Pensionfund Sabic Sells 3,600 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Pensionfund Sabic has reduced its holdings in JPMorgan Chase & Co. by 13.6%, selling 3,600 shares and now owning 22,900 shares, which constitute approximately 1.7% of its investment portfolio.
• Director Linda Bammann sold 9,500 shares of JPMorgan, decreasing her position by 10.36% and bringing her ownership to 82,207 shares, valued at around $24.49 million.
• JPMorgan recently reported earnings of $4.96 per share, exceeding expectations, despite a 10.5% year-over-year revenue decline.

Pensionfund Sabic trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 13.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,900 shares of the financial services provider's stock after selling 3,600 shares during the period. JPMorgan Chase & Co. accounts for about 1.7% of Pensionfund Sabic's investment portfolio, making the stock its 5th largest position. Pensionfund Sabic's holdings in JPMorgan Chase & Co. were worth $5,617,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $28,000. University of Illinois Foundation acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $30,000. Curat Global LLC acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $33,000. Capital A Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $64,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $72,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the stock in a transaction dated 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 transaction, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. This represents a 10.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Trading Up 0.4%

Shares of JPM stock opened at $306.88 on Friday. The firm has a market cap of $843.84 billion, a P/E ratio of 15.75, a PEG ratio of 2.03 and a beta of 1.13. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $307.55. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The firm's 50-day simple moving average is $293.94 and its 200-day simple moving average is $267.32.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping the consensus estimate of $4.48 by $0.48. The business had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company's revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $6.12 EPS. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on JPM shares. Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. HSBC restated a "reduce" rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Evercore ISI set a $298.00 target price on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, July 7th. Finally, Hsbc Global Res lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and an average target price 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.

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