JPMorgan Chase & Co. $JPM Stock Holdings Decreased by Plato Investment Management Ltd

Plato Investment Management Ltd lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.5% during the first quarter, Holdings Channel reports. The fund owned 57,163 shares of the financial services provider’s stock after selling 1,444 shares during the period. JPMorgan Chase & Co. comprises 1.2% of Plato Investment Management Ltd’s investment portfolio, making the stock its 10th largest position. Plato Investment Management Ltd’s holdings in JPMorgan Chase & Co. were worth $14,174,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of JPM. Florida Financial Advisors LLC raised its stake in JPMorgan Chase & Co. by 62.5% in the first quarter. Florida Financial Advisors LLC now owns 9,863 shares of the financial services provider’s stock valued at $2,416,000 after buying an additional 3,792 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $471,000. Crown Wealth Group LLC raised its stake in JPMorgan Chase & Co. by 5.4% in the first quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider’s stock valued at $1,060,000 after buying an additional 222 shares in the last quarter. Mosaic Financial Group LLC raised its stake in JPMorgan Chase & Co. by 0.8% in the first quarter. Mosaic Financial Group LLC now owns 9,296 shares of the financial services provider’s stock valued at $2,280,000 after buying an additional 78 shares in the last quarter. Finally, Morse Asset Management Inc raised its stake in JPMorgan Chase & Co. by 19.5% in the first quarter. Morse Asset Management Inc now owns 2,569 shares of the financial services provider’s stock valued at $630,000 after buying an additional 420 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $297.70 on Wednesday. The stock has a market capitalization of $818.60 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 1.95 and a beta of 1.13. JPMorgan Chase & Co. has a 52-week low of $200.61 and a 52-week high of $305.15. The stock’s 50-day moving average price is $293.36 and its 200 day moving average price is $266.44. The company has a quick ratio of 0.88, a current 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. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

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.

Analyst Ratings Changes

JPM has been the topic of a number of analyst reports. Phillip Securities cut JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 16th. Wells Fargo & Company raised their price objective on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Bank of America raised their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Royal Bank Of Canada set a $305.00 price objective on JPMorgan Chase & Co. and gave the stock an “outperform” rating in a report on Monday, June 30th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $291.67.

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.