Sawgrass Asset Management LLC lowered its stake in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 0.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 18,533 shares of the financial services provider’s stock after selling 165 shares during the period. Sawgrass Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,415,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of JPM. Moneta Group Investment Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 105,652.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after buying an additional 97,907,897 shares during the period. Morgan Stanley boosted its holdings in shares of JPMorgan Chase & Co. by 15.9% in the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after buying an additional 8,088,433 shares during the period. Geode Capital Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 51,248,625 shares of the financial services provider’s stock valued at $6,859,512,000 after buying an additional 1,082,325 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of JPMorgan Chase & Co. by 71.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,484,094 shares of the financial services provider’s stock valued at $4,087,917,000 after buying an additional 12,654,947 shares during the period. Finally, Norges Bank acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $3,894,646,000. Institutional investors own 70.10% of the company’s stock.
Insider Activity
In other news, General Counsel Stacey Friedman sold 4,310 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $157.16, for a total transaction of $677,359.60. Following the sale, the general counsel now owns 57,735 shares in the company, valued at $9,073,632.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, General Counsel Stacey Friedman sold 4,310 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $157.16, for a total transaction of $677,359.60. Following the sale, the general counsel now owns 57,735 shares in the company, valued at $9,073,632.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Peter Scher sold 2,482 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $141.39, for a total transaction of $350,929.98. Following the sale, the insider now owns 41,333 shares in the company, valued at approximately $5,844,072.87. The disclosure for this sale can be found here. Insiders have sold 13,593 shares of company stock worth $1,992,388 over the last 90 days. 0.79% of the stock is owned by company insiders.
Analysts Set New Price Targets
Read Our Latest Research Report on JPM
JPMorgan Chase & Co. Stock Up 0.3 %
NYSE JPM opened at $149.09 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.90 and a quick ratio of 0.90. The company’s 50 day simple moving average is $149.14 and its 200 day simple moving average is $140.84. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $159.38. The company has a market capitalization of $433.27 billion, a P/E ratio of 9.59, a PEG ratio of 1.94 and a beta of 1.10.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its earnings results on Friday, July 14th. The financial services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.75. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. The business had revenue of $42.40 billion for the quarter, compared to the consensus estimate of $38.66 billion. During the same period in the previous year, the firm earned $2.76 EPS. The business’s revenue for the quarter was up 34.1% on a year-over-year basis. Equities research analysts expect that JPMorgan Chase & Co. will post 15.51 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
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