Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 194.92MM shares of JPMorgan Chase & Co. (JPM). This represents 6.6% of the company.
In their previous filing dated February 1, 2022 they reported 192.25MM shares and 6.50% of the company, an increase in shares of 1.39% and an increase in total ownership of 0.10% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 9.07% Upside
As of February 7, 2023, the average one-year price target for JPMorgan Chase & is $154.79. The forecasts range from a low of $131.30 to a high of $198.45. The average price target represents an increase of 9.07% from its latest reported closing price of $141.92.
The projected annual revenue for JPMorgan Chase & is $142,687MM, an increase of 16.66%. The projected annual EPS is $13.00, an increase of 7.42%.
Fund Sentiment
There are 4913 funds or institutions reporting positions in JPMorgan Chase &. This is an increase of 87 owner(s) or 1.80%.
Average portfolio weight of all funds dedicated to US:JPM is 1.0707%, an increase of 4.4575%. Total shares owned by institutions increased in the last three months by 1.45% to 2,299,858K shares.
What are large shareholders doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 87,486,863 shares representing 2.98% ownership of the company. In it's prior filing, the firm reported owning 86,487,765 shares, representing an increase of 1.14%. The firm decreased its portfolio allocation in JPM by 2.15% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 66,478,264 shares representing 2.27% ownership of the company. In it's prior filing, the firm reported owning 65,008,768 shares, representing an increase of 2.21%. The firm decreased its portfolio allocation in JPM by 1.87% over the last quarter.
Bank Of America holds 53,389,270 shares representing 1.82% ownership of the company. In it's prior filing, the firm reported owning 56,638,928 shares, representing a decrease of 6.09%. The firm decreased its portfolio allocation in JPM by 8.12% over the last quarter.
Geode Capital Management holds 50,166,300 shares representing 1.71% ownership of the company. In it's prior filing, the firm reported owning 49,183,010 shares, representing an increase of 1.96%. The firm decreased its portfolio allocation in JPM by 1.91% over the last quarter.
Capital International Investors holds 40,174,945 shares representing 1.37% ownership of the company. In it's prior filing, the firm reported owning 30,472,203 shares, representing an increase of 24.15%. The firm increased its portfolio allocation in JPM by 31.18% over the last quarter.
JPMorgan Chase & Background Information
(This description is provided by the company.)
JPMorgan Chase & Co. is a leading global financial services firm with assets of $3.4 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
