JPMorgan Chase & Co. $JPM Shares Sold by Matthew 25 Management Corp

Key Points

• Matthew 25 Management Corp has decreased its holdings in JPMorgan Chase & Co. by 16.3%, now owning 55,000 shares after selling 10,750 shares in the first quarter, making JPM a 5.0% portion of their investment portfolio.
• GAMMA Investing LLC dramatically increased its stake in JPMorgan Chase by 25,861.9%, acquiring an additional 23,465,278 shares, bringing its total to over 23.5 million shares valued at approximately $5.78 billion.
• JPMorgan Chase & Co. reported a quarterly earnings of $4.96 per share, exceeding estimates and showing revenue of $44.91 billion, which was above expectations of $43.76 billion.

Matthew 25 Management Corp lowered its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 16.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,000 shares of the financial services provider's stock after selling 10,750 shares during the quarter. JPMorgan Chase & Co. accounts for 5.0% of Matthew 25 Management Corp's investment portfolio, making the stock its 7th biggest position. Matthew 25 Management Corp's holdings in JPMorgan Chase & Co. were worth $13,492,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth about $28,000. University of Illinois Foundation acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth about $30,000. Curat Global LLC acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth about $33,000. Measured Risk Portfolios Inc. acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $44,000. Finally, Minot DeBlois Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $54,000. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Down 0.4%

JPMorgan Chase & Co. stock traded down $1.1820 during midday trading on Thursday, hitting $291.0580. The stock had a trading volume of 6,622,726 shares, compared to its average volume of 7,551,326. 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 stock has a market cap of $800.34 billion, a P/E ratio of 14.93, a P/E/G ratio of 1.94 and a beta of 1.11. JPMorgan Chase & Co. has a 12 month low of $200.61 and a 12 month high of $301.29. The business has a fifty day moving average price of $288.29 and a 200 day moving average price of $264.27.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating the consensus estimate of $4.48 by $0.48. The company had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The business's revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $6.12 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. HSBC restated a "reduce" rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Piper Sandler reaffirmed an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price on the stock. in a research report on Friday, June 27th. Finally, Bank of America lifted their target price on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. One equities research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $288.68.

Insider Activity

In other news, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction 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 approximately $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.