Algorithmic Investment Models LLC Makes New Investment in JPMorgan Chase & Co. $JPM

Key Points

• Algorithmic Investment Models LLC has taken a new position in JPMorgan Chase & Co., acquiring 5,900 shares valued at approximately $1.45 million.
• Insider trading includes COO Jennifer Piepszak selling 6,128 shares for $1.61 million, and Director Linda Bammann selling 9,500 shares valued at $2.83 million.
• JPMorgan Chase recently reported earnings of $4.96 EPS, exceeding estimates, but also experienced a 10.5% decline in quarterly revenue year-over-year.

Algorithmic Investment Models LLC bought a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,900 shares of the financial services provider's stock, valued at approximately $1,447,000.

A number of other institutional investors have also added to or reduced their stakes in JPM. GAMMA Investing LLC increased its stake in JPMorgan Chase & Co. by 25,861.9% in the 1st quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock worth $5,778,289,000 after acquiring an additional 23,465,278 shares during the last quarter. Nuveen LLC bought a new position in JPMorgan Chase & Co. in the 1st quarter worth about $3,972,807,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in JPMorgan Chase & Co. by 31.4% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,684,810 shares of the financial services provider's stock worth $2,561,256,000 after acquiring an additional 2,551,899 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in JPMorgan Chase & Co. by 16.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,550,491 shares of the financial services provider's stock worth $4,207,028,000 after acquiring an additional 2,465,572 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in JPMorgan Chase & Co. in the 4th quarter worth about $454,042,000. 71.55% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Linda Bammann sold 9,500 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Trading Down 3.0%

JPM stock traded down $9.04 during trading on Friday, hitting $294.79. 9,831,520 shares of the company traded hands, compared to its average volume of 6,437,430. The firm has a market capitalization of $810.59 billion, a PE ratio of 15.12, a P/E/G ratio of 2.02 and a beta of 1.13. JPMorgan Chase & Co. has a 1 year low of $200.61 and a 1 year high of $305.15. The company has a 50-day moving average of $293.16 and a 200-day moving average of $266.12. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88.

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

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of research analyst reports. Royal Bank Of Canada set a $305.00 target price on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research note on Monday, June 30th. TD Cowen initiated coverage on JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a "buy" rating and a $305.00 price objective on the stock. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Finally, HSBC reiterated a "reduce" rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $291.67.

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.