Samlyn Capital LLC Buys New Stake in JPMorgan Chase & Co. $JPM

Key Points

• Samlyn Capital LLC has invested approximately $266.21 million in JPMorgan Chase & Co., acquiring over 1 million shares, making it the firm's 4th largest holding.
• Other significant investors, including the Bank of New York Mellon Corp and GAMMA Investing LLC, have also increased their stakes in JPMorgan, indicating strong institutional interest.
• JPMorgan Chase reported $4.96 earnings per share for the last quarter, exceeding analysts' estimates, while its revenue for the quarter decreased by 10.5% year-over-year.

Samlyn Capital LLC bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,085,244 shares of the financial services provider's stock, valued at approximately $266,210,000. JPMorgan Chase & Co. makes up approximately 3.9% of Samlyn Capital LLC's portfolio, making the stock its 4th biggest position.

Several other hedge funds have also modified their holdings of JPM. GAMMA Investing LLC boosted its stake in shares of JPMorgan Chase & Co. by 25,861.9% during the 1st quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock worth $5,778,289,000 after acquiring an additional 23,465,278 shares in the last quarter. Nuveen LLC acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth about $3,972,807,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of JPMorgan Chase & Co. by 16.3% during the 4th 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 worth $4,207,028,000 after purchasing an additional 2,465,572 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $454,042,000. Finally, National Bank of Canada FI raised its position 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 purchasing an additional 1,388,992 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 approximately $24,492,753.58. This trade represents a 10.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

JPM traded down $9.04 during trading on Friday, reaching $294.79. The company's stock had a trading volume of 9,831,520 shares, compared to its average volume of 6,597,590. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a fifty day simple moving average of $293.16 and a two-hundred day simple moving average of $266.02. JPMorgan Chase & Co. has a 1 year low of $200.61 and a 1 year high of $305.15. The company has a market cap of $810.59 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.96 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced 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. The business had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business's revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $6.12 EPS. As a group, analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on JPM shares. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target for the company. in a research report on Friday, June 27th. TD Cowen started coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a "buy" rating and a $305.00 price target for the company. Finally, Bank of America upped their price target on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus 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.