JPMorgan Chase Sees Big Shifts in Institutional Investor Holdings

JPMorgan Chase & Co., one of the largest financial services providers in the world, has seen significant changes to its stock holdings by various institutional investors and hedge funds.

According to a recent SEC filing, Ibex Wealth Advisors cut their holdings in JPMorgan Chase & Co. by 64.9% during the second quarter, selling 16,383 shares and reducing their stake to 8,850 shares worth $2,897,000.

Norges Bank purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $11,396,496,000, while other investors like Bank of America Corp DE and Cardano Risk Management B.V. increased their positions in the company.

JPMorgan Chase & Co. has also seen its shares trading up 1.4% with a market capitalization of $947.21 billion and a P/E ratio of 15.27. The company's revenue for the quarter was up 27.7% compared to the same period last year, exceeding consensus estimates for both EPS and revenue.