Zurich Insurance Group Ltd FI Has $160.27 Million Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Zurich Insurance Group Ltd FI increased its holdings in JPMorgan Chase & Co. by 41.6% in Q1, owning 653,367 shares valued at $160.27 million.
• Institutional investors and hedge funds own approximately 71.55% of JPMorgan's stock, reflecting strong institutional interest.
• JPMorgan Chase & Co. reported earnings of $4.96 per share in its latest quarterly results, exceeding analysts' expectations of $4.48.

Zurich Insurance Group Ltd FI boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 41.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 653,367 shares of the financial services provider's stock after purchasing an additional 191,833 shares during the quarter. JPMorgan Chase & Co. comprises about 1.3% of Zurich Insurance Group Ltd FI's portfolio, making the stock its 14th biggest holding. Zurich Insurance Group Ltd FI's holdings in JPMorgan Chase & Co. were worth $160,271,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in JPM. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth $28,000. University of Illinois Foundation bought a new position in JPMorgan Chase & Co. in the 1st quarter valued at approximately $30,000. Curat Global LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at $33,000. Measured Risk Portfolios Inc. bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $44,000. Finally, Minot DeBlois Advisors LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $54,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Buying and Selling

In other news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

JPM has been the subject of several recent research reports. Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Baird R W downgraded JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. Bank of America increased their price target on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Finally, TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $291.67.

JPMorgan Chase & Co. Stock Down 0.5%

Shares of NYSE:JPM opened at $293.01 on Tuesday. The business's 50 day moving average is $293.21 and its 200 day moving average is $266.22. The stock has a market cap of $805.70 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 1.96 and a beta of 1.13. The company has a quick ratio of 0.88, a current 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 $305.15.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. The company had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The firm's revenue was down 10.5% on a year-over-year basis. During the same period last year, the firm earned $6.12 earnings per share. On average, sell-side analysts forecast 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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