JPMorgan Chase & Co. $JPM Position Decreased by Brown Shipley& Co Ltd

Key Points

• Brown Shipley & Co Ltd reduced its stake in JPMorgan Chase & Co. by 12.5% in Q1, currently owning 41,429 shares valued at $10,163,000, representing 5.8% of its portfolio.
• Multiple analysts have varying recommendations for JPMorgan, with ratings ranging from a Strong Buy to Sell, while recent price targets have been adjusted, including an increase from $320 to $325 by Wells Fargo.
• JPMorgan reported $4.96 EPS for the last quarter, exceeding estimates, although revenue decreased 10.5% year-over-year with total earnings of $44.91 billion.

Brown Shipley& Co Ltd lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 12.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 41,429 shares of the financial services provider's stock after selling 5,944 shares during the quarter. JPMorgan Chase & Co. makes up about 5.8% of Brown Shipley& Co Ltd's investment portfolio, making the stock its 5th biggest position. Brown Shipley& Co Ltd's holdings in JPMorgan Chase & Co. were worth $10,163,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Kaufman Rossin Wealth LLC purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth $223,000. Partners Capital Investment Group LLP lifted its stake in shares of JPMorgan Chase & Co. by 90.6% during the 1st quarter. Partners Capital Investment Group LLP now owns 40,093 shares of the financial services provider's stock worth $9,835,000 after purchasing an additional 19,060 shares during the period. Accredited Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 24.4% during the 1st quarter. Accredited Wealth Management LLC now owns 4,123 shares of the financial services provider's stock worth $1,011,000 after purchasing an additional 808 shares during the period. Elevate Wealth Advisory Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth $207,000. Finally, PGIM Custom Harvest LLC increased its holdings in shares of JPMorgan Chase & Co. by 10.6% during the 1st quarter. PGIM Custom Harvest LLC now owns 13,811 shares of the financial services provider's stock worth $3,388,000 after buying an additional 1,320 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the sale, the chief operating officer owned 62,455 shares in the company, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.47% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Phillip Securities downgraded JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. Keefe, Bruyette & Woods increased 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. Piper Sandler reiterated an "overweight" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 15th. TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Finally, Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and an average target price of $288.68.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $291.0580 on Friday. 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 company's 50-day simple moving average is $288.29 and its 200-day simple moving average is $264.27. JPMorgan Chase & Co. has a one year low of $200.61 and a one year high of $301.29. The stock has a market capitalization of $800.34 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.94 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) 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 firm had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. During the same quarter last year, the company posted $6.12 earnings per share. JPMorgan Chase & Co.'s revenue was down 10.5% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share 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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