LGT Group Foundation Has $126.04 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

LGT Group Foundation boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 525,801 shares of the financial services provider's stock after purchasing an additional 14,300 shares during the period. JPMorgan Chase & Co. makes up approximately 2.0% of LGT Group Foundation's portfolio, making the stock its 11th biggest holding. LGT Group Foundation's holdings in JPMorgan Chase & Co. were worth $126,040,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Mizuho Securities Co. Ltd. acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $25,000. Midwest Capital Advisors LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $43,000. Peterson Financial Group Inc. purchased a new position in JPMorgan Chase & Co. during the third quarter worth approximately $45,000. Legacy Investment Solutions LLC acquired a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $45,000. Finally, Collier Financial purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 1.6 %

Shares of JPM stock traded down $3.59 during trading on Thursday, hitting $224.32. 16,456,214 shares of the stock traded hands, compared to its average volume of 8,869,782. The firm has a market capitalization of $627.21 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The firm's fifty day moving average price is $258.81 and its 200-day moving average price is $238.70.

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

Analyst Ratings Changes

JPM has been the subject of several recent analyst reports. Citigroup boosted their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a "neutral" rating in a report on Tuesday, November 19th. Barclays boosted their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Bank of America increased their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Oppenheimer lowered JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 20th. Finally, UBS Group increased their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and a consensus target price of $252.89.

Insiders Place Their Bets

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the sale, the chief executive officer now owns 158,381 shares of the company's stock, valued at $42,737,529.04. The trade was a 19.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares of the company's stock, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,326 shares of company stock worth $12,448,445 in the last 90 days. Corporate insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Company 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.