JPMorgan Chase & Co. $JPM Shares Purchased by Aprio Wealth Management LLC

Key Points

• Aprio Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 6.3%, now owning 16,527 shares valued at $4.05 million at the end of the first quarter.
• Several institutional investors have also purchased new stakes in JPMorgan, with a notable ownership of 71.55% coming from such investors.
• Analysts have mixed ratings on JPMorgan Chase, with the current average rating being a "Moderate Buy" and a consensus target price set at $291.67.

Aprio Wealth Management LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,527 shares of the financial services provider's stock after purchasing an additional 982 shares during the quarter. Aprio Wealth Management LLC's holdings in JPMorgan Chase & Co. were worth $4,054,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of JPM. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $28,000. University of Illinois Foundation purchased a new position in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $30,000. Curat Global LLC purchased a new position in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $33,000. Measured Risk Portfolios Inc. purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $44,000. Finally, Minot DeBlois Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $54,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the transaction, the director directly owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Down 3.0%

Shares of JPM stock traded down $9.04 during mid-day trading on Friday, reaching $294.79. The company's stock had a trading volume of 9,831,520 shares, compared to its average volume of 6,437,430. The company's 50 day simple moving average is $293.16 and its 200-day simple moving average is $266.12. JPMorgan Chase & Co. has a 12-month low of $200.61 and a 12-month high of $305.15. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $810.59 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 2.02 and a beta of 1.13.

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

Wall Street Analyst Weigh In

JPM has been the topic of several recent analyst reports. Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. HSBC reaffirmed a "reduce" rating and set a $259.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. TD Cowen began coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a "buy" rating and a $305.00 price target on the stock. Finally, Wall Street Zen raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and a consensus price target of $291.67.

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.