BIP Wealth LLC bought a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,925 shares of the financial services provider’s stock, valued at approximately $381,000.
A number of other institutional investors and hedge funds have also modified their holdings of JPM. Athena Investment Management boosted its holdings in shares of JPMorgan Chase & Co. by 0.5% during the 1st quarter. Athena Investment Management now owns 28,401 shares of the financial services provider’s stock valued at $3,701,000 after acquiring an additional 154 shares during the last quarter. Disciplined Investments LLC lifted its position in JPMorgan Chase & Co. by 5.2% during the first quarter. Disciplined Investments LLC now owns 9,914 shares of the financial services provider’s stock valued at $1,292,000 after purchasing an additional 486 shares during the period. Duff & Phelps Investment Management Co. boosted its holdings in JPMorgan Chase & Co. by 0.9% in the first quarter. Duff & Phelps Investment Management Co. now owns 31,965 shares of the financial services provider’s stock worth $4,165,000 after purchasing an additional 300 shares during the last quarter. Qsemble Capital Management LP bought a new stake in JPMorgan Chase & Co. in the 1st quarter worth approximately $938,000. Finally, Bank of Hawaii grew its position in JPMorgan Chase & Co. by 9.7% in the 1st quarter. Bank of Hawaii now owns 65,083 shares of the financial services provider’s stock worth $8,481,000 after purchasing an additional 5,774 shares during the period. Institutional investors own 70.10% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on JPM. 888 reissued a “maintains” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 26th. Societe Generale downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $174.00 to $180.00 in a research note on Monday, July 17th. Atlantic Securities increased their price objective on shares of JPMorgan Chase & Co. from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 1st. Finally, Evercore ISI cut their target price on shares of JPMorgan Chase & Co. from $155.00 to $151.00 in a research report on Friday, May 12th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $165.89.
Insider Activity
In related news, CEO Douglas B. Petno sold 4,930 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $142.16, for a total transaction of $700,848.80. Following the completion of the transaction, the chief executive officer now directly owns 277,161 shares of the company’s stock, valued at $39,401,207.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other JPMorgan Chase & Co. 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 transaction of $700,848.80. Following the completion of the transaction, the chief executive officer now owns 277,161 shares of the company’s stock, valued at approximately $39,401,207.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jennifer Piepszak sold 1,871 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $140.70, for a total value of $263,249.70. Following the transaction, the chief executive officer now owns 22,926 shares of the company’s stock, valued at approximately $3,225,688.20. The disclosure for this sale can be found here. Insiders have sold a total of 13,593 shares of company stock worth $1,992,388 over the last quarter. Insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Price Performance
Shares of JPMorgan Chase & Co. stock opened at $148.97 on Monday. The company has a market capitalization of $432.92 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.91 and a beta of 1.10. 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’s 50-day simple moving average is $149.14 and its 200-day simple moving average is $140.86. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $159.38.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its earnings results on Friday, July 14th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.75. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The company had revenue of $42.40 billion for the quarter, compared to the consensus estimate of $38.66 billion. During the same quarter last year, the company earned $2.76 EPS. The firm’s quarterly revenue was up 34.1% on a year-over-year basis. As a group, analysts expect 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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