Qsemble Capital Management LP purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the first quarter, according to its most recent filing with the SEC. The firm purchased 7,200 shares of the financial services provider’s stock, valued at approximately $938,000.
Several other hedge funds have also recently made changes to their positions in JPM. Adirondack Retirement Specialists Inc. raised its position in shares of JPMorgan Chase & Co. by 510.8% during the first quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 189 shares during the period. Nordwand Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 1st quarter valued at $30,000. Boulder Wealth Advisors LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $43,000. Capital Directions Investment Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $44,000. Finally, Sageworth Trust Co grew its holdings in shares of JPMorgan Chase & Co. by 266.7% during the first quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock valued at $53,000 after buying an additional 296 shares during the last quarter. 70.10% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on JPM shares. Oppenheimer dropped their price target on shares of JPMorgan Chase & Co. from $227.00 to $219.00 and set an “outperform” rating on the stock in a research report on Friday. Jefferies Financial Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price objective for the company from $149.00 to $165.00 in a research note on Tuesday, July 11th. Societe Generale downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. 888 reissued a “maintains” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 26th. 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 research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $165.89.
JPMorgan Chase & Co. Stock Up 0.2 %
JPM stock opened at $148.97 on Monday. The business’s 50-day moving average price is $149.14 and its 200-day moving average price is $140.86. The stock has a market cap of $432.92 billion, a P/E 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. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $159.38.
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, beating the consensus estimate of $3.62 by $0.75. The business 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%. The company’s revenue for the quarter was up 34.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.76 earnings per share. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 15.57 EPS for the current year.
Insider Activity at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the stock in a transaction on 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 sale, 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 Securities & Exchange Commission, which is available at this link. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the stock in a transaction that occurred 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 completion of the sale, the general counsel now directly owns 57,735 shares of the company’s stock, valued at approximately $9,073,632.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas B. Petno sold 4,930 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was 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 in the company, valued at approximately $39,401,207.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,593 shares of company stock worth $1,992,388. 0.79% of the stock is owned by corporate insiders.
About JPMorgan Chase & Co.
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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