JPMorgan Chase & Co. (JPM) Investing Heavily in Blockchain, Big Data, and Robotics


JPMorgan Chase & Co. (NYSE:JPM) understands that the future of banking lies in technology. The company wants to continue their heavy investment into technologies such as bloackchain (the software platform that Bitcoin runs off of), big data and robotics.

“As we look ahead to 2016, one of our major priorities will be to aggressively pursue the innovative technologies that we have been making investments in. Internal working groups have made significant advances this year and will be provided even more freedom to develop market-leading platforms in 2016,” the company recently stated.

The banking industry is undergoing massive change, and those companies who fail to invest heavily in the technologies which will power the future of money transfer and banking will be left in the dust. The stock decreased 2.81% or $1.86 on December 18, hitting $64.42. About 23.82 million shares traded hands or 67.16% up from the average. JPM has declined 3.04% since May 18, 2015 and is downtrending. It has underperformed the S&P500 by 0.78%.

From a total of 13 analysts covering JPMorgan Chase & Co (NYSE:JPM) stock, 13 rate it a “Buy”, 0 a “Sell”, and 0 a “Hold”. This means that 100% of the ratings are positive. The highest target price is $79 while the lowest target price is $70. The mean of all analyst targets is $74.30 which is 15.34% above today’s ($64.42) stock price. JPMorgan Chase & Co was the topic of 19 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Argus Research maintained shares on October 14 with a “Buy” rating. Vetr upgraded shares to a”Buy” rating and a $71.88 target share price in their report from a September 1. Jefferies maintained JPM stock in a recent report from October 7 with a “Buy” rating. Credit Agricole upgraded the rating on August 25. Credit Agricole has a “Outperform” rating and a $78.0 price target on shares. Finally, BMO Capital Markets upgraded the stock to a “Outperform” rating in a report they issued on a September 16.

The institutional sentiment decreased to 1.1 in Q2 2015. It’s down 0.04, from 1.14 in 2015Q2. The ratio dived, as 83 funds sold all their JPMorgan Chase & Co. shares they owned while 666 reduced their positions. 89 funds bought stakes while 734 increased their total positions. Institutions now own 2.71 billion shares which is 0.70% less than the previous share count of 2.73 billion in 2015Q2.

Yale University holds 34.82% of its total portfolio in JPMorgan Chase & Co., equating to 3.41 million shares. Western Asset Management Co owns 320,000 shares representing 17.13% of their total US portfolio. Moreover, Tegean Capital Management Llc has 13.66% of their total portfolio invested in the company, equating to 300,000 shares. The United Kingdom-based Lloyds Banking Group Plc has a total of 13.04% of their portfolio invested in the stock. Prosiris Capital Management Lp, a New York-based fund reported 351,721 shares owned.

Since April 15, 2015, the stock had 0 insider purchases, and 7 insider sales for a total of $6.71 million in net activity. O’donovan Mark sold 1,144 shares worth $72,846. Jackson Laban sold 400 shares worth $415,124. Cutler Stephen M sold 7,217 shares worth $437,532. Bacon Ashley sold 32,882 shares worth $2.27M. The insider Erdoes Mary E. sold 13,022 shares worth $899,426.

JPMorgan Chase & Co. is a financial holding company. The company has a market cap of $237.06 billion. The Firm is engaged in investment banking, financial services for clients and small businesses, commercial banking, financial transaction processing and asset management. It has 10.98 P/E ratio. JPMorgan Chase’s activities are organized into four business divisions.