JPMorgan Chase & Co. $JPM Shares Acquired by Temasek Holdings Private Ltd

Key Points

• Temasek Holdings increased its stake in JPMorgan Chase & Co. by 23.2%, acquiring a total of 107,731 shares worth approximately $26.4 million as of the end of the first quarter.
• JPMorgan's recent earnings report showed an EPS of $4.96, exceeding analyst expectations, though revenue decreased by 10.5% year-over-year.
• Analysts have mixed views on JPM shares, with ratings ranging from "Strong Buy" to "Sell", and a consensus target price of $291.67.

Temasek Holdings Private Ltd raised its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 23.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,731 shares of the financial services provider's stock after acquiring an additional 20,300 shares during the period. Temasek Holdings Private Ltd's holdings in JPMorgan Chase & Co. were worth $26,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Talon Private Wealth LLC boosted its stake in JPMorgan Chase & Co. by 1,848.0% in the first quarter. Talon Private Wealth LLC now owns 11,610 shares of the financial services provider's stock valued at $2,900,000 after acquiring an additional 11,014 shares in the last quarter. Teza Capital Management LLC acquired a new position in JPMorgan Chase & Co. in the first quarter valued at $4,533,000. UniSuper Management Pty Ltd boosted its stake in JPMorgan Chase & Co. by 1.1% in the first quarter. UniSuper Management Pty Ltd now owns 1,738,771 shares of the financial services provider's stock valued at $426,521,000 after acquiring an additional 18,490 shares in the last quarter. Shellback Capital LP acquired a new position in JPMorgan Chase & Co. in the first quarter valued at $30,662,000. Finally, Richwood Investment Advisors LLC boosted its stake in JPMorgan Chase & Co. by 5.6% in the first quarter. Richwood Investment Advisors LLC now owns 2,336 shares of the financial services provider's stock valued at $573,000 after acquiring an additional 123 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM traded up $4.79 on Tuesday, reaching $297.70. 7,844,109 shares of the company were exchanged, compared to its average volume of 6,731,510. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 1-year low of $200.61 and a 1-year high of $305.15. The firm has a market cap of $818.60 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 1.95 and a beta of 1.13. The company has a 50-day moving average of $293.21 and a 200-day moving average of $266.22.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business's revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $6.12 EPS. Equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a "buy" rating and a $305.00 price objective for the company. Keefe, Bruyette & Woods boosted their target price on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price on the stock. in a report on Friday, June 27th. Phillip Securities cut shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Finally, Hsbc Global Res cut shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and a consensus price target of $291.67.

Insider Activity

In other 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 transaction of $2,830,430.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.47% of the stock is owned by company insiders.

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.