JPMorgan Chase & Co. $JPM Shares Sold by Promethium Advisors LLC

Key Points

• Promethium Advisors LLC has sold 1,151 shares of JPMorgan Chase & Co., reducing its holdings by 13.1% to 7,614 shares, valued at approximately $1.87 million.
• Analysts have mixed ratings for JPMorgan Chase & Co., with a consensus rating of "Moderate Buy" and an average target price of $288.68.
• Despite a recent earnings report showing a decline in revenue, JPMorgan Chase & Co. reported $4.96 earnings per share, exceeding consensus estimates by $0.48.

Promethium Advisors LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,614 shares of the financial services provider's stock after selling 1,151 shares during the period. Promethium Advisors LLC's holdings in JPMorgan Chase & Co. were worth $1,868,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Paragon Private Wealth Management LLC raised its stake in shares of JPMorgan Chase & Co. by 49.0% in the first quarter. Paragon Private Wealth Management LLC now owns 6,246 shares of the financial services provider's stock valued at $1,532,000 after acquiring an additional 2,055 shares in the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. increased its holdings in JPMorgan Chase & Co. by 3.8% in the first quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 2,712 shares of the financial services provider's stock valued at $665,000 after buying an additional 100 shares during the last quarter. EP Wealth Advisors LLC increased its holdings in JPMorgan Chase & Co. by 2.9% in the first quarter. EP Wealth Advisors LLC now owns 704,605 shares of the financial services provider's stock valued at $172,840,000 after buying an additional 19,671 shares during the last quarter. First Manhattan CO. LLC. increased its holdings in JPMorgan Chase & Co. by 31.4% in the first quarter. First Manhattan CO. LLC. now owns 302,296 shares of the financial services provider's stock valued at $74,153,000 after buying an additional 72,265 shares during the last quarter. Finally, GW Henssler & Associates Ltd. purchased a new position in JPMorgan Chase & Co. in the first quarter valued at $10,108,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM traded down $9.04 during midday trading on Friday, reaching $294.79. 9,831,520 shares of the company were exchanged, compared to its average volume of 6,437,430. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 1 year low of $200.61 and a 1 year high of $305.15. The stock has a fifty day simple moving average of $293.16 and a 200 day simple moving average of $266.12. The stock has a market cap of $810.59 billion, a P/E ratio of 15.12, a PEG ratio of 2.02 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly 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. 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 analyst estimates of $43.76 billion. During the same quarter last year, the company posted $6.12 earnings per share. The business's revenue was down 10.5% on a year-over-year basis. On average, research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on JPM shares. Evercore ISI set a $298.00 target price on JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, July 7th. Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. Robert W. Baird lowered 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. Royal Bank Of Canada set a $305.00 target price on JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, June 30th. Finally, TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. One 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 issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $291.67.

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the sale, the director owned 82,207 shares in the company, valued at $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is currently 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.