JPMorgan Chase & Co. $JPM Shares Sold by Alpha DNA Investment Management LLC

Key Points

• Alpha DNA Investment Management LLC has significantly reduced its stake in JPMorgan Chase & Co. by 91% in the first quarter, leaving it with only 1,872 shares valued at approximately $459,000.
• Analysts have mixed opinions on the stock, with Robert W. Baird downgrading it to "underperform," while others like Citigroup and Royal Bank Of Canada have set higher price targets and maintained "buy" ratings.
• JPMorgan reported earnings of $4.96 EPS for the last quarter, exceeding estimates, but its revenue fell by 10.5% compared to the previous year.

Alpha DNA Investment Management LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 91.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,872 shares of the financial services provider's stock after selling 18,976 shares during the quarter. JPMorgan Chase & Co. comprises approximately 6.0% of Alpha DNA Investment Management LLC's investment portfolio, making the stock its 4th biggest position. Alpha DNA Investment Management LLC's holdings in JPMorgan Chase & Co. were worth $459,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of JPMorgan Chase & Co. by 5.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,441,044 shares of the financial services provider's stock worth $4,523,588,000 after acquiring an additional 890,553 shares during the last quarter. Woodline Partners LP increased its stake in shares of JPMorgan Chase & Co. by 39.7% in the 1st quarter. Woodline Partners LP now owns 236,229 shares of the financial services provider's stock worth $57,947,000 after acquiring an additional 67,156 shares during the last quarter. Zurich Insurance Group Ltd FI increased its stake in shares of JPMorgan Chase & Co. by 41.6% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 653,367 shares of the financial services provider's stock worth $160,271,000 after acquiring an additional 191,833 shares during the last quarter. McIlrath & Eck LLC increased its stake in shares of JPMorgan Chase & Co. by 3.6% in the 1st quarter. McIlrath & Eck LLC now owns 6,517 shares of the financial services provider's stock worth $1,599,000 after acquiring an additional 225 shares during the last quarter. Finally, Semmax Financial Advisors Inc. increased its stake in shares of JPMorgan Chase & Co. by 3.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 36,507 shares of the financial services provider's stock worth $9,239,000 after acquiring an additional 1,057 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price for the company. in a research note on Friday, June 27th. Citigroup set a $275.00 price target on JPMorgan Chase & Co. and gave the stock a "buy" rating in a report on Monday, July 7th. Royal Bank Of Canada set a $305.00 price objective on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research report on Monday, June 30th. 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, Hsbc Global Res downgraded JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and an average price target of $291.67.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the business's 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 completion of the transaction, the director directly owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $293.01 on Tuesday. JPMorgan Chase & Co. has a one year low of $200.61 and a one year high of $305.15. The company has a market cap of $805.70 billion, a PE ratio of 15.03, a P/E/G ratio of 1.96 and a beta of 1.13. 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 business has a 50-day simple moving average of $293.21 and a 200-day simple moving average of $266.22.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 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 the consensus estimate of $43.76 billion. During the same period in the previous year, the company posted $6.12 earnings per share. The business's revenue for the quarter was down 10.5% on a year-over-year basis. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

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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