Amundi Trims Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Amundi lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,313,437 shares of the financial services provider’s stock after selling 968,802 shares during the quarter. Amundi owned about 0.19% of JPMorgan Chase & Co. worth $1,291,855,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of JPM. Permanent Capital Management LP bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at approximately $755,000. Dorsey & Whitney Trust CO LLC grew its stake in shares of JPMorgan Chase & Co. by 0.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 127,917 shares of the financial services provider’s stock worth $30,663,000 after acquiring an additional 937 shares during the last quarter. Naviter Wealth LLC increased its holdings in shares of JPMorgan Chase & Co. by 44.3% during the fourth quarter. Naviter Wealth LLC now owns 28,723 shares of the financial services provider’s stock valued at $6,885,000 after acquiring an additional 8,815 shares in the last quarter. Rialto Wealth Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth about $448,000. Finally, Hamilton Capital Partners LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter worth about $691,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.7 %

Shares of JPMorgan Chase & Co. stock opened at $234.12 on Tuesday. JPMorgan Chase & Co. has a 1-year low of $179.20 and a 1-year high of $280.25. The company’s fifty day simple moving average is $258.16 and its 200-day simple moving average is $239.04. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The stock has a market capitalization of $654.64 billion, a PE ratio of 11.86, a P/E/G ratio of 2.83 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.04 earnings per share. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insider Activity

In related news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now owns 50,377 shares in the company, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at $42,737,529.04. This represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,326 shares of company stock valued at $12,448,445 in the last ninety days. Corporate insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JPM. Citigroup lifted their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $215.00 to $220.00 in a report on Friday, March 7th. Keefe, Bruyette & Woods increased their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Finally, Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research report on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $252.89.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of 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.