Sand Hill Global Advisors LLC Lowers Stock Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Sand Hill Global Advisors LLC reduced its stake in JPMorgan Chase & Co. by 1.8%, ultimately holding 84,110 shares valued at approximately $20.6 million, making it the firm's 20th largest position.
• A diverse group of hedge funds have adjusted their positions in JPMorgan, with some significantly increasing their holdings, including an astonishing 1,070.1% increase by Aviso Financial Inc.
• JPMorgan Chase & Co. recently reported quarterly earnings of $4.96 per share, surpassing expectations and reflected a 10.5% decrease in revenue compared to the previous year.

Sand Hill Global Advisors LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,110 shares of the financial services provider's stock after selling 1,566 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.8% of Sand Hill Global Advisors LLC's portfolio, making the stock its 20th largest position. Sand Hill Global Advisors LLC's holdings in JPMorgan Chase & Co. were worth $20,632,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC grew its stake in shares of JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after acquiring an additional 4,841 shares in the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of JPMorgan Chase & Co. by 0.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock worth $46,068,000 after acquiring an additional 1,229 shares in the last quarter. Highview Capital Management LLC DE grew its stake in shares of JPMorgan Chase & Co. by 16.1% in the 4th quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock worth $3,266,000 after acquiring an additional 1,893 shares in the last quarter. KKM Financial LLC grew its stake in shares of JPMorgan Chase & Co. by 3.9% in the 4th quarter. KKM Financial LLC now owns 16,854 shares of the financial services provider's stock worth $4,040,000 after acquiring an additional 640 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of JPMorgan Chase & Co. by 7.9% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 26,134 shares of the financial services provider's stock worth $6,265,000 after acquiring an additional 1,923 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the sale, the chief operating officer directly owned 62,455 shares of the company's stock, valued at $16,392,563.85. This represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Truist Financial increased their price target on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a research report on Wednesday, July 9th. Hsbc Global Res lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $288.68.

JPMorgan Chase & Co. Stock Performance

NYSE JPM traded down $1.1820 during trading on Thursday, hitting $291.0580. 6,622,726 shares of the company's stock traded hands, compared to its average volume of 7,551,326. The stock has a market capitalization of $800.34 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.94 and a beta of 1.11. JPMorgan Chase & Co. has a 12-month low of $200.61 and a 12-month high of $301.29. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The business has a 50 day moving average of $288.29 and a 200-day moving average of $264.27.

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 the consensus estimate of $4.48 by $0.48. The business had revenue of $44.91 billion for 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 company's revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.12 earnings per share. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

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.