. reduced its stake in JPMorgan Chase & Co. by 5.1%, selling 5,662 shares and retaining 105,548 shares valued at approximately $25.89 million.
• Several hedge funds purchased new positions in JPMorgan Chase & Co. during the first quarter, with 71.55% of the stock now owned by institutional investors.
• JPMorgan Chase & Co. reported $4.96 EPS in its latest earnings, exceeding analysts' expectations, but revenue declined 10.5% year-over-year.

Edmond DE Rothschild Holding S.A. reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,548 shares of the financial services provider's stock after selling 5,662 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in JPMorgan Chase & Co. were worth $25,891,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in JPM. Brighton Jones LLC raised its stake in JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after buying an additional 4,841 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in JPMorgan Chase & Co. by 0.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock valued at $46,068,000 after buying an additional 1,229 shares during the last quarter. Highview Capital Management LLC DE raised its stake in JPMorgan Chase & Co. by 16.1% in the fourth quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock valued at $3,266,000 after buying an additional 1,893 shares during the last quarter. KKM Financial LLC raised its stake in JPMorgan Chase & Co. by 3.9% in the fourth quarter. KKM Financial LLC now owns 16,854 shares of the financial services provider's stock valued at $4,040,000 after buying an additional 640 shares during the last quarter. Finally, Algert Global LLC raised its stake in JPMorgan Chase & Co. by 11.8% in the fourth quarter. Algert Global LLC now owns 16,000 shares of the financial services provider's stock valued at $3,835,000 after buying an additional 1,690 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM traded down $9.04 during trading on Friday, hitting $294.79. 9,831,520 shares of the stock traded hands, compared to its average volume of 6,437,430. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The company has a fifty day moving average price of $293.16 and a two-hundred day moving average price of $266.02. JPMorgan Chase & Co. has a 52-week low of $200.61 and a 52-week high of $305.15. The company has a market cap of $810.59 billion, a price-to-earnings ratio of 15.12, a P/E/G ratio of 1.96 and a beta of 1.13.

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, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $43.76 billion. During the same period in the prior year, the firm posted $6.12 earnings per share. The firm's quarterly revenue was down 10.5% compared to the same quarter last year. As a group, equities analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insider Activity

In other news, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the sale, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. This trade represents a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of research analyst 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. Morgan Stanley increased their price target on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Bank of America increased 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. Finally, Phillip Securities cut JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and an average target price of $291.67.

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.