Invst LLC Decreases Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Invst LLC reduced its stake in JPMorgan Chase & Co. by 25.3% in Q1, holding 11,307 shares worth approximately $2.77 million after selling 3,821 shares.
• Several hedge funds have increased their investments in JPMorgan, with Brighton Jones LLC raising its holdings by 11% and ProShare Advisors LLC increasing theirs by 15.8% during the fourth quarter.
• Analysts have mixed ratings on JPMorgan, with an average rating of "Moderate Buy" and a price target of $291.67, while some analysts issued downgrades and price targets as low as $235.00.

Invst LLC cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 25.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,307 shares of the financial services provider's stock after selling 3,821 shares during the period. Invst LLC's holdings in JPMorgan Chase & Co. were worth $2,774,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings in JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after purchasing an additional 4,841 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in JPMorgan Chase & Co. by 0.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock worth $46,068,000 after buying an additional 1,229 shares during the period. Highview Capital Management LLC DE boosted its holdings in shares of JPMorgan Chase & Co. by 16.1% during the 4th quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock valued at $3,266,000 after purchasing an additional 1,893 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 15.8% during the 4th quarter. ProShare Advisors LLC now owns 766,428 shares of the financial services provider's stock valued at $183,720,000 after purchasing an additional 104,413 shares during the last quarter. Finally, Rockbridge Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $581,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of analyst reports. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Truist Financial increased their price target on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. Royal Bank Of Canada set a $305.00 price target on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, June 30th. Finally, Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target for the company. in a report on Friday, June 27th. One research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $291.67.

Insider Activity at JPMorgan Chase & Co.

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 transaction, the director directly owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $305.39 on Friday. 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 1-year low of $202.16 and a 1-year high of $305.73. The firm has a market capitalization of $839.75 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 2.00 and a beta of 1.13. The company's 50-day moving average is $293.72 and its 200 day moving average is $266.98.

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 earnings per share 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 company had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. During the same period in the prior year, the company posted $6.12 EPS. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

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.

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