Athena Investment Management raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 0.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,401 shares of the financial services provider’s stock after purchasing an additional 154 shares during the period. JPMorgan Chase & Co. accounts for 2.7% of Athena Investment Management’s portfolio, making the stock its 6th largest position. Athena Investment Management’s holdings in JPMorgan Chase & Co. were worth $3,701,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Adirondack Retirement Specialists Inc. grew its position in JPMorgan Chase & Co. by 510.8% during the 1st quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 189 shares during the last quarter. Nordwand Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the first quarter worth approximately $30,000. Boulder Wealth Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $43,000. Capital Directions Investment Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $44,000. Finally, Sageworth Trust Co raised its holdings in 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 acquiring an additional 296 shares during the last quarter. 70.10% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, General Counsel Stacey Friedman sold 4,310 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $157.16, for a total transaction of $677,359.60. Following the sale, the general counsel now directly owns 57,735 shares in the company, valued at approximately $9,073,632.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Douglas B. Petno sold 4,930 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $142.16, for a total value of $700,848.80. Following the transaction, 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 hyperlink. Also, General Counsel Stacey Friedman sold 4,310 shares of the 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 sale, the general counsel now owns 57,735 shares of the company’s stock, valued at approximately $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 over the last three months. 0.79% of the stock is currently owned by company insiders.
JPMorgan Chase & Co. Stock Performance
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings data 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. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The firm had revenue of $42.40 billion for the quarter, compared to analysts’ expectations of $38.66 billion. During the same period in the previous year, the firm earned $2.76 EPS. The business’s quarterly revenue was up 34.1% on a year-over-year basis. Analysts forecast that JPMorgan Chase & Co. will post 15.57 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts have commented on the company. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $174.00 to $180.00 in a research note on Monday, July 17th. Credit Suisse Group increased their price objective on JPMorgan Chase & Co. from $160.00 to $170.00 in a research report on Monday, July 17th. 888 reissued a “maintains” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 26th. Citigroup downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 price target on the stock. in a report on Wednesday, July 12th. Finally, Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $179.00 to $182.00 in a report on Sunday, July 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.89.
Read Our Latest Stock Analysis on JPMorgan Chase & Co.
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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