Advisory Alpha LLC Has $3.14 Million Position in JPMorgan Chase & Co. $JPM

Key Points

• Advisory Alpha LLC has increased its stake in JPMorgan Chase & Co. by 7.8%, now holding a total of 12,808 shares valued at approximately $3.14 million.
• Institutional investors and hedge funds collectively own 71.55% of JPMorgan's stock, reflecting ongoing confidence in the financial services provider among large investors.
• JPMorgan Chase reported strong quarterly earnings of $4.96 per share, exceeding analyst expectations, although its revenue was down 10.5% year-over-year.

Advisory Alpha LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 7.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 12,808 shares of the financial services provider's stock after purchasing an additional 922 shares during the quarter. Advisory Alpha LLC's holdings in JPMorgan Chase & Co. were worth $3,142,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in JPMorgan Chase & Co. in the 1st quarter worth approximately $28,000. University of Illinois Foundation bought a new position in JPMorgan Chase & Co. in the 1st quarter worth approximately $30,000. Curat Global LLC bought a new position in JPMorgan Chase & Co. in the 1st quarter worth approximately $33,000. Measured Risk Portfolios Inc. bought a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $44,000. Finally, Minot DeBlois Advisors LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $54,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction 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 sale, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on JPM shares. HSBC reaffirmed a "reduce" rating and issued a $259.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Morgan Stanley lifted their price target on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Phillip Securities downgraded JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Finally, Citigroup set a $275.00 price target on JPMorgan Chase & Co. and gave the stock a "buy" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and a consensus price target of $291.67.

JPMorgan Chase & Co. Stock Performance

JPM opened at $293.01 on Tuesday. The stock has a market cap of $805.70 billion, a PE ratio of 15.03, a P/E/G ratio of 1.96 and a beta of 1.13. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 1 year low of $200.61 and a 1 year high of $305.15. The stock's 50 day simple moving average is $293.21 and its 200-day simple moving average is $266.22.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data 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 business had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. During the same period in the previous year, the business posted $6.12 earnings per share. JPMorgan Chase & Co.'s quarterly revenue was down 10.5% on a year-over-year basis. Sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Company Profile

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.

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