UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $4.52 Billion Stake in JPMorgan Chase & Co. $JPM

Key Points

• UBS Asset Management increased its stake in JPMorgan Chase & Co. by 5.1%, owning 18,441,044 shares valued at approximately $4.5 billion, making it the 10th largest holding in their portfolio.
• A significant increase in investments was noted from other institutional investors, including GAMMA Investing LLC, which raised its stake by an astonishing 25,861.9%.
• JPMorgan reported $4.96 EPS for the last quarter, surpassing predictions and showing a 10.5% year-over-year revenue decline.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,441,044 shares of the financial services provider's stock after purchasing an additional 890,553 shares during the quarter. JPMorgan Chase & Co. comprises 1.2% of UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC's portfolio, making the stock its 10th largest holding. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.66% of JPMorgan Chase & Co. worth $4,523,588,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of JPM. MJT & Associates Financial Advisory Group Inc. acquired a new position in JPMorgan Chase & Co. during the 1st quarter valued at $28,000. University of Illinois Foundation acquired a new position in shares of JPMorgan Chase & Co. during the first quarter valued at about $30,000. Curat Global LLC bought a new position in JPMorgan Chase & Co. during the first quarter valued at about $33,000. Measured Risk Portfolios Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $44,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $54,000. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM traded up $4.85 on Thursday, hitting $305.39. The company's stock had a trading volume of 7,940,171 shares, compared to its average volume of 9,639,716. The company has a market capitalization of $839.75 billion, a PE ratio of 15.67, a PEG ratio of 1.98 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 $305.73. The company has a 50 day moving average price of $293.54 and a 200 day moving average price of $266.68. 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. (NYSE:JPM - Get Free Report) last released 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. The business had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $6.12 earnings per share. On average, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of recent research reports. 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. Keefe, Bruyette & Woods lifted their target price on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Robert W. Baird cut 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 research note on Friday, June 27th. HSBC restated a "reduce" rating and set a $259.00 price target 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 note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $291.67.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the transaction, the director directly owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.47% of the company's stock.

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.