Varma Mutual Pension Insurance Co Has $115.31 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Varma Mutual Pension Insurance Co lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 570,111 shares of the financial services provider’s stock after selling 21,289 shares during the period. JPMorgan Chase & Co. accounts for 0.9% of Varma Mutual Pension Insurance Co’s holdings, making the stock its 16th biggest holding. Varma Mutual Pension Insurance Co’s holdings in JPMorgan Chase & Co. were worth $115,311,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Wellington Wealth Strategies LLC. acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $1,145,000. Cooper Financial Group increased its stake in JPMorgan Chase & Co. by 12.8% in the first quarter. Cooper Financial Group now owns 8,693 shares of the financial services provider’s stock valued at $1,741,000 after purchasing an additional 984 shares in the last quarter. Spartan Planning & Wealth Management raised its holdings in shares of JPMorgan Chase & Co. by 257.3% during the fourth quarter. Spartan Planning & Wealth Management now owns 3,780 shares of the financial services provider’s stock valued at $643,000 after purchasing an additional 2,722 shares during the period. jvl associates llc boosted its position in shares of JPMorgan Chase & Co. by 59.8% during the 1st quarter. jvl associates llc now owns 1,911 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 715 shares in the last quarter. Finally, MMA Asset Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $207,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $204.32 on Friday. The stock has a 50 day moving average of $211.34 and a 200 day moving average of $200.80. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $225.48. The company has a market capitalization of $581.33 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 2.33 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.19 by $1.93. The firm had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period last year, the firm posted $4.37 EPS. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on JPM shares. BMO Capital Markets upped their price target on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Keefe, Bruyette & Woods increased their target price on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Tuesday, July 9th. Evercore ISI boosted their price target on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Robert W. Baird upped their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Finally, Morgan Stanley reduced their price objective on shares of JPMorgan Chase & Co. from $226.00 to $220.00 and set an “overweight” rating for the company in a report on Thursday. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $211.06.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.