First Hawaiian Bank Has $10.66 Million Stock Position in JPMorgan Chase & Co. $JPM

Key Points

• First Hawaiian Bank lowered its stake in JPMorgan Chase & Co. by 9.4% during the first quarter, now holding 43,473 shares valued at approximately $10.66 million.
• Despite a 10.5% decline in revenue year-over-year, JPMorgan reported $4.96 EPS, surpassing expectations and showing a net margin of 20.52%.
• Analysts have mixed ratings for JPMorgan, with a consensus of "Moderate Buy" and an average price target of $291.67, reflecting cautious optimism about future performance.

First Hawaiian Bank lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 9.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,473 shares of the financial services provider's stock after selling 4,491 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.5% of First Hawaiian Bank's holdings, making the stock its 29th biggest holding. First Hawaiian Bank's holdings in JPMorgan Chase & Co. were worth $10,664,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in JPM. MJT & Associates Financial Advisory Group Inc. acquired a new position in JPMorgan Chase & Co. during the 1st quarter worth about $28,000. University of Illinois Foundation acquired a new position in JPMorgan Chase & Co. during the 1st quarter worth about $30,000. Curat Global LLC acquired a new position in JPMorgan Chase & Co. during the 1st quarter worth about $33,000. Capital A Wealth Management LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth about $64,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth about $72,000. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $305.39 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $305.73. The company has a market cap of $839.75 billion, a PE ratio of 15.67, a PEG ratio of 2.00 and a beta of 1.13. The company's 50-day moving average is $293.72 and its two-hundred day moving average is $266.98.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating 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 company 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 company posted $6.12 EPS. The company's revenue was down 10.5% compared to the same quarter last year. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Evercore ISI set a $298.00 price target on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research report on Monday, July 7th. Phillip Securities downgraded shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Zacks Research downgraded shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research report on Monday. Finally, Cowen reiterated 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 given a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and an average target price of $291.67.

Insider Activity at JPMorgan Chase & Co.

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

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.

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