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

Key Points

• Bard Financial Services Inc. reduced its stake in JPMorgan Chase & Co. by 2.2%, now holding 44,660 shares valued at approximately $12.9 million, making it the firm's 9th largest position.
• Several large investors increased their holdings in JPMorgan, with Tang Capital Management LLC growing its stake by 41.3% in the fourth quarter.
• Analysts have mixed ratings on JPMorgan Chase, with the stock currently holding a consensus rating of "Moderate Buy" and an average target price of $291.67.

Bard Financial Services Inc. lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,660 shares of the financial services provider's stock after selling 1,025 shares during the period. JPMorgan Chase & Co. makes up about 1.5% of Bard Financial Services Inc.'s holdings, making the stock its 9th biggest position. Bard Financial Services Inc.'s holdings in JPMorgan Chase & Co. were worth $12,947,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in JPM. Brighton Jones LLC grew its stake in JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after acquiring an additional 4,841 shares during the period. Bank Pictet & Cie Europe AG grew its stake in JPMorgan Chase & Co. by 0.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock valued at $46,068,000 after acquiring an additional 1,229 shares during the period. Highview Capital Management LLC DE grew its stake in JPMorgan Chase & Co. by 16.1% in the fourth quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock valued at $3,266,000 after acquiring an additional 1,893 shares during the period. Tang Capital Management LLC grew its stake in JPMorgan Chase & Co. by 41.3% in the fourth quarter. Tang Capital Management LLC now owns 6,601 shares of the financial services provider's stock valued at $1,582,000 after acquiring an additional 1,928 shares during the period. Finally, Stuart Chaussee & Associates Inc. grew its stake in JPMorgan Chase & Co. by 31.3% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 659 shares of the financial services provider's stock valued at $158,000 after acquiring an additional 157 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on JPM shares. Keefe, Bruyette & Woods raised their price objective on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Bank of America raised their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Truist Financial raised their price objective on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a research note on Wednesday, July 9th. Phillip Securities cut JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Finally, HSBC reissued a "reduce" rating and issued a $259.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $291.67.

Insider Buying and Selling

In related 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 sale, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $306.88 on Monday. The business's fifty day simple moving average is $293.94 and its 200 day simple moving average is $267.44. The firm has a market capitalization of $843.84 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 2.04 and a beta of 1.13. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $307.55. 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. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.JPMorgan Chase & Co.'s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period last year, the company posted $6.12 earnings per share. As a group, analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

About JPMorgan Chase & Co.

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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