JPMorgan Chase & Co. $JPM Shares Sold by Nicolet Bankshares Inc.

Key Points

• Nicolet Bankshares Inc. reduced its stake in JPMorgan Chase & Co. by 6.8%, now holding 22,693 shares worth approximately $5.57 million.
• Institutional investors and hedge funds currently own 71.55% of JPMorgan Chase & Co.'s stock, indicating a strong institutional interest in the company.
• JPMorgan Chase & Co. reported an EPS of $4.96 for the last quarter, exceeding analyst expectations by $0.48, despite a 10.5% year-over-year decline in revenue.

Nicolet Bankshares Inc. decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,693 shares of the financial services provider's stock after selling 1,649 shares during the period. JPMorgan Chase & Co. accounts for 1.1% of Nicolet Bankshares Inc.'s portfolio, making the stock its 21st largest position. Nicolet Bankshares Inc.'s holdings in JPMorgan Chase & Co. were worth $5,567,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings 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 buying an additional 4,841 shares during the period. Bank Pictet & Cie Europe AG raised its holdings 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 buying an additional 1,229 shares during the period. Highview Capital Management LLC DE raised its holdings 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 buying an additional 1,893 shares during the period. KKM Financial LLC raised its holdings in JPMorgan Chase & Co. by 3.9% in the fourth quarter. KKM Financial LLC now owns 16,854 shares of the financial services provider's stock valued at $4,040,000 after buying an additional 640 shares during the period. Finally, Boothbay Fund Management LLC raised its holdings in JPMorgan Chase & Co. by 28.0% in the fourth quarter. Boothbay Fund Management LLC now owns 1,959 shares of the financial services provider's stock valued at $470,000 after buying an additional 428 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction dated 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 sale, the chief operating officer directly owned 62,455 shares in the company, valued at $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $294.92 on Tuesday. The company has a market cap of $810.96 billion, a PE ratio of 15.13, a P/E/G ratio of 1.97 and a beta of 1.11. The company has a fifty day moving average price of $289.41 and a two-hundred day moving average price of $264.46. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. JPMorgan Chase & Co. has a 12 month low of $200.61 and a 12 month high of $301.29.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same quarter in the previous year, the company posted $6.12 earnings per share. The company's revenue for the quarter was down 10.5% compared to the same quarter last year. Research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

JPM has been the topic of several research reports. TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Evercore ISI set a $298.00 price objective on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a research note on Monday, July 7th. Truist Financial lifted their price objective on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a research note on Wednesday, July 9th. Wells Fargo & Company lifted their price objective on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Finally, Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. One investment 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 company. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and a consensus 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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