Montchanin Asset Management LLC Has $3.48 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Aug 21st, 2023

Montchanin Asset Management LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,667 shares of the financial services provider’s stock after selling 1,264 shares during the period. JPMorgan Chase & Co. comprises about 4.4% of Montchanin Asset Management LLC’s portfolio, making the stock its 7th biggest position. Montchanin Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $3,475,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Baron Wealth Management LLC grew its holdings in JPMorgan Chase & Co. by 6.8% during the 1st quarter. Baron Wealth Management LLC now owns 4,476 shares of the financial services provider’s stock worth $583,000 after acquiring an additional 285 shares during the last quarter. Credit Suisse AG lifted its holdings in shares of JPMorgan Chase & Co. by 2.8% during the first quarter. Credit Suisse AG now owns 6,132,654 shares of the financial services provider’s stock worth $799,146,000 after purchasing an additional 165,555 shares during the period. Staley Capital Advisers Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 0.6% during the first quarter. Staley Capital Advisers Inc. now owns 490,930 shares of the financial services provider’s stock worth $63,973,000 after purchasing an additional 2,908 shares during the period. Bessemer Group Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.4% in the first quarter. Bessemer Group Inc. now owns 6,070,900 shares of the financial services provider’s stock worth $791,100,000 after purchasing an additional 85,904 shares during the last quarter. Finally, Exos TFP Holdings LLC increased its holdings in JPMorgan Chase & Co. by 109.6% in the first quarter. Exos TFP Holdings LLC now owns 14,332 shares of the financial services provider’s stock valued at $1,868,000 after purchasing an additional 7,494 shares during the period. Institutional investors and hedge funds own 70.10% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,871 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 22,926 shares in the company, valued at $3,225,688.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,871 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 directly owns 22,926 shares of the company’s stock, valued at $3,225,688.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 4,310 shares of the company’s stock in a transaction 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 completion of the sale, the general counsel now directly owns 57,735 shares of the company’s stock, valued at approximately $9,073,632.60. The disclosure for this sale can be found here. Insiders have sold 13,593 shares of company stock valued at $1,992,388 in the last quarter. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $174.00 to $180.00 in a research report on Monday, July 17th. Atlantic Securities raised their price target on shares of JPMorgan Chase & Co. from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Tuesday, August 1st. Odeon Capital Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Monday, May 1st. Citigroup cut shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 price target for the company. in a report on Wednesday, July 12th. Finally, Morgan Stanley boosted their target price on JPMorgan Chase & Co. from $160.00 to $173.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.89.

View Our Latest Stock Report on JPM

JPMorgan Chase & Co. Trading Up 0.2 %

NYSE:JPM opened at $148.97 on Monday. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $159.38. The stock’s fifty day moving average price is $149.14 and its two-hundred day moving average price is $140.86. 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 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.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings data on Friday, July 14th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.75. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The company had revenue of $42.40 billion during the quarter, compared to analyst estimates of $38.66 billion. During the same quarter last year, the company earned $2.76 earnings per share. The firm’s quarterly revenue was up 34.1% on a year-over-year basis. As a group, analysts expect that JPMorgan Chase & Co. will post 15.57 EPS for the current year.

JPMorgan Chase & Co. Company Profile

(Free Report)

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.