Venture Visionary Partners LLC Has $56.93 Million Stock Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Venture Visionary Partners LLC has reduced its stake in JPMorgan Chase & Co. by 73%, leaving them with approximately $56.93 million in stock holdings, making it their 7th largest holding.
• JPMorgan's COO, Jennifer Piepszak, sold over 6,128 shares of the company for approximately $1.6 million, decreasing her ownership by nearly 9%.
• After reporting earnings per share of $4.96—beating estimates of $4.48—JPMorgan's revenue for the last quarter fell by 10.5% year-over-year.

Venture Visionary Partners LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 73.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 232,072 shares of the financial services provider's stock after selling 628,828 shares during the quarter. JPMorgan Chase & Co. makes up approximately 2.4% of Venture Visionary Partners LLC's portfolio, making the stock its 7th largest holding. Venture Visionary Partners LLC's holdings in JPMorgan Chase & Co. were worth $56,927,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in JPM. MJT & Associates Financial Advisory Group Inc. bought a new position in JPMorgan Chase & Co. during the first quarter valued at about $28,000. University of Illinois Foundation bought a new position in JPMorgan Chase & Co. during the first quarter valued at about $30,000. Curat Global LLC bought a new position in JPMorgan Chase & Co. during the first quarter valued at about $33,000. Measured Risk Portfolios Inc. bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at about $44,000. Finally, Minot DeBlois Advisors LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter worth about $54,000. Institutional investors own 71.55% of the company's stock.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 completion of the sale, the chief operating officer directly owned 62,455 shares in the company, valued at $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on JPM shares. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. HSBC reiterated a "reduce" rating and set a $259.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. Piper Sandler reiterated an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Finally, Truist Financial increased their target price on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research report on Wednesday, July 9th. One 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $288.68.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $292.1840 on Thursday. The firm has a 50 day moving average of $287.83 and a 200-day moving average of $264.10. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 12 month low of $200.61 and a 12 month high of $301.29. The firm has a market capitalization 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.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its 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. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same period in the previous year, the business posted $6.12 earnings per share. JPMorgan Chase & Co.'s revenue for the quarter was down 10.5% on a year-over-year basis. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Company 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.

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