IFM Investors Pty Ltd Has $128.33 Million Position in JPMorgan Chase & Co. $JPM

Key Points

• IFM Investors Pty Ltd has reduced its holdings in JPMorgan Chase & Co. by 1.0%, now owning 523,168 shares valued at approximately $128.3 million, making it the 10th largest holding in their portfolio.
• Several other hedge funds have initiated or increased stakes in JPMorgan Chase & Co. during the first quarter, with institutional investors now holding about 71.55% of the stock.
• Analysts have provided mixed ratings on JPMorgan Chase & Co., with an average rating of "Moderate Buy" and a price target of $291.67, reflecting varying perspectives on the company's performance.

IFM Investors Pty Ltd reduced its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 523,168 shares of the financial services provider's stock after selling 5,228 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.4% of IFM Investors Pty Ltd's investment portfolio, making the stock its 10th biggest position. IFM Investors Pty Ltd's holdings in JPMorgan Chase & Co. were worth $128,333,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. bought a new position in JPMorgan Chase & Co. in the 1st quarter worth $28,000. University of Illinois Foundation bought a new position in JPMorgan Chase & Co. in the 1st quarter worth $30,000. Curat Global LLC bought a new stake in JPMorgan Chase & Co. during the first quarter valued at about $33,000. Measured Risk Portfolios Inc. bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $44,000. Finally, Minot DeBlois Advisors LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $54,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock traded up $1.32 during trading on Friday, reaching $306.88. 6,845,781 shares of the stock traded hands, compared to its average volume of 6,744,668. The company has a market capitalization of $843.84 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 2.03 and a beta of 1.13. The business has a fifty day simple moving average of $293.94 and a two-hundred day simple moving average of $267.32. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $307.55.

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

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. 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 transaction, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on JPM. 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. HSBC reissued a "reduce" rating and set a $259.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Zacks Research cut JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. Phillip Securities cut JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods raised their price target on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock 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.