JPMorgan Chase & Co. $JPM is OMERS ADMINISTRATION Corp's 5th Largest Position

Key Points

• OMERS ADMINISTRATION Corp reduced its holdings in JPMorgan Chase & Co. by 0.4%, now owning approximately 1.5 million shares valued at about $371.7 million.
• JPMorgan Chase reported earnings per share of $4.96 for the last quarter, exceeding analyst expectations, while revenue decreased by 10.5% year-over-year.
• Analysts have set a consensus price target of $288.68 for JPMorgan Chase, with a mixture of ratings including one Strong Buy and thirteen Buy ratings.

OMERS ADMINISTRATION Corp lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,515,290 shares of the financial services provider's stock after selling 6,661 shares during the period. JPMorgan Chase & Co. makes up approximately 3.3% of OMERS ADMINISTRATION Corp's investment portfolio, making the stock its 5th largest position. OMERS ADMINISTRATION Corp owned about 0.05% of JPMorgan Chase & Co. worth $371,701,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in JPMorgan Chase & Co. during the first quarter worth $28,000. University of Illinois Foundation bought a new stake in JPMorgan Chase & Co. during the first quarter valued at $30,000. Curat Global LLC bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth about $33,000. Measured Risk Portfolios Inc. bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $44,000. Finally, Minot DeBlois Advisors LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $54,000. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of recent research reports. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price objective for the company. in a research note on Friday, June 27th. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Hsbc Global Res cut shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. HSBC reiterated a "reduce" rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Finally, Piper Sandler reiterated an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $288.68.

JPMorgan Chase & Co. Trading Up 0.1%

JPM traded up $0.39 on Friday, reaching $301.46. 6,790,292 shares of the company traded hands, compared to its average volume of 7,101,695. 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 company has a market cap of $828.94 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 2.00 and a beta of 1.11. The firm has a fifty day simple moving average of $291.59 and a two-hundred day simple moving average of $265.33. JPMorgan Chase & Co. has a one year low of $200.61 and a one year high of $302.95.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. The firm had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company's quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.12 EPS. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.47% of the company's stock.

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.