Bfsg LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,850 shares of the financial services provider’s stock after buying an additional 390 shares during the quarter. Bfsg LLC’s holdings in JPMorgan Chase & Co. were worth $3,499,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Twin Lakes Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 0.5% in the 4th quarter. Twin Lakes Capital Management LLC now owns 13,786 shares of the financial services provider’s stock worth $1,849,000 after acquiring an additional 71 shares in the last quarter. Karpas Strategies LLC grew its position in shares of JPMorgan Chase & Co. by 0.3% in the fourth quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock valued at $2,898,000 after purchasing an additional 71 shares during the period. Oxler Private Wealth LLC increased its stake in shares of JPMorgan Chase & Co. by 0.9% during the fourth quarter. Oxler Private Wealth LLC now owns 8,158 shares of the financial services provider’s stock worth $1,094,000 after purchasing an additional 71 shares in the last quarter. Sanford Advisory Services LLC raised its position in shares of JPMorgan Chase & Co. by 2.4% during the 4th quarter. Sanford Advisory Services LLC now owns 3,176 shares of the financial services provider’s stock worth $426,000 after purchasing an additional 73 shares during the last quarter. Finally, Gould Asset Management LLC CA lifted its stake in JPMorgan Chase & Co. by 1.2% in the 4th quarter. Gould Asset Management LLC CA now owns 6,580 shares of the financial services provider’s stock valued at $882,000 after buying an additional 75 shares in the last quarter. 70.10% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on JPM. BMO Capital Markets lifted their price target on JPMorgan Chase & Co. from $169.00 to $170.00 in a research note on Tuesday, May 2nd. Piper Sandler increased their target price on shares of JPMorgan Chase & Co. from $158.00 to $168.00 in a research report on Monday, July 17th. Credit Suisse Group boosted their price target on shares of JPMorgan Chase & Co. from $160.00 to $170.00 in a research report on Monday, July 17th. Societe Generale lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Finally, Atlantic Securities upped their target price on JPMorgan Chase & Co. from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Tuesday, August 1st. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $165.89.
Insider Transactions at JPMorgan Chase & Co.
In related news, CEO Jennifer Piepszak sold 1,871 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $140.70, for a total value of $263,249.70. Following the completion of the transaction, the chief executive officer now directly owns 22,926 shares of the company’s stock, valued at $3,225,688.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Jennifer Piepszak sold 1,871 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $140.70, for a total transaction of $263,249.70. Following the completion of the sale, the chief executive officer now owns 22,926 shares in the company, valued at approximately $3,225,688.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Peter Scher sold 2,482 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $141.39, for a total transaction of $350,929.98. Following the completion of the transaction, the insider now owns 41,333 shares of the company’s stock, valued at approximately $5,844,072.87. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,593 shares of company stock valued at $1,992,388. Corporate insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Stock Up 0.2 %
Shares of NYSE:JPM opened at $148.97 on Monday. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $159.38. The firm’s 50 day moving average price is $149.14 and its 200 day moving average price is $140.86. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.28. The stock has a market cap of $432.92 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 1.91 and a beta of 1.10.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings results on Friday, July 14th. The financial services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.75. The company had revenue of $42.40 billion for the quarter, compared to analysts’ expectations of $38.66 billion. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. JPMorgan Chase & Co.’s quarterly revenue was up 34.1% on a year-over-year basis. During the same period last year, the firm earned $2.76 earnings per share. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 15.57 earnings per share for the current fiscal year.
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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