JPMorgan Chase & Co. (NYSE:JPM) is Mechanics Financial Corp’s 9th Largest Position

Mechanics Financial Corp reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,618 shares of the financial services provider’s stock after selling 182 shares during the period. JPMorgan Chase & Co. accounts for about 1.7% of Mechanics Financial Corp’s investment portfolio, making the stock its 9th largest holding. Mechanics Financial Corp’s holdings in JPMorgan Chase & Co. were worth $3,356,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of JPM. Bigelow Investment Advisors LLC raised its holdings in JPMorgan Chase & Co. by 1.0% in the fourth quarter. Bigelow Investment Advisors LLC now owns 6,886 shares of the financial services provider’s stock worth $1,090,000 after buying an additional 69 shares during the last quarter. Cable Hill Partners LLC raised its holdings in JPMorgan Chase & Co. by 1.2% in the fourth quarter. Cable Hill Partners LLC now owns 6,063 shares of the financial services provider’s stock worth $960,000 after buying an additional 70 shares during the last quarter. Legacy Wealth Asset Management LLC raised its holdings in JPMorgan Chase & Co. by 1.1% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 6,693 shares of the financial services provider’s stock worth $1,060,000 after buying an additional 71 shares during the last quarter. Dimension Capital Management LLC raised its holdings in JPMorgan Chase & Co. by 2.1% in the fourth quarter. Dimension Capital Management LLC now owns 3,561 shares of the financial services provider’s stock worth $565,000 after buying an additional 72 shares during the last quarter. Finally, Legacy Capital Partners Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.4% in the first quarter. Legacy Capital Partners Inc. now owns 5,591 shares of the financial services provider’s stock worth $762,000 after acquiring an additional 75 shares during the period. 68.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of research analyst reports. UBS Group reduced their price target on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating for the company in a research note on Friday, July 15th. Oppenheimer reduced their price target on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a research note on Friday, July 15th. Piper Sandler reduced their price target on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday, July 1st. Wells Fargo & Company cut their target price on shares of JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating for the company in a research report on Thursday, July 14th. Finally, Evercore ISI cut their target price on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research report on Friday, July 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $145.95.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $119.17 on Friday. JPMorgan Chase & Co. has a one year low of $106.06 and a one year high of $172.96. The company’s fifty day moving average price is $115.44 and its 200-day moving average price is $123.65. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $349.47 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.76. The company had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. JPMorgan Chase & Co.’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.78 earnings per share. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 11.31 EPS for the current fiscal year.

JPMorgan Chase & Co. Company Profile

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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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

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

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