Cresset Asset Management LLC Has $15.84 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Cresset Asset Management LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 121,566 shares of the financial services provider’s stock after selling 10,423 shares during the quarter. Cresset Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $15,841,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of JPM. Mercer Global Advisors Inc. ADV lifted its stake in JPMorgan Chase & Co. by 11.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 336,522 shares of the financial services provider’s stock valued at $45,128,000 after buying an additional 34,068 shares in the last quarter. Crew Capital Management Ltd. lifted its stake in JPMorgan Chase & Co. by 7.2% in the first quarter. Crew Capital Management Ltd. now owns 6,286 shares of the financial services provider’s stock valued at $819,000 after buying an additional 424 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in JPMorgan Chase & Co. by 46.4% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 43,526 shares of the financial services provider’s stock valued at $5,612,000 after buying an additional 13,792 shares in the last quarter. CHURCHILL MANAGEMENT Corp lifted its position in shares of JPMorgan Chase & Co. by 3.4% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 29,711 shares of the financial services provider’s stock worth $3,872,000 after purchasing an additional 984 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of JPMorgan Chase & Co. by 1.5% in the first quarter. Janney Montgomery Scott LLC now owns 1,723,422 shares of the financial services provider’s stock worth $224,579,000 after purchasing an additional 26,285 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.1 %

NYSE:JPM traded down $0.11 on Friday, reaching $143.61. 2,503,775 shares of the stock traded hands, compared to its average volume of 11,386,424. The firm has a market capitalization of $417.34 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 1.86 and a beta of 1.11. The company’s 50 day moving average is $150.71 and its 200-day moving average is $141.36. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.28. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $159.38.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, July 14th. The financial services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.75. The business had revenue of $42.40 billion during the quarter, compared to the consensus estimate of $38.66 billion. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. The company’s revenue for the quarter was up 34.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.76 EPS. Equities research analysts anticipate that JPMorgan Chase & Co. will post 15.57 EPS for the current fiscal year.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Jennifer Piepszak sold 1,871 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $140.70, for a total transaction of $263,249.70. Following the completion of the sale, the chief executive officer now owns 22,926 shares of the company’s stock, valued at approximately $3,225,688.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Jennifer Piepszak sold 1,871 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $140.70, for a total value of $263,249.70. Following the transaction, the chief executive officer now directly owns 22,926 shares in the company, valued at approximately $3,225,688.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas B. Petno sold 4,930 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $142.16, for a total value of $700,848.80. Following the completion of the transaction, the chief executive officer now owns 277,161 shares in the company, valued at $39,401,207.76. The disclosure for this sale can be found here. Insiders sold a total of 17,903 shares of company stock valued at $2,616,735 in the last quarter. 0.79% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on JPM shares. Morgan Stanley boosted their price objective on shares of JPMorgan Chase & Co. from $160.00 to $173.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 price objective on the stock in a research report on Friday, July 7th. Royal Bank of Canada restated an “outperform” rating and set a $158.00 target price on shares of JPMorgan Chase & Co. in a report on Friday. Evercore ISI lowered their target price on shares of JPMorgan Chase & Co. from $155.00 to $151.00 in a report on Friday, May 12th. Finally, Jefferies Financial Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $149.00 to $165.00 in a report on Tuesday, July 11th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy 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 $166.89.

About JPMorgan Chase & Co.

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.