Van Hulzen Asset Management LLC Sells 693 Shares of JPMorgan Chase & Co. $JPM

Van Hulzen Asset Management LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,059 shares of the financial services provider’s stock after selling 693 shares during the period. JPMorgan Chase & Co. makes up about 1.1% of Van Hulzen Asset Management LLC’s portfolio, making the stock its 29th biggest holding. Van Hulzen Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $11,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. MJT & Associates Financial Advisory Group Inc. bought a new stake in JPMorgan Chase & Co. during the first quarter worth about $28,000. University of Illinois Foundation bought a new position in JPMorgan Chase & Co. in the 1st quarter valued at about $30,000. Curat Global LLC acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $33,000. Measured Risk Portfolios Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $44,000. Finally, Minot DeBlois Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $54,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JPM has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price objective on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. TD Cowen started coverage on JPMorgan Chase & Co. in a report on Thursday, May 15th. They issued a “buy” rating and a $305.00 target price on the stock. Citigroup set a $275.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Monday, July 7th. Truist Financial upped their price objective on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a “hold” rating in a research report on Wednesday, July 9th. Finally, Cowen reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $288.68.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the transaction, the chief operating officer directly owned 62,455 shares in the company, valued at approximately $16,392,563.85. This represents a 8.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $295.9920 on Friday. The stock has a 50-day moving average price of $288.92 and a two-hundred day moving average price of $264.46. JPMorgan Chase & Co. has a 12 month low of $200.61 and a 12 month high of $301.29. The company has a market capitalization of $813.90 billion, a PE ratio of 15.19, a P/E/G ratio of 1.94 and a beta of 1.11. 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 released its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping the consensus estimate of $4.48 by $0.48. The company had revenue of $44.91 billion for the quarter, compared to analysts’ expectations of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The business’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $6.12 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 18.1 EPS 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.