JPMorgan Chase & Co. $JPM Shares Acquired by 5th Street Advisors LLC

Key Points

• 5th Street Advisors LLC increased its stake in JPMorgan Chase & Co. by 19.5% during the 1st quarter, holding a total of 7,072 shares valued at approximately $1.74 million.
• JPMorgan Chase's stock price opened at $301.46, with a recent market cap of $828.94 billion and a twelve-month high of $302.95.
• Analysts have mixed ratings on the stock, with a consensus price target of $288.68 and one analyst issuing a Strong Buy rating.

5th Street Advisors LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 19.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,072 shares of the financial services provider's stock after buying an additional 1,154 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.8% of 5th Street Advisors LLC's holdings, making the stock its 26th largest holding. 5th Street Advisors LLC's holdings in JPMorgan Chase & Co. were worth $1,735,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after purchasing an additional 4,841 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in shares of JPMorgan Chase & Co. by 0.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock worth $46,068,000 after purchasing an additional 1,229 shares during the period. Highview Capital Management LLC DE grew its holdings in shares of JPMorgan Chase & Co. by 16.1% during the 4th quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock worth $3,266,000 after purchasing an additional 1,893 shares during the period. KKM Financial LLC grew its holdings in shares of JPMorgan Chase & Co. by 3.9% during the 4th quarter. KKM Financial LLC now owns 16,854 shares of the financial services provider's stock worth $4,040,000 after purchasing an additional 640 shares during the period. Finally, Algert Global LLC grew its holdings in shares of JPMorgan Chase & Co. by 11.8% during the 4th quarter. Algert Global LLC now owns 16,000 shares of the financial services provider's stock worth $3,835,000 after purchasing an additional 1,690 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Activity

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, the director directly owned 82,207 shares of the company's stock, valued at $24,492,753.58. This represents a 10.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.47% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JPM. Citigroup set a $275.00 target price on JPMorgan Chase & Co. and gave the stock a "buy" rating in a report on Monday, July 7th. Morgan Stanley boosted their target price on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Hsbc Global Res cut JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. TD Cowen initiated coverage on JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a "buy" rating and a $305.00 target price for the company. Finally, TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and an average price target of $291.67.

JPMorgan Chase & Co. Stock Up 1.4%

Shares of JPM traded up $4.32 during trading on Thursday, reaching $303.83. The company's stock had a trading volume of 6,603,390 shares, compared to its average volume of 9,678,998. The company has a fifty day moving average of $292.71 and a two-hundred day moving average of $265.82. JPMorgan Chase & Co. has a twelve month low of $200.61 and a twelve month high of $304.43. The company has a market cap of $835.45 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 2.00 and a beta of 1.13. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The company had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. During the same period in the prior year, the company posted $6.12 EPS. JPMorgan Chase & Co.'s quarterly revenue was down 10.5% on a year-over-year basis. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.