Sculptor Capital LP Increases Stock Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Sculptor Capital LP boosted its holdings in JPMorgan Chase & Co. by 31.7%, resulting in ownership of 228,300 shares valued at approximately $56 million.
• Other major investors, including GAMMA Investing LLC and Nuveen LLC, significantly increased their stakes, indicating strong institutional interest in JPMorgan Chase & Co.
• JPMorgan Chase recently reported an earnings per share of $4.96 for the last quarter, exceeding expectations, but noted a 10.5% decline in revenue compared to the previous year.

Sculptor Capital LP boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 31.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 228,300 shares of the financial services provider's stock after buying an additional 55,000 shares during the period. JPMorgan Chase & Co. makes up 1.1% of Sculptor Capital LP's investment portfolio, making the stock its 28th biggest holding. Sculptor Capital LP's holdings in JPMorgan Chase & Co. were worth $56,002,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Centric Wealth Management boosted its stake in JPMorgan Chase & Co. by 12.8% during the first quarter. Centric Wealth Management now owns 14,793 shares of the financial services provider's stock worth $3,629,000 after acquiring an additional 1,680 shares in the last quarter. Connecticut Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 3.2% in the first quarter. Connecticut Wealth Management LLC now owns 23,719 shares of the financial services provider's stock worth $5,818,000 after buying an additional 742 shares in the last quarter. Benchmark Investment Advisors LLC lifted its position in JPMorgan Chase & Co. by 34.8% during the first quarter. Benchmark Investment Advisors LLC now owns 9,804 shares of the financial services provider's stock valued at $2,405,000 after purchasing an additional 2,529 shares during the period. Baird Financial Group Inc. lifted its position in JPMorgan Chase & Co. by 2.3% during the first quarter. Baird Financial Group Inc. now owns 6,106,370 shares of the financial services provider's stock valued at $1,497,893,000 after purchasing an additional 139,669 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. lifted its position in JPMorgan Chase & Co. by 9.1% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 16,328 shares of the financial services provider's stock valued at $4,005,000 after purchasing an additional 1,364 shares during the period. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Trading Down 0.7%

JPM stock traded down $2.05 during trading on Tuesday, hitting $299.37. The company had a trading volume of 7,059,169 shares, compared to its average volume of 9,716,733. 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 market capitalization of $823.19 billion, a P/E ratio of 15.36, a PEG ratio of 2.00 and a beta of 1.13. The company has a 50 day simple moving average of $292.05 and a 200-day simple moving average of $265.36. JPMorgan Chase & Co. has a 52-week low of $200.61 and a 52-week high of $302.95.

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

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of the business'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 transaction, the chief operating officer owned 62,455 shares of the company's stock, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on JPM shares. Bank of America upped their target price on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price objective for the company. in a research note on Friday, June 27th. Phillip Securities cut shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 16th. HSBC reissued a "reduce" rating and issued a $259.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Finally, Royal Bank Of Canada set a $305.00 price objective on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research note on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and a consensus price target of $288.68.

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.