AGF Investments LLC increased its holdings in JPMorgan Chase & Co. (NYSE: JPM – Get Rating) by 108.0% during the first quarter, according to the company in its latest filing with the Securities and Exchange Commission. The fund held 3,999 shares of the financial services provider after acquiring an additional 2,076 shares during the period. AGF Investments LLC’s holdings in JPMorgan Chase & Co. were worth $545,000 when it last filed with the Securities and Exchange Commission.
A number of other large investors have also recently increased or reduced their stake in JPM. Norges Bank acquired a new equity stake in JPMorgan Chase & Co. during Q4 for a value of approximately $4,092,843,000. GQG Partners LLC increased its equity stake in JPMorgan Chase & Co. by 403.3% during the 4th quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider worth $806,728,000 after purchasing an additional 4,083,231 shares in the last quarter. Renaissance Technologies LLC increased its equity stake in JPMorgan Chase & Co. by 1,543.7% during the 4th quarter. Renaissance Technologies LLC now owns 3,341,486 shares of the financial services provider worth $529,124,000 after purchasing an additional 3,138,200 shares in the last quarter. State Street Corp increased its stake in JPMorgan Chase & Co. shares by 1.6% during the 4th quarter. State Street Corp now owns 141,720,090 shares of the financial services provider worth $22,441,376,000 after buying an additional 2,277,065 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in JPMorgan Chase & Co. shares by 21.4% during the 4th quarter. Schroder Investment Management Group now owns 5,393,466 shares of the financial services provider worth $854,055,000 after buying an additional 952,346 shares in the last quarter. 70.35% of the shares are held by institutional investors and hedge funds.
Changes to analyst ratings
Several equity research analysts have recently released reports on JPM shares. Societe Generale upgraded JPMorgan Chase & Co. shares from a “hold” to a “buy” rating and raised its share price target from $145.00 to $150.00 in a research report of Tuesday, May 24. Morgan Stanley cut its price target on JPMorgan Chase & Co. shares from $149.00 to $127.00 and set an “underweight” rating on the stock in a Tuesday, July 12 research report . Piper Sandler lowered its price target on JPMorgan Chase & Co. shares from $170.00 to $158.00 and set an “overweight” rating on the stock in a research report on Friday, July 1. Wells Fargo & Company cut its price target on JPMorgan Chase & Co. stock from $120.00 to $118.00 and set an ‘equal weight’ rating on the stock in a Thursday research report July 14th. Finally, Royal Bank of Canada lowered its target price on JPMorgan Chase & Co. shares to $130.00 in a Thursday, July 14 research report. One financial analyst gave the stock a sell rating, eight issued a hold rating and nine issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $145.95.
JPMorgan Chase & Co. down 2.5%
JPM opened at $118.63 on Friday. The company has a market capitalization of $347.89 billion, a P/E ratio of 9.52, a P/E/G ratio of 2.11 and a beta of 1.12. The company’s 50-day moving average is $115.21 and its 200-day moving average is $127.41. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt ratio of 1.14.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released quarterly earnings data on Thursday, July 14. The financial services provider reported earnings per share (EPS) of $2.76 for the quarter, matching analyst consensus estimates of $2.76. The company posted revenue of $30.72 billion for the quarter, versus analyst estimates of $31.82 billion. JPMorgan Chase & Co. posted a net margin of 30.41% and a return on equity of 15.29%. The company’s quarterly revenue increased 0.8% year over year. In the same quarter last year, the company posted earnings per share of $3.78. Analysts expect JPMorgan Chase & Co. to post EPS of 11.26 for the current fiscal year.
JPMorgan Chase & Co. Company Profile
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JPMorgan Chase & Co operates as a worldwide financial services company. 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 s deposit, investment and lending products, payments and consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.
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