Triglav Skladi D.O.O. Has $45.64 Million Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Triglav Skladi D.O.O. has reduced its holdings in JPMorgan Chase & Co. by 1.1%, now owning 186,063 shares valued at approximately $45.64 million.
• In contrast, GAMMA Investing LLC dramatically increased its position by 25,861.9%, resulting in ownership of over 23.5 million shares worth around $5.78 billion.
• JPMorgan Chase & Co. reported a Q2 EPS of $4.96, exceeding expectations, although its revenue reflected a decline of 10.5% year-over-year.

Triglav Skladi D.O.O. lowered its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 186,063 shares of the financial services provider's stock after selling 2,109 shares during the period. JPMorgan Chase & Co. accounts for approximately 3.8% of Triglav Skladi D.O.O.'s portfolio, making the stock its 6th largest position. Triglav Skladi D.O.O.'s holdings in JPMorgan Chase & Co. were worth $45,640,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC grew its position in JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after buying an additional 4,841 shares during the period. Bank Pictet & Cie Europe AG increased its position in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock worth $46,068,000 after purchasing an additional 1,229 shares during the last quarter. Highview Capital Management LLC DE grew its position in JPMorgan Chase & Co. by 16.1% during the fourth quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock valued at $3,266,000 after acquiring an additional 1,893 shares during the last quarter. KKM Financial LLC grew its position in JPMorgan Chase & Co. by 3.9% during the fourth quarter. KKM Financial LLC now owns 16,854 shares of the financial services provider's stock valued at $4,040,000 after acquiring an additional 640 shares during the last quarter. Finally, First Trust Advisors LP grew its position in JPMorgan Chase & Co. by 6.2% during the fourth quarter. First Trust Advisors LP now owns 1,788,544 shares of the financial services provider's stock valued at $428,732,000 after acquiring an additional 104,355 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on JPM shares. Evercore ISI set a $298.00 target price on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, July 7th. Truist Financial raised their price objective on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a research report on Wednesday, July 9th. Keefe, Bruyette & Woods raised their price objective on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Citigroup set a $275.00 price objective on shares of JPMorgan Chase & Co. and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $288.68.

Insider Buying and Selling

In related news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the sale, the chief operating officer directly owned 62,455 shares in the company, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their position. The transaction was disclosed in a filing 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. Stock Performance

NYSE JPM traded up $1.5240 during trading hours on Wednesday, hitting $292.1840. The company's stock had a trading volume of 7,372,310 shares, compared to its average volume of 7,536,788. JPMorgan Chase & Co. has a 12 month low of $200.61 and a 12 month high of $301.29. The company's 50 day simple moving average is $287.83 and its two-hundred day simple moving average is $264.10. The company has a market cap of $803.43 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 1.93 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88.

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, topping 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 company had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same period last year, the company 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, sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 EPS 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.