MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 16,536 Shares of JPMorgan Chase & Co. $JPM

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in JPMorgan Chase & Co. by 5.3%, holding a total of 326,808 shares valued at approximately $80 million.
• JPMorgan Chase recently reported $4.96 EPS for the quarter, exceeding estimates, although its revenue decreased by 10.5% year-over-year.
• The stock has a market capitalization of $810.59 billion and a current stock price of $294.79, with a consensus rating of "Moderate Buy" from analysts.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 326,808 shares of the financial services provider's stock after purchasing an additional 16,536 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in JPMorgan Chase & Co. were worth $80,166,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of JPM. Brighton Jones LLC boosted its stake in JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after buying an additional 4,841 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in JPMorgan Chase & Co. by 0.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock valued at $46,068,000 after purchasing an additional 1,229 shares during the last quarter. Highview Capital Management LLC DE lifted its position in JPMorgan Chase & Co. by 16.1% in the fourth 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. KKM Financial LLC lifted its position in JPMorgan Chase & Co. by 3.9% in the fourth quarter. KKM Financial LLC now owns 16,854 shares of the financial services provider's stock valued at $4,040,000 after purchasing an additional 640 shares during the last quarter. Finally, Crestline Management LP lifted its position in JPMorgan Chase & Co. by 5.9% in the fourth quarter. Crestline Management LP now owns 1,800 shares of the financial services provider's stock valued at $431,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Analysts Set New Price Targets

JPM has been the subject of several recent research reports. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Citigroup set a $275.00 price target on JPMorgan Chase & Co. and gave the stock a "buy" rating in a research note on Monday, July 7th. Keefe, Bruyette & Woods increased their target price on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Hsbc Global Res cut JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to 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 news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, September 2nd. The stock was 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 $24,492,753.58. The trade was a 10.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM traded down $9.04 on Friday, hitting $294.79. The stock had a trading volume of 9,831,520 shares, compared to its average volume of 6,597,590. The stock has a market cap of $810.59 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.96 and a beta of 1.13. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The business's 50-day simple moving average is $293.16 and its two-hundred day simple moving average is $266.02. JPMorgan Chase & Co. has a 52-week low of $200.61 and a 52-week high of $305.15.

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

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.