Axiom Investors LLC DE Boosts Holdings in JPMorgan Chase & Co. $JPM

Axiom Investors LLC DE increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 84.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,719,115 shares of the financial services provider’s stock after purchasing an additional 788,831 shares during the period. JPMorgan Chase & Co. makes up 3.9% of Axiom Investors LLC DE’s holdings, making the stock its 6th biggest holding. Axiom Investors LLC DE owned 0.06% of JPMorgan Chase & Co. worth $421,699,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after purchasing an additional 4,841 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of JPMorgan Chase & Co. by 0.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider’s stock valued at $46,068,000 after buying an additional 1,229 shares during the period. Highview Capital Management LLC DE increased its stake in shares of JPMorgan Chase & Co. by 16.1% during the fourth quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider’s stock valued at $3,266,000 after purchasing an additional 1,893 shares in the last quarter. KKM Financial LLC boosted its holdings in JPMorgan Chase & Co. by 3.9% in the fourth quarter. KKM Financial LLC now owns 16,854 shares of the financial services provider’s stock worth $4,040,000 after acquiring an additional 640 shares in the last quarter. Finally, Crestline Management LP lifted its holdings in shares of JPMorgan Chase & Co. by 5.9% during the fourth quarter. Crestline Management LP now owns 1,800 shares of the financial services provider’s stock valued at $431,000 after purchasing an additional 100 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of recent research reports. Wall Street Zen raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. Bank of America lifted their target price on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Truist Financial raised their price target on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a “hold” rating in a report on Wednesday, July 9th. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Finally, Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 price objective for the company. in a report on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $291.67.

JPMorgan Chase & Co. Trading Down 3.0%

NYSE JPM opened at $294.79 on Monday. The company has a 50 day moving average price of $293.16 and a 200 day moving average price of $266.02. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 52 week low of $200.61 and a 52 week high of $305.15. The firm has a market cap of $810.59 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.96 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating analysts’ consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The company’s revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $6.12 earnings per share. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the transaction, the director directly owned 82,207 shares of the company’s stock, valued at $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.