Geode Capital Management LLC Buys 1,061,831 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Geode Capital Management LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 52,310,456 shares of the financial services provider’s stock after purchasing an additional 1,061,831 shares during the period. JPMorgan Chase & Co. accounts for about 0.9% of Geode Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding. Geode Capital Management LLC owned approximately 1.79% of JPMorgan Chase & Co. worth $6,801,125,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Moneta Group Investment Advisors LLC raised its stake in JPMorgan Chase & Co. by 105,652.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after acquiring an additional 97,907,897 shares during the period. Norges Bank bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $3,894,646,000. Price T Rowe Associates Inc. MD raised its position in shares of JPMorgan Chase & Co. by 71.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,484,094 shares of the financial services provider’s stock valued at $4,087,917,000 after purchasing an additional 12,654,947 shares during the period. Morgan Stanley lifted its stake in shares of JPMorgan Chase & Co. by 15.9% during the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after buying an additional 8,088,433 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new position in JPMorgan Chase & Co. in the 4th quarter worth $556,791,000. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, 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 transaction of $700,848.80. Following the transaction, the chief executive officer now owns 277,161 shares of the company’s stock, valued at approximately $39,401,207.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, 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 transaction of $700,848.80. Following the transaction, the chief executive officer now owns 277,161 shares of the company’s stock, valued at approximately $39,401,207.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Peter Scher sold 2,482 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $141.39, for a total value of $350,929.98. Following the transaction, the insider now directly owns 41,333 shares in the company, valued at approximately $5,844,072.87. The disclosure for this sale can be found here. Insiders have sold 16,032 shares of company stock valued at $2,353,485 in the last quarter. 0.79% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on JPM. Wolfe Research upgraded 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. 888 restated a “maintains” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 26th. Piper Sandler upped their price target on JPMorgan Chase & Co. from $158.00 to $168.00 in a research note on Monday, July 17th. Societe Generale downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Finally, HSBC started coverage on JPMorgan Chase & Co. in a research note on Thursday, September 7th. They issued a “hold” rating and a $159.00 price target for the company. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $167.21.

JPMorgan Chase & Co. Trading Up 0.2 %

JPMorgan Chase & Co. stock traded up $0.30 during mid-day trading on Tuesday, hitting $144.76. The company’s stock had a trading volume of 1,519,791 shares, compared to its average volume of 11,328,080. The company has a 50 day moving average of $150.64 and a 200-day moving average of $141.43. The stock has a market cap of $420.68 billion, a PE ratio of 9.30, a P/E/G ratio of 1.84 and a beta of 1.11. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.90 and a current ratio of 0.90. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $159.38.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, July 14th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $3.62 by $0.75. The company had revenue of $42.40 billion for the quarter, compared to the consensus estimate of $38.66 billion. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. JPMorgan Chase & Co.’s quarterly revenue was up 34.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.76 EPS. On average, research analysts anticipate that JPMorgan Chase & Co. will post 15.58 EPS for the current year.

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.