RPG Investment Advisory LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,478 shares of the financial services provider’s stock after purchasing an additional 113 shares during the quarter. RPG Investment Advisory LLC’s holdings in JPMorgan Chase & Co. were worth $5,654,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter, valued at approximately $4,092,843,000. GQG Partners LLC increased its stake in JPMorgan Chase & Co. by 403.3% in the 4th quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider’s stock valued at $806,728,000 after purchasing an additional 4,083,231 shares in the last quarter. Renaissance Technologies LLC increased its stake in JPMorgan Chase & Co. by 1543.7% in the 4th quarter. Renaissance Technologies LLC now owns 3,341,486 shares of the financial services provider’s stock valued at $529,124,000 after purchasing an additional 3,138,200 shares during the last quarter. State Street Corp increased its position in JPMorgan Chase & Co. by 1.6% in the fourth quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $22,441,376,000 after acquiring an additional 2,277,065 shares during the period. Finally, Schroder Investment Management Group increased its stake in JPMorgan Chase & Co. by 21.4% in the fourth quarter. Schroder Investment Management Group now owns 5,393,466 shares of the financial services provider’s stock valued at $854,055,000 after acquiring an additional 952,346 shares during the last quarter. Institutional investors and hedge funds own 70.35% of the company’s shares.
Price performance of JPMorgan Chase & Co
Shares of JPM stock opened at $118.63 on Friday. The firm’s 50-day moving average is $115.21, and its 200-day moving average is $127.41. The company has a debt-to-equity ratio of 1.14, a quick earnings ratio of 0.83, and a current ratio of 0.83. JPMorgan Chase & Co. it has a 52-week low of $106.06 and a 52-week high of $172.96. The stock has a market cap of $347.89 billion, a PE ratio of 9.52, a PEG ratio of 2.11 and a beta of 1.12.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating ) last posted its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.76. JPMorgan Chase & Co. has a return on equity of 15.29% and a net margin of 30.41%. The company had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $31.82 billion. During the same quarter in the previous year, the business reported $3.78 EPS. The company’s quarterly revenue was up .8% year-over-year. As a group, analysts predict that JPMorgan Chase & Co. will post 11.26 EPS for the current year.
Changes in analyst ratings
JPM has been the subject of several recent analyst reports. Piper Sandler lowered its target price on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday, July 1st. Evercore ISI lowered its target price on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research report on Friday, July 15th. Morgan Stanley cut its price objective on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a report on Tuesday, July 12th. Barclays set a $200.00 target price on JPMorgan Chase & Co . in a report dated Monday, July 18th. Finally, Royal Bank of Canada cut their price target on JPMorgan Chase & Co. up to $130.00 in a report on Thursday, July 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $145.95, according to MarketBeat.com.
Profile of JPMorgan Chase & Co
JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer and Community Banking (CCB), Corporate and Investment Banking (CIB), Commercial Banking (CB) and Asset and Wealth Management (AWM). The CCB segment offers deposit, investment and credit products, payments and consumer services; lending, deposit and cash management and payment solutions for small businesses; mortgage issuing and servicing activities; residential mortgages and residential loans; and credit cards, auto loans and leasing services.
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