Temasek Holdings Private Ltd reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 55.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,220 shares of the financial services provider’s stock after selling 98,005 shares during the period. Temasek Holdings Private Ltd’s holdings in JPMorgan Chase & Co. were worth $8,602,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JPM. SevenBridge Financial Group LLC raised its holdings in JPMorgan Chase & Co. by 1.4% in the first quarter. SevenBridge Financial Group LLC now owns 32,749 shares of the financial services provider’s stock valued at $3,517,000 after acquiring an additional 459 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in JPMorgan Chase & Co. by 4.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 11,815 shares of the financial services provider’s stock valued at $1,264,000 after acquiring an additional 461 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in JPMorgan Chase & Co. by 3.4% in the first quarter. Sunbelt Securities Inc. now owns 13,919 shares of the financial services provider’s stock valued at $1,531,000 after acquiring an additional 462 shares in the last quarter. Cadence Bank NA raised its holdings in JPMorgan Chase & Co. by 0.9% in the first quarter. Cadence Bank NA now owns 54,679 shares of the financial services provider’s stock valued at $6,013,000 after acquiring an additional 467 shares in the last quarter. Finally, Nwam LLC raised its holdings in JPMorgan Chase & Co. by 3.1% in the fourth quarter. Nwam LLC now owns 15,738 shares of the financial services provider’s stock valued at $1,683,000 after acquiring an additional 470 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

JPM has been the topic of a number of research reports. Keefe, Bruyette & Woods reissued a “$111.53” rating and set a $127.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, July 18th. Royal Bank of Canada reissued a “buy” rating and set a $120.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 16th. Credit Suisse Group set a $130.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Thursday, July 12th. DZ Bank raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Finally, UBS Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $120.23.

JPMorgan Chase & Co. stock opened at $116.14 on Wednesday. The stock has a market cap of $393.58 billion, a PE ratio of 16.91, a PEG ratio of 1.88 and a beta of 1.24. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01. JPMorgan Chase & Co. has a one year low of $88.08 and a one year high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, July 13th. The financial services provider reported $2.29 EPS for the quarter, topping the consensus estimate of $2.22 by $0.07. The business had revenue of $27.75 billion during the quarter, compared to analyst estimates of $27.62 billion. JPMorgan Chase & Co. had a net margin of 22.80% and a return on equity of 13.18%. equities research analysts predict that JPMorgan Chase & Co. will post 9.15 EPS for the current year.

In other news, Director Chase & Co Jpmorgan purchased 22,000 shares of the stock in a transaction dated Thursday, May 31st. The stock was acquired at an average price of $1,000.00 per share, for a total transaction of $22,000,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gordon Smith sold 30,725 shares of the company’s stock in a transaction dated Monday, July 23rd. The stock was sold at an average price of $114.01, for a total transaction of $3,502,957.25. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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