RPG Investment Advisory LLC increased its position in JPMorgan Chase & Company (NYSE:JPM) by 0.3% in the first quarter, the company said in its most recent filings with the Securities and Exchange Commission (SEC). The company held 41,478 shares of the financial services provider after purchasing an additional 113 shares during the quarter. RPG Investment Advisory LLC’s investment in JPMorgan Chase & Company was $5,654,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares in the company recently. Norges Bank acquired a new stake in JPMorgan Chase & Company stock valued at approximately $4,092,843,000 during the fourth quarter. GQG Partners LLC increased its stake in JPMorgan Chase & Co to 403.3 percent in the fourth quarter. After purchasing an additional 4,083,231 shares in the previous quarter, GQG Partners LLC now holds 5,095,612 shares of the financial services provider for $806,728,000. Renaissance Technologies LLC increased its stake in JPMorgan Chase & Co by 1,543.7% during the fourth quarter. After purchasing an additional 3,138,200 shares in the prior quarter, Renaissance Technologies LLC now holds 3,341,486 shares representing 529,124,000 shares of the financial services provider. State Street Corp increased its position in JPMorgan Chase & Co by 1.6% in the fourth quarter. State Street Corp. now owns 141,720,090 shares of the financial services provider valued at $22,441,376,000, having purchased an additional 2,277,065 shares during the period. Finally, Schroder Investment Management Group increased its stake in JPMorgan Chase & Co. to 21.4% in the fourth quarter. The Schroder Investment Management Group now owns 5,393,466 shares of the financial services provider, valued at $854,055,000, after purchasing an additional 952,346 shares in the previous quarter. Institutional investors and hedge funds hold 70.35% of the company’s shares.
Stock development of JPMorgan Chase & Company
JPM shares opened at $118.63 on Friday. The company’s 50-day moving average price is $115.21 and its 200-day moving average price is $127.41. The company has a debt to equity ratio of 1.14, a quick ratio of 0.83 and a current ratio of 0.83. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96. The stock has a market cap of $347.89 billion, a PE ratio of 9.52, a PEG ratio of 2.11, and a beta of 1.12.
JPMorgan Chase & Company (NYSE:JPM – GET RATINGS) last released its quarterly earnings results on Thursday, July 14th. The financial services firm reported earnings per share of $2.76 for the quarter, beating analyst consensus estimates of $2.76. JPMorgan Chase & Company had a return on equity of 15.29% and a net margin of 30.41%. The company’s revenue for the quarter was $30.72 billion compared to the consensus estimate of $31.82 billion. In the same quarter last year, the company posted $3.78 per share. The company’s quarterly revenue rose 0.8% year over year. As a group, analysts expect JPMorgan Chase & Co. to post 11.26 EPS for the year to date.
Analyst rating change
JPM has been the subject of several recent analyst reports. Piper Sandler lowered his target price on JPMorgan Chase & Co. shares to $158.00 from $170.00 and gave the stock an “overweight” rating in a research note issued on Friday, July 1. Evercore ISI lowered its target price on JPMorgan Chase & Co. Co. shares to $125.00 from $135.00 in a research report on Friday, July 15. Morgan Stanley lowered its price target on JPMorgan Chase & Co. shares. from $149.00 to $127.00 and put an “underweight” rating on the company in a report on Tuesday, July 12. Barclays put a price target of $200.00 on JPMorgan Chase & Co. in a report on Monday, July 18th. Finally, the Royal Bank of Canada lowered its price target on JPMorgan Chase & Co. to $130.00 in a report on Thursday, July 14. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to data from Marketbeat.com, the company currently has an average rating of Hold and a consensus price target of $145.95.
JPMorgan Chase & Company Profile
JPMorgan Chase & Company is a global financial services company. It operates through four segments: Consumer and Community Banking (CCB), Corporate and Investment Banking (CIB), Commercial Banking (CB) and Asset and Wealth Management (AWM). The CCB segment provides consumer deposit, investment and credit products, payments and services; credit, deposit and cash management and payment solutions for small businesses; mortgage origination and administration; residential mortgages and home equity loans; and credit cards, auto loans and leasing services.
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