JPMorgan Chase & Co. $JPM Shares Sold by Raab & Moskowitz Asset Management LLC

Raab & Moskowitz Asset Management LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,171 shares of the financial services provider’s stock after selling 229 shares during the quarter. JPMorgan Chase & Co. makes up about 1.2% of Raab & Moskowitz Asset Management LLC’s holdings, making the stock its 22nd biggest position. Raab & Moskowitz Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $4,703,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JPM. GAMMA Investing LLC raised its holdings in JPMorgan Chase & Co. by 25,861.9% during the first quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider’s stock worth $5,778,289,000 after purchasing an additional 23,465,278 shares in the last quarter. Nuveen LLC acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter worth about $3,972,807,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of JPMorgan Chase & Co. by 16.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,550,491 shares of the financial services provider’s stock worth $4,207,028,000 after purchasing an additional 2,465,572 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $454,042,000. Finally, National Bank of Canada FI increased its position in shares of JPMorgan Chase & Co. by 44.4% during the first quarter. National Bank of Canada FI now owns 4,518,740 shares of the financial services provider’s stock worth $1,108,415,000 after purchasing an additional 1,388,992 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on JPM shares. TD Cowen began coverage on JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a “buy” rating and a $305.00 target price on the stock. Robert W. Baird cut shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 target price on the stock. in a report on Friday, June 27th. Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Friday, June 27th. Cowen reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Finally, Phillip Securities cut shares of JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $291.67.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the sale, the director owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $294.79 on Friday. JPMorgan Chase & Co. has a twelve month low of $200.61 and a twelve month high of $305.15. The stock’s 50 day moving average is $293.16 and its two-hundred day moving average is $266.02. The firm has a market capitalization of $810.59 billion, a PE ratio of 15.12, a P/E/G ratio of 1.96 and a beta of 1.13. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data 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 return on equity of 16.93% and a net margin of 20.52%.The company had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. During the same quarter in the previous year, the company earned $6.12 EPS. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. Research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Company 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.