JPMorgan Chase & Co. $JPM is Maple Capital Management Inc.'s 8th Largest Position

Key Points

• Maple Capital Management Inc. reduced its holdings in JPMorgan Chase & Co. by 2.7%, making it the firm's 8th largest position, now accounting for 3.7% of its portfolio valued at approximately $47.6 million.
• Recent changes in institutional investments included GAMMA Investing LLC increasing its position by 25,861.9%, now owning over 23.5 million shares worth about $5.8 billion.
• JPMorgan Chase recently reported quarterly earnings of $4.96 per share, beating estimates, but experienced a 10.5% decrease in revenue year-over-year.

Maple Capital Management Inc. reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 194,235 shares of the financial services provider's stock after selling 5,355 shares during the quarter. JPMorgan Chase & Co. accounts for 3.7% of Maple Capital Management Inc.'s portfolio, making the stock its 8th largest position. Maple Capital Management Inc.'s holdings in JPMorgan Chase & Co. were worth $47,646,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in JPM. GAMMA Investing LLC lifted its position in shares of JPMorgan Chase & Co. by 25,861.9% during the first quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock worth $5,778,289,000 after purchasing an additional 23,465,278 shares in the last quarter. Nuveen LLC acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth $3,972,807,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of JPMorgan Chase & Co. by 16.3% during 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 worth $4,207,028,000 after purchasing an additional 2,465,572 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth $454,042,000. Finally, National Bank of Canada FI lifted its position in shares of JPMorgan Chase & Co. by 44.4% during the first quarter. National Bank of Canada FI now owns 4,518,740 shares of the financial services provider's stock worth $1,108,415,000 after purchasing an additional 1,388,992 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent research reports. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. TD Cowen began coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a "buy" rating and a $305.00 target price on the stock. Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target on the stock. in a report on Friday, June 27th. Finally, Hsbc Global Res cut shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $291.67.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the stock in a transaction 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 sale, the director directly owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Up 1.6%

JPM opened at $305.39 on Friday. The stock has a market capitalization of $839.75 billion, a PE ratio of 15.67, a P/E/G ratio of 2.00 and a beta of 1.13. The firm's fifty day moving average price is $293.72 and its 200 day moving average price is $266.98. 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 12-month low of $202.16 and a 12-month high of $305.73.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.48 by $0.48. The firm had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The firm's quarterly revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $6.12 earnings per share. As a group, research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. 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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