Groupama Asset Managment Boosts Stock Holdings in JPMorgan Chase & Co. $JPM

Groupama Asset Managment grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 722,257 shares of the financial services provider’s stock after purchasing an additional 74,016 shares during the quarter. JPMorgan Chase & Co. makes up about 1.4% of Groupama Asset Managment’s portfolio, making the stock its 15th biggest holding. Groupama Asset Managment’s holdings in JPMorgan Chase & Co. were worth $175,400,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Wimmer Associates 1 LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.0% during the 4th quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider’s stock valued at $986,000 after purchasing an additional 40 shares in the last quarter. Twin Lakes Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.3% during the 4th quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider’s stock valued at $3,340,000 after purchasing an additional 40 shares in the last quarter. First Command Advisory Services Inc. increased its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 1st quarter. First Command Advisory Services Inc. now owns 9,306 shares of the financial services provider’s stock valued at $2,283,000 after purchasing an additional 40 shares in the last quarter. Black Swift Group LLC increased its holdings in JPMorgan Chase & Co. by 0.7% in the 1st quarter. Black Swift Group LLC now owns 5,759 shares of the financial services provider’s stock worth $1,413,000 after acquiring an additional 40 shares in the last quarter. Finally, Beacon Bridge Wealth Partners LLC increased its holdings in JPMorgan Chase & Co. by 1.8% in the 1st quarter. Beacon Bridge Wealth Partners LLC now owns 2,231 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 40 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 0.5%

Shares of JPM opened at $292.1840 on Thursday. JPMorgan Chase & Co. has a 52-week low of $200.61 and a 52-week high of $301.29. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm’s fifty day moving average is $287.83 and its two-hundred day moving average is $264.10. The stock has a market cap of $803.43 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.93 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company had revenue of $44.91 billion for the quarter, compared to analysts’ expectations of $43.76 billion. During the same quarter in the previous year, the company posted $6.12 EPS. The firm’s quarterly revenue was down 10.5% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on JPM shares. Royal Bank Of Canada set a $305.00 price target on shares of JPMorgan Chase & Co. and gave the stock an “outperform” rating in a report on Monday, June 30th. Morgan Stanley boosted their price target on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Bank of America boosted their price target on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Finally, Citigroup set a $275.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $288.68.

Insider Transactions at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the transaction, the chief operating officer owned 62,455 shares of the company’s stock, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.47% of the stock is currently owned by company insiders.

About JPMorgan Chase & Co.

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.