Resources Management Corp CT ADV Has $30.09 Million Stock Position in JPMorgan Chase & Co. $JPM

Key Points

• Resources Management Corp CT ADV has reduced its holdings in JPMorgan Chase & Co. by 1.3%, making it the third largest position at approximately 4.2% of their portfolio, valued at $30 million.
• JPMorgan Chase's stock has seen a 3% decline, with analysts giving it a consensus rating of "Moderate Buy" and a target price of approximately $291.67.
• The financial services provider reported earnings of $4.96 per share for its latest quarter, surpassing expectations but down 10.5% year-over-year, with revenue reaching $44.91 billion.

Resources Management Corp CT ADV reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,683 shares of the financial services provider's stock after selling 1,623 shares during the quarter. JPMorgan Chase & Co. accounts for about 4.2% of Resources Management Corp CT ADV's investment portfolio, making the stock its 3rd largest holding. Resources Management Corp CT ADV's holdings in JPMorgan Chase & Co. were worth $30,094,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 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 during the last quarter. Nuveen LLC bought a new stake in JPMorgan Chase & Co. in the first quarter valued at $3,972,807,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in JPMorgan Chase & Co. by 16.3% during the 4th 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 valued at $4,207,028,000 after purchasing an additional 2,465,572 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $454,042,000. Finally, National Bank of Canada FI increased its holdings 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 valued at $1,108,415,000 after purchasing an additional 1,388,992 shares during the period. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock traded up $2.86 during trading hours on Wednesday, hitting $300.71. The company had a trading volume of 7,786,372 shares, compared to its average volume of 6,695,318. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The firm's fifty day moving average is $293.36 and its 200 day moving average is $266.44. JPMorgan Chase & Co. has a 12 month low of $201.83 and a 12 month high of $305.15. The firm has a market capitalization of $826.89 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.98 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $43.76 billion. During the same quarter in the previous year, the company posted $6.12 earnings per share. JPMorgan Chase & Co.'s quarterly revenue was down 10.5% compared to the same quarter last year. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction that occurred on 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 directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of research analyst reports. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. HSBC reaffirmed a "reduce" rating and set a $259.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $291.67.

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.