JPMorgan Chase & Co. $JPM Shares Sold by Lingohr Asset Management GmbH

Key Points

• Lingohr Asset Management GmbH significantly reduced its stake in JPMorgan Chase & Co. by 93.3%, owning only 1,776 shares after selling 24,784 shares in the 2nd quarter.
• JPMorgan's stock is currently priced at $306.88, with a market capitalization of $843.84 billion, a P/E ratio of 15.75, and a revenue of $44.91 billion reported in its last earnings announcement.
• Institutional investors own approximately 71.55% of JPMorgan's stock, highlighting strong institutional interest in the company despite fluctuations in share ownership.

Lingohr Asset Management GmbH trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 93.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,776 shares of the financial services provider's stock after selling 24,784 shares during the period. Lingohr Asset Management GmbH's holdings in JPMorgan Chase & Co. were worth $512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Brighton Jones LLC lifted its stake in shares of JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after purchasing an additional 4,841 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in shares of JPMorgan Chase & Co. by 0.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock worth $46,068,000 after buying an additional 1,229 shares in the last quarter. Highview Capital Management LLC DE grew its holdings in shares of JPMorgan Chase & Co. by 16.1% during the fourth quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock worth $3,266,000 after buying an additional 1,893 shares in the last quarter. Tang Capital Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 41.3% during the fourth quarter. Tang Capital Management LLC now owns 6,601 shares of the financial services provider's stock worth $1,582,000 after buying an additional 1,928 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. boosted its position in shares of JPMorgan Chase & Co. by 31.3% during the 4th 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 last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $306.88 on Monday. The firm has a market capitalization of $843.84 billion, a P/E ratio of 15.75, a P/E/G ratio of 2.04 and a beta of 1.13. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $307.55. 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 firm's 50 day moving average is $293.94 and its two-hundred day moving average is $267.44.

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

Analyst Ratings Changes

JPM has been the topic of a number of recent analyst reports. Piper Sandler reaffirmed an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. Phillip Securities cut shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada set a $305.00 price target on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research report on Monday, June 30th. Keefe, Bruyette & Woods increased their price target on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Finally, Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $291.67.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is owned by corporate insiders.

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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