Junto Capital Management LP Sells 185,563 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Junto Capital Management LP reduced its stake in JPMorgan Chase & Co. by 37.0%, selling 185,563 shares, and now holds 316,077 shares valued at approximately $77.5 million.
• Analysts have mixed ratings for JPMorgan Chase & Co., with one downgrading the stock to a "strong sell" while others raised their target prices, resulting in an average rating of "Moderate Buy" with a target price of $288.68.
• JPMorgan Chase & Co. reported earnings per share of $4.96 for the last quarter, exceeding expectations, but showed a revenue decline of 10.5% compared to the same quarter the previous year.

Junto Capital Management LP lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 37.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 316,077 shares of the financial services provider's stock after selling 185,563 shares during the period. JPMorgan Chase & Co. comprises about 1.6% of Junto Capital Management LP's investment portfolio, making the stock its 16th biggest holding. Junto Capital Management LP's holdings in JPMorgan Chase & Co. were worth $77,534,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in 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 purchasing an additional 23,465,278 shares during the last quarter. Nuveen LLC bought a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $3,972,807,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of JPMorgan Chase & Co. by 31.4% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,684,810 shares of the financial services provider's stock worth $2,561,256,000 after buying an additional 2,551,899 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in 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 worth $4,207,028,000 after buying an additional 2,465,572 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $454,042,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock traded down $2.05 on Tuesday, reaching $299.37. 5,145,251 shares of the stock were exchanged, compared to its average volume of 9,702,286. 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. has a twelve month low of $200.61 and a twelve month high of $302.95. The firm has a fifty day moving average price of $292.05 and a two-hundred day moving average price of $265.36. The stock has a market cap of $823.19 billion, a PE ratio of 15.36, a PEG ratio of 2.00 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating the consensus estimate 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 net margin of 20.52% and a return on equity of 16.93%. The firm's revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the company earned $6.12 earnings per share. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insider Activity

In other news, COO Jennifer Piepszak sold 6,128 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the completion of the sale, the chief operating officer owned 62,455 shares of the company's stock, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of analyst reports. TD Cowen began coverage on JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a "buy" rating and a $305.00 price target for the company. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price for the company. in a research report on Friday, June 27th. Morgan Stanley boosted their price target on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Finally, Truist Financial raised their price objective on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $288.68.

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.