JPMorgan Chase & Co. $JPM Shares Acquired by PGIM Custom Harvest LLC

Key Points

• PGIM Custom Harvest LLC has increased its holdings in JPMorgan Chase & Co. by 10.6%, owning 13,811 shares valued at approximately $3.39 million as of its latest SEC filing.
• JPMorgan Chase reported $4.96 earnings per share for the latest quarter, exceeding analysts' expectations of $4.48, but its revenue has decreased by 10.5% year-over-year.
• Institutional investors currently own 71.55% of JPMorgan Chase & Co.'s stock, highlighting significant interest from large financial entities.

PGIM Custom Harvest LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 10.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,811 shares of the financial services provider's stock after acquiring an additional 1,320 shares during the quarter. PGIM Custom Harvest LLC's holdings in JPMorgan Chase & Co. were worth $3,388,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of JPM. Florida Financial Advisors LLC raised its stake in JPMorgan Chase & Co. by 62.5% during the first quarter. Florida Financial Advisors LLC now owns 9,863 shares of the financial services provider's stock valued at $2,416,000 after buying an additional 3,792 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $471,000. Crown Wealth Group LLC raised its stake in JPMorgan Chase & Co. by 5.4% during the first quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider's stock valued at $1,060,000 after buying an additional 222 shares in the last quarter. Morse Asset Management Inc raised its stake in JPMorgan Chase & Co. by 19.5% during the first quarter. Morse Asset Management Inc now owns 2,569 shares of the financial services provider's stock valued at $630,000 after buying an additional 420 shares in the last quarter. Finally, Hidden Cove Wealth Management LLC raised its stake in JPMorgan Chase & Co. by 4.2% during the first quarter. Hidden Cove Wealth Management LLC now owns 2,758 shares of the financial services provider's stock valued at $677,000 after buying an additional 112 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $291.0580 on Friday. JPMorgan Chase & Co. has a 12-month low of $200.61 and a 12-month high of $301.29. The firm has a market capitalization of $800.34 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11. The business has a 50 day simple moving average of $288.29 and a 200 day simple moving average of $264.27. 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. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data 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 return on equity of 16.93% and a net margin of 20.52%.The business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same period in the prior year, the company posted $6.12 EPS. The business's revenue for the quarter was down 10.5% compared to the same quarter last year. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Morgan Stanley raised their price target on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. TD Cowen began coverage on JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a "buy" rating and a $305.00 price objective for the company. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price objective for the company. in a research report on Friday, June 27th. Finally, Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $288.68.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the transaction, the chief operating officer directly owned 62,455 shares of the company's stock, valued at $16,392,563.85. This represents a 8.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.47% of the stock is owned by company insiders.

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.

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