Semmax Financial Advisors Inc. Grows Position in JPMorgan Chase & Co. $JPM

Key Points

• Semmax Financial Advisors Inc. increased its stake in JPMorgan Chase & Co. by 3.0%, owning 36,507 shares valued at approximately $9.24 million, making it the second largest holding in their portfolio.
• Other institutional investors, including GAMMA Investing LLC and National Bank of Canada FI, have significantly increased their stakes in JPMorgan, demonstrating a strong interest in the company from major players in the financial sector.
• Analysts have a moderate buy rating on JPMorgan Chase with an average price target of $291.67, while its recent quarterly earnings beat expectations despite a year-over-year revenue decline.

Semmax Financial Advisors Inc. boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,507 shares of the financial services provider's stock after purchasing an additional 1,057 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.5% of Semmax Financial Advisors Inc.'s portfolio, making the stock its 2nd largest holding. Semmax Financial Advisors Inc.'s holdings in JPMorgan Chase & Co. were worth $9,239,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in JPMorgan Chase & Co. by 25,861.9% during the first quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock worth $5,778,289,000 after buying an additional 23,465,278 shares in the last quarter. Nuveen LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $3,972,807,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of JPMorgan Chase & Co. by 16.3% in 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 valued at $4,207,028,000 after purchasing an additional 2,465,572 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $454,042,000. Finally, National Bank of Canada FI raised its holdings in JPMorgan Chase & Co. by 44.4% in the 1st quarter. National Bank of Canada FI now owns 4,518,740 shares of the financial services provider's stock valued at $1,108,415,000 after buying an additional 1,388,992 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction dated 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 completion of the transaction, the director owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Down 0.5%

Shares of JPMorgan Chase & Co. stock opened at $293.01 on Tuesday. The stock's 50-day simple moving average is $293.21 and its 200 day simple moving average is $266.22. JPMorgan Chase & Co. has a 52-week low of $200.61 and a 52-week high of $305.15. The stock has a market capitalization of $805.70 billion, a P/E ratio of 15.03, a P/E/G ratio of 1.96 and a beta of 1.13. 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 announced its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating the consensus estimate 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 business posted $6.12 earnings per share. The company's revenue was down 10.5% on a year-over-year basis. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on JPM. Hsbc Global Res lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Morgan Stanley raised their price objective on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Finally, Wall Street Zen raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. 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 assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.

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