JPMorgan Chase & Co. $JPM is Nations Financial Group Inc. IA ADV's 10th Largest Position

Key Points

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Nations Financial Group Inc. IA ADV decreased its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 7.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,720 shares of the financial services provider's stock after selling 4,941 shares during the quarter. JPMorgan Chase & Co. comprises about 1.1% of Nations Financial Group Inc. IA ADV's holdings, making the stock its 10th largest position. Nations Financial Group Inc. IA ADV's holdings in JPMorgan Chase & Co. were worth $14,404,000 at the end of the most recent reporting period.

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

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM traded down $1.1610 during trading on Tuesday, reaching $290.3690. 6,028,918 shares of the company traded hands, compared to its average volume of 9,882,434. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 52 week low of $200.61 and a 52 week high of $301.29. The firm has a market capitalization of $798.44 billion, a PE ratio of 14.90, a PEG ratio of 1.93 and a beta of 1.11. The company's 50 day moving average is $286.92 and its two-hundred day moving average is $263.72.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 16.93% and a net margin of 20.52%.The business's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.12 EPS. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insider Buying and Selling

In other JPMorgan Chase & Co. 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 value of $1,608,416.16. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.47% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

JPM has been the topic of several recent analyst reports. 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 report on Wednesday, July 9th. HSBC reiterated a "reduce" rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price on the stock. in a report on Friday, June 27th. Morgan Stanley raised their price target on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Finally, Hsbc Global Res cut JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. One 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and a consensus price target of $288.68.

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.