Stableford Capital II LLC Has $2.69 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Stableford Capital II LLC reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 14.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 19,595 shares of the financial services provider’s stock after selling 3,333 shares during the period. JPMorgan Chase & Co. accounts for about 1.5% of Stableford Capital II LLC’s portfolio, making the stock its 17th largest position. Stableford Capital II LLC’s holdings in JPMorgan Chase & Co. were worth $2,692,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in JPM. Cantor Fitzgerald Investment Advisor L.P boosted its position in shares of JPMorgan Chase & Co. by 81.1% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after acquiring an additional 99,636 shares in the last quarter. BCK Partners Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $2,455,000. LSV Asset Management boosted its position in shares of JPMorgan Chase & Co. by 35.6% during the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after acquiring an additional 9,800 shares in the last quarter. Wsfs Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 70.8% during the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after acquiring an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC boosted its position in JPMorgan Chase & Co. by 1,451.4% in the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after buying an additional 3,527 shares in the last quarter. 67.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 23,148 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the sale, the general counsel now directly owns 48,311 shares of the company’s stock, valued at $6,778,516.41. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 544,136 shares of the company’s stock, valued at $76,336,839.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 23,148 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the sale, the general counsel now directly owns 48,311 shares of the company’s stock, valued at approximately $6,778,516.41. The disclosure for this sale can be found here. Insiders sold a total of 37,887 shares of company stock valued at $5,315,762 over the last ninety days. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Down 3.8 %

JPM opened at $125.81 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $370.30 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 1.99 and a beta of 1.12. The firm has a 50 day simple moving average of $139.06 and a 200 day simple moving average of $129.31. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $144.34.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.11 by $0.46. The business had revenue of $34.55 billion during the quarter, compared to the consensus estimate of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. JPMorgan Chase & Co.’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.33 earnings per share. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 12.9 earnings per share for the current year.

Analyst Ratings Changes

JPM has been the topic of a number of recent analyst reports. Piper Sandler boosted their price target on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a research report on Tuesday, January 17th. Credit Suisse Group set a $155.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, February 27th. Barclays boosted their price target on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a research report on Thursday. They issued a “hold” rating on the stock. Finally, UBS Group set a $156.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, January 13th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.78.

About JPMorgan Chase & Co.

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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.