JPMorgan Chase & Co. $JPM Shares Sold by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. reduced its stake in JPMorgan Chase & Co. by 0.6%, holding approximately 22.4 million shares worth about $5.5 billion as of its latest SEC filing.
• JPMorgan's COO, Jennifer Piepszak, sold over 6,100 shares, reflecting an 8.94% decrease in her ownership, totaling around $1.61 million in value.
• JPMorgan Chase & Co. recently had mixed analyst opinions, with rating downgrades and target price adjustments, leading to an average rating of "Moderate Buy" and a target price of $288.68.

Ameriprise Financial Inc. trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,419,005 shares of the financial services provider's stock after selling 125,711 shares during the period. JPMorgan Chase & Co. comprises about 1.5% of Ameriprise Financial Inc.'s investment portfolio, making the stock its 5th biggest position. Ameriprise Financial Inc. owned about 0.81% of JPMorgan Chase & Co. worth $5,500,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth approximately $28,000. University of Illinois Foundation acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at $30,000. Curat Global LLC bought a new stake in JPMorgan Chase & Co. in the first quarter valued at $33,000. Measured Risk Portfolios Inc. acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $44,000. Finally, Minot DeBlois Advisors LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $54,000. Institutional investors own 71.55% of the company's stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction 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. The trade was a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.47% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on JPM shares. Baird R W downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a "buy" rating and a $305.00 price target for the company. Robert W. Baird lowered shares of 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. Morgan Stanley lifted their price target on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $288.68.

JPMorgan Chase & Co. Trading Down 0.4%

Shares of NYSE:JPM opened at $291.0580 on Friday. The stock has a market capitalization of $800.34 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The company's 50-day moving average price is $288.29 and its two-hundred day moving average price is $264.27. JPMorgan Chase & Co. has a one year low of $200.61 and a one year high of $301.29.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. The company 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%. JPMorgan Chase & Co.'s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.12 EPS. On average, equities 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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