Teza Capital Management LLC Takes $4.53 Million Position in JPMorgan Chase & Co. $JPM

Key Points

• Teza Capital Management LLC acquired a new stake in JPMorgan Chase & Co. worth approximately $4.53 million, making it the largest holding in their portfolio.
• JPMorgan Chase reported $4.96 earnings per share for the latest quarter, exceeding the consensus estimate of $4.48, although the revenue decreased 10.5% year-over-year.
• Institutional investors currently own 71.55% of JPMorgan Chase & Co.'s stock, indicating strong institutional interest in the company.

Teza Capital Management LLC purchased a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 18,481 shares of the financial services provider's stock, valued at approximately $4,533,000. JPMorgan Chase & Co. comprises approximately 2.1% of Teza Capital Management LLC's holdings, making the stock its largest holding.

Other hedge funds also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $28,000. University of Illinois Foundation acquired a new stake in JPMorgan Chase & Co. in the first quarter worth approximately $30,000. Curat Global LLC acquired a new stake in JPMorgan Chase & Co. in the first quarter worth approximately $33,000. Measured Risk Portfolios Inc. acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth approximately $44,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth approximately $54,000. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $294.79 on Friday. The stock has a market capitalization of $810.59 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.96 and a beta of 1.13. JPMorgan Chase & Co. has a 1 year low of $200.61 and a 1 year high of $305.15. The business's fifty day moving average is $293.16 and its two-hundred day moving average is $266.02. 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 posted its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.48 by $0.48. The company had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm's revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.12 earnings per share. On average, research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the sale, the director directly owned 82,207 shares of the company's stock, valued at $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Morgan Stanley upped their target price on 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. Bank of America upped their target price on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Truist Financial upped their target price on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Finally, Baird R W downgraded JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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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