JPMorgan Chase & Co. (NYSE:JPM) is Yousif Capital Management LLC’s 10th Largest Position

Yousif Capital Management LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 499,813 shares of the financial services provider’s stock after purchasing an additional 16,249 shares during the quarter. JPMorgan Chase & Co. makes up 0.9% of Yousif Capital Management LLC’s investment portfolio, making the stock its 10th largest holding. Yousif Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $67,025,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. HBC Financial Services PLLC grew its stake in shares of JPMorgan Chase & Co. by 61.2% during the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 90 shares during the period. Grayhawk Investment Strategies Inc. bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth $32,000. Horizons Wealth Management bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth $39,000. New Millennium Group LLC bought a new position in JPMorgan Chase & Co. in the 2nd quarter worth about $39,000. Finally, Parkwood LLC grew its holdings in JPMorgan Chase & Co. by 7.1% during the 2nd quarter. Parkwood LLC now owns 43,703 shares of the financial services provider’s stock valued at $44,000 after buying an additional 2,885 shares in the last quarter. 67.89% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Down 3.8 %

JPM opened at $125.81 on Friday. The company has a market cap of $370.30 billion, a P/E ratio of 10.41, a P/E/G ratio of 2.09 and a beta of 1.12. The business’s 50-day moving average price is $139.06 and its 200-day moving average price is $129.21. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $144.34.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, topping the consensus estimate of $3.11 by $0.46. The firm had revenue of $34.55 billion for the quarter, compared to the consensus estimate of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.33 earnings per share. On average, equities analysts expect that JPMorgan Chase & Co. will post 12.9 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on JPM. Royal Bank of Canada set a $130.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, January 13th. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a report on Tuesday, January 17th. UBS Group set a $156.00 target price on JPMorgan Chase & Co. in a research report on Friday, January 13th. Deutsche Bank Aktiengesellschaft downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and dropped their price target for the company from $155.00 to $145.00 in a research report on Friday, January 6th. Finally, Oppenheimer raised their target price on shares of JPMorgan Chase & Co. from $177.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, February 2nd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $150.78.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 23,148 shares of the business’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the transaction, the general counsel now owns 48,311 shares in the company, valued at approximately $6,778,516.41. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, Director Mellody L. Hobson purchased 375 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 19th. The shares were bought at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the acquisition, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Stacey Friedman sold 23,148 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total value of $3,247,895.88. Following the sale, the general counsel now directly owns 48,311 shares in the company, valued at $6,778,516.41. The disclosure for this sale can be found here. Insiders have sold a total of 37,887 shares of company stock worth $5,315,762 in the last 90 days. Company insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

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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.