Advisory Research Inc. Decreases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Advisory Research Inc. lowered its position in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,949 shares of the financial services provider’s stock after selling 84 shares during the quarter. Advisory Research Inc.’s holdings in JPMorgan Chase & Co. were worth $1,458,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Arbor Capital Management Inc. ADV increased its holdings in JPMorgan Chase & Co. by 3.8% in the 3rd quarter. Arbor Capital Management Inc. ADV now owns 13,638 shares of the financial services provider’s stock worth $1,526,000 after acquiring an additional 501 shares during the last quarter. Alpha DNA Investment Management LLC bought a new position in JPMorgan Chase & Co. in the 3rd quarter worth about $2,265,000. Alpha Paradigm Partners LLC bought a new position in JPMorgan Chase & Co. in the 3rd quarter worth about $355,000. Ascent Group LLC boosted its stake in JPMorgan Chase & Co. by 5.4% in the 3rd quarter. Ascent Group LLC now owns 33,125 shares of the financial services provider’s stock worth $4,170,000 after purchasing an additional 1,701 shares during the period. Finally, Cooke & Bieler LP boosted its stake in JPMorgan Chase & Co. by 14.2% in the 3rd quarter. Cooke & Bieler LP now owns 668,142 shares of the financial services provider’s stock worth $69,821,000 after purchasing an additional 82,885 shares during the period. Hedge funds and other institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $134.62 on Wednesday. The business has a 50 day moving average of $139.56 and a 200 day moving average of $129.12. The company has a market capitalization of $396.23 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 2.07 and a beta of 1.12. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $144.34. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.11 by $0.46. The company 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%. JPMorgan Chase & Co.’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.33 EPS. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 12.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 23,148 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total value of $3,247,895.88. Following the transaction, the general counsel now directly owns 48,311 shares of the company’s stock, valued at approximately $6,778,516.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 23,148 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total value of $3,247,895.88. Following the transaction, the general counsel now directly owns 48,311 shares of the company’s stock, valued at approximately $6,778,516.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Peter Scher sold 4,399 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total value of $617,267.68. Following the completion of the transaction, the insider now directly owns 36,369 shares in the company, valued at $5,103,298.08. The disclosure for this sale can be found here. Insiders have sold 37,887 shares of company stock valued at $5,315,762 in the last ninety days. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on JPM shares. Barclays raised their target price on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Piper Sandler raised their target price on JPMorgan Chase & Co. from $150.00 to $157.00 in a research note on Tuesday, January 17th. Credit Suisse Group set a $155.00 target price on JPMorgan Chase & Co. in a research note on Monday, February 27th. Oppenheimer raised their target price on JPMorgan Chase & Co. from $177.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, February 2nd. Finally, Royal Bank of Canada set a $130.00 price target on JPMorgan Chase & Co. in a research report on Friday, January 13th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $150.78.

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.