RPG Investment Advisory LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.3% in the first quarter, according to the company’s latest statement with the Securities and Exchange Commission (SEC). The firm held 41,478 shares of the financial services provider after purchasing an additional 113 shares during the quarter. RPG Investment Advisory LLC’s shares in JPMorgan Chase & Co. were valued at $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 purchased a new stake in JPMorgan Chase & Co. worth approximately $4,092,843,000 in Q4. GQG Partners LLC increased its stake in JPMorgan Chase & Co. 403.3 percent in Q4. GQG Partners LLC now owns 5,095,612 shares of the financial services provider, valued at $806,728,000, after purchasing an additional 4,083,231 shares last quarter. Renaissance Technologies LLC increased its stake in JPMorgan Chase & Co. by 1,543.7% in Q4. Renaissance Technologies LLC owns 3,341,486 shares of the financial services provider, valued at $529,124,000, after purchasing an additional 3,138,200 shares in the last quarter. State Street Corp grew its position in JPMorgan Chase & Co. 1.6% in the fourth quarter. State Street Corp owns 141,720,090 shares worth $22,441,376,000 of the financial services provider, after purchasing an additional 2,277,065 shares during the period. Finally, Schroder Investment Management Group increased its stake in JPMorgan Chase & Co. 21.4% in the fourth quarter. Schroder Investment Management Group now owns 5,393,466 shares of the financial services provider, valued at $854,055,000, after purchasing an additional 952,346 shares last quarter. Institutional investors and hedge funds own 70.35% of the company’s stock.
JPMorgan Chase & Co. Price Performance
JPM shares opened at $118.63 on Friday. The firm’s 50-day moving average price is $115.21 and two hundred-day moving average price is $127.41. The company’s debt/equity ratio is 1.14, quick ratio is 0.83 and current ratio is 0.83. JPMorgan Chase & Co. The 52-week low is $106.06 and the 52-week high is $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 – Rating) most recently released quarterly earnings results on Thursday, July 14. The financial services provider reported earnings per share for the quarter of $2.76, meeting analyst consensus estimates of $2.76. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The company generated $30.72 billion in revenue for the quarter, compared to the consensus estimate of $31.82 billion. In the same quarter of the previous year, the business posted an EPS of $3.78. The firm’s quarterly revenue increased 0.8% year-on-year. Analysts as a group estimate that JPMorgan Chase & Co. will send 11.26 EPS for the current year.
Changes in Analyst Ratings
JPM has been the subject of several recent analyst reports. Piper Sandler lowered the target price of JPMorgan Chase & Co.’s shares from $170.00 to $158.00 and set a “overweight” rating for the stock in a research note Friday (July 1st). Evercore ISI lowered its price target on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research report Friday, July 15. Morgan Stanley lowered its price target for JPMorgan Chase & Co.’s shares from $149.00 to $127.00 and set a “low-weight” rating for the company in a report released Tuesday, July 12. In a report released Monday, July 18, Barclays announced that JPMorgan Chase & Co. set a target price of $200.00 for Most recently, Royal Bank of Canada lowered its price target at JPMorgan Chase & Co. to $130.00 in a report released Thursday, July 14. One research analyst gave the stock a sell grade, eight a hold grade, and nine a buy grade. According to data from MarketBeat.com, the company currently has an average “Hold” rating and a consensus price target of $145.95.
JPMorgan Chase & Co. profile
JPMorgan Chase & Co operates as a worldwide financial services company. It operates through four segments: Consumer and Community Banking (CCB), Corporate and Investment Bank (CIB), Commercial Banking (CB), and Asset and Wealth Management (AWM). The CCB segment offers deposit, investment and loan products, payments and services to consumers; small business lending, deposit and cash management and payment solutions; mortgage origination and service activities; residential mortgages and home equity loans; and credit card, auto loan and rental services.
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