AlphaQuest LLC Purchases New Shares in JPMorgan Chase & Co. $JPM

Key Points

• AlphaQuest LLC acquired a new position in JPMorgan Chase & Co. by purchasing 5,633 shares valued at approximately $1.38 million during the first quarter.
• Several other institutional investors have also made movements in JPM's stock, with 71.55% of the company's stock currently owned by institutional investors and hedge funds.
• JPMorgan Chase reported $4.96 EPS for the latest quarter, surpassing analysts' estimates, despite a 10.5% decrease in revenue year-over-year.

AlphaQuest LLC purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,633 shares of the financial services provider's stock, valued at approximately $1,382,000.

Several other large investors have also recently bought and sold shares of JPM. MJT & Associates Financial Advisory Group Inc. acquired a new position in JPMorgan Chase & Co. in the first quarter valued at approximately $28,000. University of Illinois Foundation bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $30,000. Curat Global LLC bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $33,000. Measured Risk Portfolios Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $44,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on JPM shares. Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Royal Bank Of Canada set a $305.00 price objective on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research report on Monday, June 30th. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Finally, Morgan Stanley raised their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $288.68.

Insider Buying and Selling

In related news, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the sale, the chief operating officer directly owned 62,455 shares in the company, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $295.9920 on Friday. JPMorgan Chase & Co. has a twelve month low of $200.61 and a twelve month high of $301.29. The stock's 50 day moving average is $288.92 and its 200 day moving average is $264.46. The company has a market capitalization of $813.90 billion, a P/E ratio of 15.19, a PEG ratio of 1.94 and a beta of 1.11. 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 posted its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same quarter in the previous year, the firm posted $6.12 EPS. The firm's revenue was down 10.5% on a year-over-year basis. On average, equities research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. 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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