Voleon Capital Management LP Has $12.29 Million Stake in JPMorgan Chase & Co. $JPM

Key Points

• Voleon Capital Management LP has reduced its stake in JPMorgan Chase & Co. by 33.3%, now holding 50,109 shares worth approximately $12.29 million, which is 1.0% of its total holdings.
• In contrast, GAMMA Investing LLC significantly increased its position in JPMorgan by 25,861.9%, acquiring over 23 million shares, making it a notable investor in the company.
• JPMorgan's recent earnings report showcased a 4.96 EPS, exceeding analyst predictions and highlighting a revenue decline of 10.5% year-over-year.

Voleon Capital Management LP lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 33.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,109 shares of the financial services provider's stock after selling 24,978 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.0% of Voleon Capital Management LP's holdings, making the stock its 18th biggest holding. Voleon Capital Management LP's holdings in JPMorgan Chase & Co. were worth $12,292,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of JPM. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $28,000. University of Illinois Foundation bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $30,000. Curat Global LLC bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $33,000. Measured Risk Portfolios Inc. bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $44,000. Finally, Minot DeBlois Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $54,000. Institutional investors own 71.55% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on JPM shares. Hsbc Global Res lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. Zacks Research lowered shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Monday. TD Cowen started coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a "buy" rating and a $305.00 price objective on the stock. Finally, HSBC reissued a "reduce" rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $291.67.

Insiders Place Their Bets

In related 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 transaction, the director directly owned 82,207 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Up 1.0%

JPM stock traded up $2.86 during mid-day trading on Wednesday, hitting $300.71. 7,774,729 shares of the company were exchanged, compared to its average volume of 9,648,093. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $826.89 billion, a P/E ratio of 15.43, a P/E/G ratio of 1.95 and a beta of 1.13. The firm's 50 day simple moving average is $293.36 and its 200 day simple moving average is $266.44. JPMorgan Chase & Co. has a 1-year low of $201.83 and a 1-year high of $305.15.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $43.76 billion. During the same period last year, the company earned $6.12 earnings per share. The firm's revenue was down 10.5% compared to the same quarter last year. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

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.