SRN Advisors LLC Sells 1,783 Shares of JPMorgan Chase & Co. $JPM

SRN Advisors LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 31.8% during the first quarter, HoldingsChannel reports. The fund owned 3,830 shares of the financial services provider’s stock after selling 1,783 shares during the quarter. JPMorgan Chase & Co. comprises about 1.0% of SRN Advisors LLC’s investment portfolio, making the stock its 29th biggest holding. SRN Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC increased its holdings in shares of JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after purchasing an additional 4,841 shares during the period. Bank Pictet & Cie Europe AG increased its stake in JPMorgan Chase & Co. by 0.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider’s stock valued at $46,068,000 after acquiring an additional 1,229 shares during the last quarter. Highview Capital Management LLC DE increased its stake in JPMorgan Chase & Co. by 16.1% in the fourth quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider’s stock valued at $3,266,000 after acquiring an additional 1,893 shares during the last quarter. KKM Financial LLC boosted its position in JPMorgan Chase & Co. by 3.9% during the fourth quarter. KKM Financial LLC now owns 16,854 shares of the financial services provider’s stock valued at $4,040,000 after buying an additional 640 shares during the period. Finally, Pennington Partners & CO. LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $1,096,000. Institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the subject of several analyst reports. TD Cowen initiated coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a “buy” rating and a $305.00 price target for the company. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Friday, June 27th. Citigroup set a $275.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Monday, July 7th. Piper Sandler reiterated an “overweight” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 15th. Finally, Bank of America increased their target price on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $288.68.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $301.46 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $200.61 and a fifty-two week high of $302.95. The company has a 50 day simple moving average of $291.59 and a two-hundred day simple moving average of $265.33. The company has a market capitalization of $828.94 billion, a price-to-earnings ratio of 15.47, a P/E/G ratio of 2.00 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last announced its 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. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same quarter last year, the firm earned $6.12 earnings per share. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the completion of the transaction, the chief operating officer owned 62,455 shares of the company’s stock, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. 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.