JPMorgan Chase & Co. $JPM Shares Sold by Schwerin Boyle Capital Management Inc.

Key Points

• Schwerin Boyle Capital Management Inc. decreased its stake in JPMorgan Chase & Co. by 4.2% during the first quarter, leaving it with 140,118 shares valued at approximately $34.37 million.
• A variety of institutional investors recently adjusted their positions in JPMorgan Chase & Co., with several purchasing new stakes during the first quarter, contributing to a total ownership of 71.55% among institutional investors.
• JPMorgan Chase & Co. reported earnings of $4.96 per share for the last quarter, surpassing estimates, although revenue was down 10.5% year-over-year.

Schwerin Boyle Capital Management Inc. reduced its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 140,118 shares of the financial services provider's stock after selling 6,118 shares during the quarter. JPMorgan Chase & Co. makes up 3.5% of Schwerin Boyle Capital Management Inc.'s investment portfolio, making the stock its 8th largest holding. Schwerin Boyle Capital Management Inc.'s holdings in JPMorgan Chase & Co. were worth $34,371,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price on the stock. in a report on Friday, June 27th. HSBC reissued a "reduce" rating and set a $259.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Baird R W cut shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. Keefe, Bruyette & Woods lifted their target price 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, Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $288.68.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $295.9920 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $813.90 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 1.97 and a beta of 1.11. JPMorgan Chase & Co. has a one year low of $200.61 and a one year high of $301.29. The company's 50-day moving average is $288.92 and its 200 day moving average is $264.33.

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 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 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 firm's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.12 earnings per share. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is currently owned by insiders.

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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