NS Partners Ltd trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 1.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,124 shares of the financial services provider’s stock after selling 3,231 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.5% of NS Partners Ltd’s portfolio, making the stock its 22nd largest position. NS Partners Ltd’s holdings in JPMorgan Chase & Co. were worth $26,208,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in JPM. Mercer Global Advisors Inc. ADV boosted its stake in shares of JPMorgan Chase & Co. by 11.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 336,522 shares of the financial services provider’s stock valued at $45,128,000 after purchasing an additional 34,068 shares during the last quarter. Crew Capital Management Ltd. boosted its stake in shares of JPMorgan Chase & Co. by 7.2% in the 1st quarter. Crew Capital Management Ltd. now owns 6,286 shares of the financial services provider’s stock valued at $819,000 after purchasing an additional 424 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of JPMorgan Chase & Co. by 46.4% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 43,526 shares of the financial services provider’s stock valued at $5,612,000 after purchasing an additional 13,792 shares during the last quarter. CHURCHILL MANAGEMENT Corp boosted its stake in shares of JPMorgan Chase & Co. by 3.4% in the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 29,711 shares of the financial services provider’s stock valued at $3,872,000 after purchasing an additional 984 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,723,422 shares of the financial services provider’s stock valued at $224,579,000 after purchasing an additional 26,285 shares during the last quarter. 70.10% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
JPM has been the topic of a number of analyst reports. Morgan Stanley upped their price objective on shares of JPMorgan Chase & Co. from $160.00 to $173.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $174.00 to $180.00 in a research note on Monday, July 17th. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday. They set a “hold” rating on the stock. Credit Suisse Group increased their target price on shares of JPMorgan Chase & Co. from $160.00 to $170.00 in a research note on Monday, July 17th. Finally, Barclays increased their target price on shares of JPMorgan Chase & Co. from $179.00 to $182.00 in a research note on Sunday, July 16th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $165.89.
JPMorgan Chase & Co. Stock Performance
Shares of JPM stock opened at $148.97 on Friday. The firm has a 50-day moving average of $149.14 and a 200-day moving average of $140.85. The company has a market cap of $432.92 billion, a P/E ratio of 9.59, a P/E/G ratio of 1.91 and a beta of 1.10. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.90 and a quick ratio of 0.90. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $159.38.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its earnings results on Friday, July 14th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $3.62 by $0.75. The company had revenue of $42.40 billion during the quarter, compared to the consensus estimate of $38.66 billion. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. The firm’s revenue for the quarter was up 34.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.76 earnings per share. Equities research analysts forecast that JPMorgan Chase & Co. will post 15.57 EPS for the current fiscal year.
Insider Activity
In other news, CEO Jennifer Piepszak sold 1,871 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $140.70, for a total value of $263,249.70. Following the completion of the sale, the chief executive officer now owns 22,926 shares in the company, valued at $3,225,688.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Douglas B. Petno sold 4,930 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $142.16, for a total transaction of $700,848.80. Following the completion of the transaction, the chief executive officer now owns 277,161 shares in the company, valued at $39,401,207.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jennifer Piepszak sold 1,871 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $140.70, for a total transaction of $263,249.70. Following the transaction, the chief executive officer now owns 22,926 shares of the company’s stock, valued at approximately $3,225,688.20. The disclosure for this sale can be found here. Insiders sold a total of 13,593 shares of company stock worth $1,992,388 over the last quarter. Insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Company 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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