JPMorgan Chase & Co. $JPM Stock Position Raised by Trinity Financial Advisors LLC

Key Points

• Trinity Financial Advisors LLC raised its stake in JPMorgan Chase & Co. by 5.5%, owning 20,292 shares valued at approximately $4.64 million, making it the firm's 18th largest position.
• A significant increase in institutional ownership was noted, with GAMMA Investing LLC raising their stake by an astounding 25,861.9% to own over 23.5 million shares valued at $5.78 billion.
• JPMorgan Chase recently reported earnings of $4.96 per share, surpassing analyst expectations, although its quarterly revenue showed a 10.5% decline compared to the previous year.

Trinity Financial Advisors LLC raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,292 shares of the financial services provider's stock after purchasing an additional 1,051 shares during the period. JPMorgan Chase & Co. accounts for about 1.7% of Trinity Financial Advisors LLC's investment portfolio, making the stock its 18th largest position. Trinity Financial Advisors LLC's holdings in JPMorgan Chase & Co. were worth $4,641,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of JPMorgan Chase & Co. by 25,861.9% in the 1st quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock valued at $5,778,289,000 after acquiring an additional 23,465,278 shares in the last quarter. Nuveen LLC bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $3,972,807,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of JPMorgan Chase & Co. by 16.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,550,491 shares of the financial services provider's stock valued at $4,207,028,000 after acquiring an additional 2,465,572 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $454,042,000. Finally, National Bank of Canada FI raised its stake in shares of JPMorgan Chase & Co. by 44.4% in the 1st quarter. National Bank of Canada FI now owns 4,518,740 shares of the financial services provider's stock valued at $1,108,415,000 after acquiring an additional 1,388,992 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. 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 sale, the director owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

JPM has been the topic of a number of recent analyst reports. Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Citigroup set a $275.00 price objective on JPMorgan Chase & Co. and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, Morgan Stanley raised their target price on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and an average target price of $291.67.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $293.01 on Tuesday. JPMorgan Chase & Co. has a 1-year low of $200.61 and a 1-year high of $305.15. The firm has a market capitalization of $805.70 billion, a PE ratio of 15.03, a PEG ratio of 1.96 and a beta of 1.13. The business's 50 day moving average is $293.21 and its 200-day moving average is $266.22. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. During the same quarter last year, the firm earned $6.12 EPS. JPMorgan Chase & Co.'s revenue for the quarter was down 10.5% compared to the same quarter last year. Sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

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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