NFJ Investment Group LLC Sells 3,961 Shares of JPMorgan Chase & Co. $JPM

Key Points

• NFJ Investment Group LLC reduced its stake in JPMorgan Chase & Co. by 2.8%, selling 3,961 shares and owning 136,981 shares valued at $33.6 million.
• Institutional investors currently hold 71.55% of JPMorgan Chase & Co.'s stock, with multiple firms increasing their positions in the first quarter.
• Analysts have issued varied ratings on JPMorgan Chase & Co., leading to a consensus target price of $291.67 amid mixed sentiment.

NFJ Investment Group LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,981 shares of the financial services provider's stock after selling 3,961 shares during the period. JPMorgan Chase & Co. comprises approximately 1.1% of NFJ Investment Group LLC's holdings, making the stock its 26th largest holding. NFJ Investment Group LLC's holdings in JPMorgan Chase & Co. were worth $33,601,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of JPMorgan Chase & Co. by 25,861.9% during 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 purchasing an additional 23,465,278 shares during the period. Nuveen LLC bought a new position in JPMorgan Chase & Co. in the first quarter valued at approximately $3,972,807,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in 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 valued at $4,207,028,000 after purchasing an additional 2,465,572 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $454,042,000. Finally, National Bank of Canada FI boosted its stake in shares of JPMorgan Chase & Co. by 44.4% during the 1st quarter. National Bank of Canada FI now owns 4,518,740 shares of the financial services provider's stock worth $1,108,415,000 after acquiring an additional 1,388,992 shares during the period. Institutional investors own 71.55% of the company's stock.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the sale, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock traded down $1.37 during trading hours on Monday, reaching $293.01. The company had a trading volume of 7,894,881 shares, compared to its average volume of 9,669,399. The firm has a market cap of $805.70 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.13. JPMorgan Chase & Co. has a one year low of $200.61 and a one year high of $305.15. The business has a fifty day simple moving average of $293.16 and a 200 day simple moving average of $266.02. 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. (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 (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same quarter in the previous year, the company posted $6.12 earnings per share. The company's revenue was down 10.5% compared to the same quarter last year. On average, analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on JPM shares. Evercore ISI set a $298.00 target price on JPMorgan Chase & Co. and gave the company an "outperform" rating in a research report on Monday, July 7th. Citigroup set a $275.00 target price on JPMorgan Chase & Co. and gave the company a "buy" rating in a research report on Monday, July 7th. Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. Hsbc Global Res cut JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Finally, Royal Bank Of Canada set a $305.00 target price on JPMorgan Chase & Co. and gave the company an "outperform" rating in a research report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $291.67.

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.