JPMorgan Chase & Co. $JPM is MSH Capital Advisors LLC's 9th Largest Position

Key Points

• MSH Capital Advisors LLC reduced its stake in JPMorgan Chase & Co. by 12.1%, selling 3,678 shares and now holding 26,627 shares valued at approximately $6.53 million.
• Institutional investors own 71.55% of JPMorgan Chase & Co.'s stock, with notable increases in holdings from firms like Northern Trust Corp and GAMMA Investing LLC.
• JPMorgan Chase & Co.'s recent quarterly earnings reported an EPS of $4.96, exceeding analyst expectations, though revenue fell by 10.5% year-over-year.

MSH Capital Advisors LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 12.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,627 shares of the financial services provider's stock after selling 3,678 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.0% of MSH Capital Advisors LLC's portfolio, making the stock its 9th biggest holding. MSH Capital Advisors LLC's holdings in JPMorgan Chase & Co. were worth $6,532,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. bought a new position in JPMorgan Chase & Co. in the first quarter valued at $28,000. University of Illinois Foundation purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth about $30,000. Curat Global LLC bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $33,000. Measured Risk Portfolios Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $44,000. Finally, Minot DeBlois Advisors LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on JPM. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Truist Financial lifted their target price on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Finally, Piper Sandler reiterated an "overweight" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 15th. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $288.68.

JPMorgan Chase & Co. Trading Down 0.5%

Shares of NYSE:JPM traded down $1.42 during midday trading on Tuesday, hitting $290.11. 3,341,854 shares of the stock traded hands, compared to its average volume of 9,863,949. 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 business's 50 day moving average is $286.92 and its two-hundred day moving average is $263.72. The stock has a market capitalization of $797.73 billion, a PE ratio of 14.89, a P/E/G ratio of 1.93 and a beta of 1.11. JPMorgan Chase & Co. has a one year low of $200.61 and a one year high of $301.29.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating 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 in the previous year, the business earned $6.12 EPS. JPMorgan Chase & Co.'s revenue was down 10.5% compared to the same quarter last year. As a group, research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. 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 sale, the chief operating officer owned 62,455 shares in the company, valued at $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is owned by insiders.

JPMorgan Chase & Co. 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.