Grant GrossMendelsohn LLC Cuts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Grant GrossMendelsohn LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 20.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,687 shares of the financial services provider’s stock after selling 2,784 shares during the period. Grant GrossMendelsohn LLC’s holdings in JPMorgan Chase & Co. were worth $1,457,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JPM. Cantor Fitzgerald Investment Advisor L.P grew its stake in JPMorgan Chase & Co. by 81.1% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after buying an additional 99,636 shares in the last quarter. BCK Partners Inc. purchased a new position in JPMorgan Chase & Co. in the 1st quarter worth approximately $2,455,000. LSV Asset Management lifted its holdings in shares of JPMorgan Chase & Co. by 35.6% in the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after acquiring an additional 9,800 shares during the last quarter. Wsfs Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 70.8% in the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after acquiring an additional 1,749 shares during the last quarter. Finally, Lumature Wealth Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after acquiring an additional 3,527 shares during the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JPM. Credit Suisse Group set a $155.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, February 27th. Piper Sandler boosted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a report on Tuesday, January 17th. Oppenheimer boosted their price objective on shares of JPMorgan Chase & Co. from $177.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, February 2nd. StockNews.com began coverage on shares of JPMorgan Chase & Co. in a report on Thursday. They issued a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $155.00 to $145.00 in a report on Friday, January 6th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $150.78.

JPMorgan Chase & Co. Stock Down 3.8 %

Shares of NYSE JPM opened at $125.81 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $144.34. The firm has a market capitalization of $370.30 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 1.99 and a beta of 1.12. The firm has a fifty day simple moving average of $139.06 and a two-hundred day simple moving average of $129.31.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, topping the consensus estimate of $3.11 by $0.46. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The business had revenue of $34.55 billion during the quarter, compared to analyst estimates of $34.23 billion. During the same period in the prior year, the business earned $3.33 EPS. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. Equities analysts expect that JPMorgan Chase & Co. will post 12.9 earnings per share for the current year.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.29, for a total value of $1,450,598.60. Following the completion of the transaction, the chief executive officer now directly owns 544,136 shares in the company, valued at approximately $76,336,839.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 375 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 19th. The shares were purchased at an average cost of $134.53 per share, with a total value of $50,448.75. Following the transaction, the director now directly owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the completion of the sale, the chief executive officer now directly owns 544,136 shares in the company, valued at $76,336,839.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,887 shares of company stock worth $5,315,762. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Profile

(Get Rating)

JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.