JPMorgan Chase & Co. $JPM Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC reduced its stake in JPMorgan Chase & Co. by 13.1%, now holding approximately 3.3 million shares, which constitutes 0.9% of their total holdings.
• JPMorgan Chase & Co.** reported earnings of $4.96 per share, exceeding expectations, but its quarterly revenue has decreased by 10.5% compared to the previous year.
• Analysts have varying ratings for JPMorgan Chase & Co., with a consensus price target of $291.67 and eleven out of nineteen analysts rating the stock as a "Buy" or higher.

Voya Investment Management LLC cut its position in JPMorgan Chase & Co. (NYSE:JPM) by 13.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,332,008 shares of the financial services provider's stock after selling 503,914 shares during the period. JPMorgan Chase & Co. accounts for 0.9% of Voya Investment Management LLC's holdings, making the stock its 14th largest position. Voya Investment Management LLC owned about 0.12% of JPMorgan Chase & Co. worth $817,342,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in JPM. MJT & Associates Financial Advisory Group Inc. purchased a new position in JPMorgan Chase & Co. during the first quarter worth approximately $28,000. University of Illinois Foundation purchased a new position in JPMorgan Chase & Co. during the first quarter worth approximately $30,000. Curat Global LLC purchased a new position in JPMorgan Chase & Co. during the first quarter worth approximately $33,000. Capital A Wealth Management LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $64,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $72,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $305.39 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $839.75 billion, a PE ratio of 15.67, a P/E/G ratio of 2.00 and a beta of 1.13. JPMorgan Chase & Co. has a 12-month low of $202.16 and a 12-month high of $305.73. The business's fifty day moving average price is $293.72 and its 200 day moving average price is $266.98.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data 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. 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 return on equity of 16.93% and a net margin of 20.52%.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 business earned $6.12 EPS. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on JPM shares. Evercore ISI set a $298.00 price objective on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research report on Monday, July 7th. Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. Citigroup set a $275.00 price objective on JPMorgan Chase & Co. and gave the stock a "buy" rating in a research report on Monday, July 7th. TD Cowen started coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They issued a "buy" rating and a $305.00 price objective on the stock. Finally, Bank of America boosted their price objective on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $291.67.

Insider Activity

In related news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the sale, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.

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