Landscape Capital Management L.L.C. Sells 9,619 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Landscape Capital Management L.L.C. has significantly reduced its stake in JPMorgan Chase & Co. by 77.7%, selling 9,619 shares and retaining only 2,754 shares.
• JPMorgan Chase's latest earnings report showed a 10.5% year-over-year revenue decline, but surpassed EPS expectations, reporting $4.96 against a consensus of $4.48.
• Analyst ratings on JPMorgan Chase vary, with a recent downgrade to "moderate sell" by HSBC and price targets ranging up to $275.00 from Citigroup.

Landscape Capital Management L.L.C. lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 77.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,754 shares of the financial services provider's stock after selling 9,619 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in JPMorgan Chase & Co. were worth $676,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its position in JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after purchasing an additional 4,841 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in shares of JPMorgan Chase & Co. by 0.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock worth $46,068,000 after purchasing an additional 1,229 shares during the last quarter. Highview Capital Management LLC DE raised its stake in shares of JPMorgan Chase & Co. by 16.1% during the fourth quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock valued at $3,266,000 after acquiring an additional 1,893 shares during the last quarter. KKM Financial LLC grew its stake in shares of JPMorgan Chase & Co. by 3.9% in the fourth quarter. KKM Financial LLC now owns 16,854 shares of the financial services provider's stock worth $4,040,000 after purchasing an additional 640 shares during the last quarter. Finally, AlTi Global Inc. increased its holdings in JPMorgan Chase & Co. by 6.8% in the fourth quarter. AlTi Global Inc. now owns 34,372 shares of the financial services provider's stock valued at $8,514,000 after purchasing an additional 2,176 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction 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 owned 62,455 shares in the company, valued at approximately $16,392,563.85. This represents a 8.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

JPM stock traded down $2.75 during mid-day trading on Tuesday, hitting $298.67. The company had a trading volume of 4,513,859 shares, compared to its average volume of 9,700,824. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $821.26 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 2.00 and a beta of 1.13. JPMorgan Chase & Co. has a 12 month low of $200.61 and a 12 month high of $302.95. The stock's fifty day moving average price is $292.05 and its two-hundred day moving average price is $265.36.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly 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 net margin of 20.52% and a return on equity of 16.93%. The company had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. During the same quarter in the previous year, the firm posted $6.12 EPS. JPMorgan Chase & Co.'s revenue was down 10.5% on a year-over-year basis. On average, analysts forecast 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 several analyst reports. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Piper Sandler reiterated an "overweight" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 15th. HSBC restated a "reduce" rating and set a $259.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Phillip Securities lowered shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Finally, Evercore ISI set a $298.00 price target on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $288.68.

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.