Ameriflex Group Inc. Has $1.84 Million Stake in JPMorgan Chase & Co. $JPM

Key Points

• Ameriflex Group Inc. increased its stake in JPMorgan Chase & Co. by 52.8% in Q1, holding a total of 7,499 shares worth approximately $1.84 million.
• Institutional investors and hedge funds own 71.55% of JPMorgan's shares, indicating significant institutional interest in the company.
• Recent analyst ratings show a mixed outlook for JPMorgan Chase & Co., with target prices ranging from $290.00 to $325.00, reflecting both hold and buy sentiments.

Ameriflex Group Inc. lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 52.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,499 shares of the financial services provider's stock after acquiring an additional 2,591 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.8% of Ameriflex Group Inc.'s portfolio, making the stock its 25th biggest position. Ameriflex Group Inc.'s holdings in JPMorgan Chase & Co. were worth $1,840,000 at the end of the most recent reporting period.

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

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 completion of the sale, the chief operating officer directly owned 62,455 shares of the company's stock, valued at $16,392,563.85. The trade was a 8.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.47% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on JPM shares. Truist Financial lifted their target price on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a report on Wednesday, July 9th. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Baird R W downgraded JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. Finally, Royal Bank Of Canada set a $305.00 price objective on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $288.68.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $301.46 on Monday. The stock has a 50-day moving average price of $291.59 and a 200-day moving average price of $265.18. JPMorgan Chase & Co. has a 1-year low of $200.61 and a 1-year high of $302.95. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a market cap of $828.94 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 2.00 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same period last year, the company posted $6.12 EPS. The business's quarterly revenue was down 10.5% on a year-over-year basis. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current 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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