JPMorgan Chase & Co. $JPM is Swedbank AB's 10th Largest Position

Key Points

• Swedbank AB has reduced its stake in JPMorgan Chase & Co. by 1.0%, making it the investment firm's 10th largest holding, representing 1.3% of its portfolio.
• JPMorgan Chase & Co. reported an EPS of $4.96 for the latest quarter, exceeding expectations, although its revenue has decreased 10.5% year-over-year.
• Hedge funds and institutional investors now own 71.55% of JPMorgan Chase & Co.'s stock, reflecting significant market interest from large investors.

Swedbank AB decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,085,771 shares of the financial services provider's stock after selling 41,427 shares during the quarter. JPMorgan Chase & Co. comprises about 1.3% of Swedbank AB's investment portfolio, making the stock its 10th biggest holding. Swedbank AB owned about 0.15% of JPMorgan Chase & Co. worth $1,002,240,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in JPMorgan Chase & Co. during the first quarter valued at $28,000. University of Illinois Foundation purchased a new position in JPMorgan Chase & Co. during the first quarter valued at $30,000. Curat Global LLC purchased a new position in JPMorgan Chase & Co. during the first quarter valued at $33,000. Capital A Wealth Management LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at $64,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at $72,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM 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 one year low of $202.16 and a one year high of $305.73. The firm has a market capitalization of $839.75 billion, a P/E ratio of 15.67, a PEG ratio of 2.00 and a beta of 1.13. The business has a fifty day moving average of $293.72 and a 200 day moving average of $266.98.

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 EPS for the quarter, topping the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The company had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same quarter in the previous year, the company posted $6.12 earnings per share. JPMorgan Chase & Co.'s revenue was down 10.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insider Activity at JPMorgan Chase & Co.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on JPM shares. Zacks Research cut JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Monday. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Evercore ISI set a $298.00 price objective on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, July 7th. Piper Sandler restated an "overweight" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 15th. Finally, Truist Financial boosted their price objective on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a report on Wednesday, July 9th. One equities 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.

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