Birmingham Capital Management Co. Inc. AL Sells 1,397 Shares of JPMorgan Chase & Co. $JPM

Birmingham Capital Management Co. Inc. AL lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,205 shares of the financial services provider’s stock after selling 1,397 shares during the period. Birmingham Capital Management Co. Inc. AL’s holdings in JPMorgan Chase & Co. were worth $2,749,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $28,000. University of Illinois Foundation bought a new position in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $30,000. Curat Global LLC bought a new position in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $33,000. Minot DeBlois Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $54,000. Finally, Capital A Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $64,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $300.71 on Thursday. 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 twelve month low of $201.83 and a twelve month high of $305.15. The company has a market cap of $826.89 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 1.98 and a beta of 1.13. The company has a 50 day moving average of $293.54 and a two-hundred day moving average of $266.68.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. During the same quarter in the prior year, the business posted $6.12 EPS. JPMorgan Chase & Co.’s revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the company’s stock in a transaction that occurred 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 owned 82,207 shares in the company, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on JPM. Evercore ISI set a $298.00 price target on JPMorgan Chase & Co. and gave the stock an “outperform” rating in a research report on Monday, July 7th. Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. Phillip Securities lowered shares of JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 16th. Truist Financial boosted their price objective on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a “hold” rating in a research note on Wednesday, July 9th. Finally, TD Securities restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $291.67.

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.