Lionsbridge Wealth Management LLC Sells 1,113 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Lionsbridge Wealth Management LLC reduced its stake in JPMorgan Chase & Co. by 17.6%, selling 1,113 shares during the first quarter, leaving it with 5,225 shares valued at approximately $1.28 million.
• Other investors significantly increased their positions, with GAMMA Investing LLC growing its stake by a staggering 25,861.9% to own over 23.5 million shares worth nearly $5.78 billion.
• JPMorgan Chase reported quarterly earnings of $4.96 per share, surpassing analyst expectations, but the firm's revenue declined 10.5% year-over-year to $44.91 billion.

Lionsbridge Wealth Management LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 17.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,225 shares of the financial services provider's stock after selling 1,113 shares during the quarter. Lionsbridge Wealth Management LLC's holdings in JPMorgan Chase & Co. were worth $1,282,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in JPM. GAMMA Investing LLC grew its stake in shares of JPMorgan Chase & Co. by 25,861.9% in the first quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock worth $5,778,289,000 after acquiring an additional 23,465,278 shares during the period. Nuveen LLC purchased a new position in shares of JPMorgan Chase & Co. in the first quarter worth approximately $3,972,807,000. Northern Trust Corp boosted its holdings in shares of JPMorgan Chase & Co. by 15.4% in the fourth quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock worth $8,113,147,000 after buying an additional 4,515,147 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of JPMorgan Chase & Co. by 31.4% in 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 last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of JPMorgan Chase & Co. by 16.3% in the fourth 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 during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insider Activity at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the transaction, the chief operating officer owned 62,455 shares of the company's stock, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $291.0580 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. JPMorgan Chase & Co. has a 1-year low of $200.61 and a 1-year high of $301.29. The company has a market capitalization 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. The firm's 50 day simple moving average is $288.29 and its two-hundred day simple moving average is $264.27.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly 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. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same quarter in the previous year, the firm earned $6.12 earnings per share. The company's revenue for the quarter was down 10.5% on a year-over-year basis. Research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 15th. Phillip Securities downgraded shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. Morgan Stanley raised their price objective on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Truist Financial raised their price objective on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada set a $305.00 price objective on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, June 30th. One investment 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 given a Sell rating to the company's stock. According to data from MarketBeat, the stock 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.

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