Neville Rodie & Shaw Inc. Sells 3,193 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Neville Rodie & Shaw Inc. reduced its stake in JPMorgan Chase & Co. by 2.4%, holding 131,529 shares after selling 3,193 shares during the second quarter.
• JPMorgan Chase & Co. reported earnings per share of $4.96 for the last quarter, surpassing expectations by $0.48, despite a year-over-year revenue decline of 10.5%.
• The stock currently has an average rating of "Moderate Buy" from analysts, with a consensus target price of $291.67.

Neville Rodie & Shaw Inc. lowered its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 131,529 shares of the financial services provider's stock after selling 3,193 shares during the period. JPMorgan Chase & Co. accounts for approximately 2.8% of Neville Rodie & Shaw Inc.'s portfolio, making the stock its 7th biggest holding. Neville Rodie & Shaw Inc.'s holdings in JPMorgan Chase & Co. were worth $38,132,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth $28,000. University of Illinois Foundation purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth $30,000. Curat Global LLC purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth $33,000. Capital A Wealth Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $64,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $72,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the sale, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Piper Sandler restated an "overweight" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 15th. Citigroup set a $275.00 price objective on shares of JPMorgan Chase & Co. and gave the company a "buy" rating in a report on Monday, July 7th. Finally, Truist Financial boosted their price objective on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and an average target price of $291.67.

JPMorgan Chase & Co. Stock Up 0.4%

JPM traded up $1.32 on Friday, reaching $306.88. The company's stock had a trading volume of 6,845,781 shares, compared to its average volume of 6,719,976. The stock has a 50 day moving average of $293.94 and a two-hundred day moving average of $267.44. 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 capitalization of $843.84 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 2.04 and a beta of 1.13. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $307.55.

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 analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same period in the prior year, the company posted $6.12 earnings per share. The firm's quarterly revenue was down 10.5% compared to the same quarter last year. As a group, analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Company 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.