JPMorgan Chase & Co. $JPM Shares Sold by Callan Family Office LLC

Key Points

• Callan Family Office LLC reduced its holdings in JPMorgan Chase & Co. by 19.0%, owning 33,576 shares worth approximately $8.24 million, making it the firm's 27th largest position.
• Recent analyst ratings varied, with Baird R W downgrading JPM to a "strong sell," while Wells Fargo raised its target price to $325.00, indicating mixed sentiment among investors.
• JPMorgan Chase's latest quarterly earnings showed an EPS of $4.96, surpassing estimates and reflecting a 10.5% decline in revenue year-over-year.

Callan Family Office LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 19.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,576 shares of the financial services provider's stock after selling 7,884 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.6% of Callan Family Office LLC's investment portfolio, making the stock its 27th largest position. Callan Family Office LLC's holdings in JPMorgan Chase & Co. were worth $8,236,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in JPM. MJT & Associates Financial Advisory Group Inc. acquired a new position in JPMorgan Chase & Co. during the 1st quarter worth about $28,000. University of Illinois Foundation acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $30,000. Curat Global LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth about $33,000. Measured Risk Portfolios Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $44,000. Finally, Minot DeBlois Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $54,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM traded down $0.5450 during trading hours on Tuesday, reaching $290.9850. 1,958,853 shares of the stock were exchanged, compared to its average volume of 9,855,314. 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 firm has a 50 day simple moving average of $286.92 and a 200-day simple moving average of $263.72. JPMorgan Chase & Co. has a 52 week low of $200.61 and a 52 week high of $301.29. The stock has a market capitalization of $800.14 billion, a P/E ratio of 14.93, a P/E/G ratio of 1.93 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping 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 company had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same quarter last year, the business posted $6.12 EPS. JPMorgan Chase & Co.'s quarterly revenue was down 10.5% compared to the same quarter last year. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

JPM has been the topic of several analyst reports. Royal Bank Of Canada set a $305.00 target price on JPMorgan Chase & Co. and gave the company an "outperform" rating in a research note on Monday, June 30th. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. HSBC reaffirmed a "reduce" rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Finally, TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $288.68.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of the 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 sale, the chief operating officer directly owned 62,455 shares in the company, valued at approximately $16,392,563.85. This represents a 8.94% 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.

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.