EFG Asset Management Americas Corp. Has $4.73 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

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EFG Asset Management Americas Corp. reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,661 shares of the financial services provider’s stock after selling 914 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.4% of EFG Asset Management Americas Corp.’s holdings, making the stock its 24th biggest position. EFG Asset Management Americas Corp.’s holdings in JPMorgan Chase & Co. were worth $4,725,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in JPM. Personal Wealth Partners bought a new position in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $28,000. MRA Associates USA LLC purchased a new position in JPMorgan Chase & Co. in the 2nd quarter worth $30,000. Global Trust Asset Management LLC raised its stake in JPMorgan Chase & Co. by 2,027.2% in the 2nd quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 5,068 shares during the last quarter. Bridger Capital Management LLC purchased a new position in JPMorgan Chase & Co. in the 3rd quarter worth $33,000. Finally, Titan Capital Management LLC CA purchased a new position in JPMorgan Chase & Co. in the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 73.24% of the company’s stock.

A number of research firms have weighed in on JPM. ValuEngine upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Wells Fargo & Co set a $125.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, August 16th. UBS Group lifted their price objective on JPMorgan Chase & Co. from $131.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Royal Bank of Canada lifted their price objective on JPMorgan Chase & Co. to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, BMO Capital Markets lifted their price objective on JPMorgan Chase & Co. to $126.00 in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $123.02.

JPM traded down $0.97 during trading on Wednesday, reaching $128.19. The company’s stock had a trading volume of 649,755 shares, compared to its average volume of 12,142,743. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.26. The firm has a fifty day simple moving average of $121.43 and a two-hundred day simple moving average of $114.26. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $131.29. The company has a market cap of $407.49 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 1.83 and a beta of 1.21.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.23. The company had revenue of $29.34 billion for the quarter, compared to analyst estimates of $28.36 billion. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.34 earnings per share. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 10.17 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were given a $0.90 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. The ex-dividend date was Thursday, October 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 2.81%. JPMorgan Chase & Co.’s payout ratio is presently 40.00%.

In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 64,198 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $130.91, for a total value of $8,404,160.18. Following the completion of the transaction, the chief executive officer now owns 451,481 shares in the company, valued at $59,103,377.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gordon Smith sold 83,289 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $119.98, for a total transaction of $9,993,014.22. Following the completion of the transaction, the chief executive officer now owns 393,197 shares of the company’s stock, valued at approximately $47,175,776.06. The disclosure for this sale can be found here. In the last three months, insiders sold 152,944 shares of company stock worth $19,088,970. 0.76% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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