Disciplined Investments LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 5.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,914 shares of the financial services provider’s stock after buying an additional 486 shares during the period. Disciplined Investments LLC’s holdings in JPMorgan Chase & Co. were worth $1,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also added to or reduced their stakes in JPM. Adirondack Retirement Specialists Inc. raised its holdings in shares of JPMorgan Chase & Co. by 510.8% in the first quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 189 shares in the last quarter. Nordwand Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 1st quarter valued at about $30,000. Boulder Wealth Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $43,000. Capital Directions Investment Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $44,000. Finally, Sageworth Trust Co lifted its position in shares of JPMorgan Chase & Co. by 266.7% in the 1st quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 296 shares during the period. 70.10% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on JPM shares. BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a report on Tuesday, May 2nd. Citigroup lowered JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 price target for the company. in a research report on Wednesday, July 12th. Odeon Capital Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 target price for the company in a report on Friday, July 7th. Finally, Atlantic Securities raised their price target on shares of JPMorgan Chase & Co. from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Tuesday, August 1st. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $165.89.
JPMorgan Chase & Co. Stock Up 0.2 %
Shares of JPM stock opened at $148.97 on Monday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.90 and a current ratio of 0.90. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $159.38. The firm has a market capitalization of $432.92 billion, a PE ratio of 9.59, a P/E/G ratio of 1.91 and a beta of 1.10. The stock’s 50-day simple moving average is $149.14 and its 200-day simple moving average is $140.86.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings results on Friday, July 14th. The financial services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.75. The company had revenue of $42.40 billion for the quarter, compared to the consensus estimate of $38.66 billion. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. JPMorgan Chase & Co.’s quarterly revenue was up 34.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.76 EPS. Equities analysts expect that JPMorgan Chase & Co. will post 15.57 earnings per share for the current year.
Insider Activity at JPMorgan Chase & Co.
In related news, General Counsel Stacey Friedman sold 4,310 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $157.16, for a total value of $677,359.60. Following the completion of the transaction, the general counsel now owns 57,735 shares in the company, valued at approximately $9,073,632.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Douglas B. Petno sold 4,930 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $142.16, for a total value of $700,848.80. Following the completion of the sale, the chief executive officer now directly owns 277,161 shares in the company, valued at $39,401,207.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Stacey Friedman sold 4,310 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $157.16, for a total transaction of $677,359.60. Following the completion of the transaction, the general counsel now directly owns 57,735 shares in the company, valued at $9,073,632.60. The disclosure for this sale can be found here. Insiders sold a total of 13,593 shares of company stock worth $1,992,388 in the last three months. Company insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
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