JPMorgan Chase & Co. (NYSE:JPM) is Patten Group Inc.’s 10th Largest Position

Patten Group Inc. lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 31,644 shares of the financial services provider’s stock after selling 1,074 shares during the quarter. JPMorgan Chase & Co. comprises 1.7% of Patten Group Inc.’s investment portfolio, making the stock its 10th largest holding. Patten Group Inc.’s holdings in JPMorgan Chase & Co. were worth $7,585,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mizuho Securities Co. Ltd. bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $25,000. Midwest Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $43,000. Peterson Financial Group Inc. bought a new stake in JPMorgan Chase & Co. in the 3rd quarter worth approximately $45,000. Legacy Investment Solutions LLC bought a new stake in JPMorgan Chase & Co. in the 3rd quarter worth approximately $45,000. Finally, Collier Financial bought a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Activity

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the transaction, the chief executive officer now owns 158,381 shares in the company, valued at $42,737,529.04. The trade was a 19.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jennifer Piepszak sold 4,273 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the transaction, the chief operating officer now owns 54,469 shares of the company’s stock, valued at approximately $14,698,459.65. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,326 shares of company stock valued at $12,448,445 in the last ninety days. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $224.32 on Friday. The stock has a market capitalization of $627.21 billion, a P/E ratio of 11.36, a P/E/G ratio of 2.83 and a beta of 1.10. The stock has a 50-day moving average price of $258.50 and a 200 day moving average price of $238.60. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. The business had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the company earned $3.04 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Analysts Set New Price Targets

JPM has been the subject of a number of recent research reports. Truist Financial boosted their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research note on Friday, January 3rd. Piper Sandler boosted their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Citigroup upped their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $252.89.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of 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.