JPMorgan Chase & Co. $JPM Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in JPMorgan Chase & Co. by 3.3% in the first quarter, acquiring an additional 8,485 shares, bringing its total holdings to 269,147 shares valued at approximately $66 million.
• JPMorgan Chase reported earnings of $4.96 per share for the last quarter, exceeding analysts' expectations of $4.48, although revenue decreased by 10.5% year-over-year to $44.91 billion.
• As of now, institutional investors and hedge funds own 71.55% of JPMorgan Chase's stock, indicating strong institutional interest in the financial services provider.

Banco Bilbao Vizcaya Argentaria S.A. raised its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 269,147 shares of the financial services provider's stock after acquiring an additional 8,485 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.7% of Banco Bilbao Vizcaya Argentaria S.A.'s portfolio, making the stock its 23rd biggest position. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in JPMorgan Chase & Co. were worth $66,033,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Florida Financial Advisors LLC grew its position in JPMorgan Chase & Co. by 62.5% in the 1st quarter. Florida Financial Advisors LLC now owns 9,863 shares of the financial services provider's stock valued at $2,416,000 after acquiring an additional 3,792 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $471,000. Crown Wealth Group LLC grew its position in shares of 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 worth $1,060,000 after buying an additional 222 shares in the last quarter. Morse Asset Management Inc grew its position in shares of 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 worth $630,000 after buying an additional 420 shares in the last quarter. Finally, Hidden Cove Wealth Management LLC grew its position in shares of 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 worth $677,000 after buying an additional 112 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $292.1840 on Thursday. The stock has a 50 day moving average price of $287.83 and a 200 day moving average price of $264.10. 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 company has a market capitalization of $803.43 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 1.93 and a beta of 1.11. JPMorgan Chase & Co. has a 52-week low of $200.61 and a 52-week high of $301.29.

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 for the quarter, beating 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 company had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. During the same quarter in the previous year, the business earned $6.12 earnings per share. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. Research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the business's 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 sale, the chief operating officer owned 62,455 shares in the company, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Morgan Stanley boosted their price objective on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Baird R W downgraded JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Friday, June 27th. Evercore ISI set a $298.00 price objective on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research report on Monday, July 7th. Finally, TD Cowen assumed 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. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and an average price target of $288.68.

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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