Plato Investment Management Ltd Has $14.17 Million Stake in JPMorgan Chase & Co. $JPM

Key Points

• Plato Investment Management Ltd reduced its stake in JPMorgan Chase & Co. by 2.5%, holding 57,163 shares valued at approximately $14.17 million.
• JPMorgan Chase reported a quarterly earnings per share (EPS) of $4.96, surpassing analysts' expectations of $4.48, although revenue was down 10.5% year-over-year.
• Research reports show a generally positive outlook with Wells Fargo raising its price target for JPMorgan to $325.00, while the stock maintains a consensus rating of "Moderate Buy."

Plato Investment Management Ltd trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,163 shares of the financial services provider's stock after selling 1,444 shares during the period. JPMorgan Chase & Co. makes up about 1.2% of Plato Investment Management Ltd's portfolio, making the stock its 10th biggest position. Plato Investment Management Ltd's holdings in JPMorgan Chase & Co. were worth $14,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

JPMorgan Chase & Co. Trading Up 1.6%

JPM opened at $297.70 on Wednesday. JPMorgan Chase & Co. has a one year low of $200.61 and a one year high of $305.15. The stock has a market capitalization of $818.60 billion, a PE ratio of 15.27, a P/E/G ratio of 1.95 and a beta of 1.13. The business's 50 day moving average price is $293.36 and its 200 day moving average price is $266.44. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 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 firm had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. During the same period in the prior year, the firm posted $6.12 earnings per share. The firm's quarterly revenue was down 10.5% on a year-over-year basis. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is owned by company insiders.

Analysts Set New Price Targets

JPM has been the subject of a number of research reports. Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. TD Cowen began coverage on JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a "buy" rating and a $305.00 price objective for the company. Morgan Stanley boosted their price objective on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Finally, Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. One 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $291.67.

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.

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