JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Gradient Investments LLC

Gradient Investments LLC reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 14.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 228,484 shares of the financial services provider’s stock after selling 38,241 shares during the quarter. JPMorgan Chase & Co. comprises 1.0% of Gradient Investments LLC’s investment portfolio, making the stock its 24th biggest holding. Gradient Investments LLC’s holdings in JPMorgan Chase & Co. were worth $30,640,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Premier Asset Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.7% during the third quarter. Premier Asset Management LLC now owns 4,635 shares of the financial services provider’s stock worth $484,000 after purchasing an additional 77 shares in the last quarter. Trellis Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 2.8% during the third quarter. Trellis Advisors LLC now owns 2,897 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 79 shares in the last quarter. Karpas Strategies LLC increased its position in shares of JPMorgan Chase & Co. by 0.4% during the third quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock worth $2,251,000 after acquiring an additional 80 shares during the last quarter. Wulff Hansen & CO. increased its position in shares of JPMorgan Chase & Co. by 0.5% during the third quarter. Wulff Hansen & CO. now owns 14,665 shares of the financial services provider’s stock worth $1,532,000 after acquiring an additional 80 shares during the last quarter. Finally, Commons Capital LLC increased its position in shares of JPMorgan Chase & Co. by 0.8% during the third quarter. Commons Capital LLC now owns 10,465 shares of the financial services provider’s stock worth $1,094,000 after acquiring an additional 82 shares during the last quarter. 67.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on JPM. Wells Fargo & Company raised JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $148.00 to $155.00 in a research report on Monday, March 13th. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $150.00 to $157.00 in a research report on Tuesday, January 17th. Deutsche Bank Aktiengesellschaft lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and dropped their target price for the stock from $155.00 to $145.00 in a research report on Friday, January 6th. Royal Bank of Canada set a $130.00 target price on JPMorgan Chase & Co. in a research report on Friday, January 13th. Finally, UBS Group set a $156.00 price objective on JPMorgan Chase & Co. in a report on Friday, January 13th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $150.78.

JPMorgan Chase & Co. Stock Performance

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. The stock has a 50 day simple moving average of $139.06 and a 200-day simple moving average of $129.21. The company has a market cap of $370.30 billion, a PE ratio of 10.41, a P/E/G ratio of 2.09 and a beta of 1.12. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $144.34.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 14.68% and a net margin of 24.34%. The business’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.33 earnings per share. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 12.9 EPS for the current year.

Insider Transactions at JPMorgan Chase & Co.

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 stock was 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 directly owns 544,136 shares in the company, valued at $76,336,839.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Mellody L. Hobson bought 375 shares of the business’s stock in a transaction on Thursday, January 19th. The stock was purchased at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the transaction, the director now directly owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was 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 disclosure for this sale can be found here. Over the last three months, insiders sold 37,887 shares of company stock worth $5,315,762. Company insiders own 0.79% of the company’s stock.

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.