JPMorgan Chase & Co. $JPM Shares Acquired by Arete Wealth Advisors LLC

Key Points

• Arete Wealth Advisors LLC increased its holdings in JPMorgan Chase & Co. by 91.8% in Q1, now owning 67,873 shares worth approximately $16.65 million.
• JPMorgan Chase & Co. has received positive ratings from research analysts, with a consensus price target of $291.67 and several analysts giving a "buy" or "outperform" rating.
• The company's recent earnings report showed a EPS of $4.96, beating estimates, but revenue declined 10.5% year-over-year.

Arete Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 91.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,873 shares of the financial services provider's stock after acquiring an additional 32,490 shares during the period. JPMorgan Chase & Co. makes up about 1.2% of Arete Wealth Advisors LLC's investment portfolio, making the stock its 16th largest position. Arete Wealth Advisors LLC's holdings in JPMorgan Chase & Co. were worth $16,649,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JPM. MJT & Associates Financial Advisory Group Inc. bought a new stake in JPMorgan Chase & Co. in the first quarter worth about $28,000. University of Illinois Foundation purchased a new stake in shares of JPMorgan Chase & Co. in the first 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. bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $44,000. Finally, Minot DeBlois Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at $54,000. Institutional investors own 71.55% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on JPM. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Bank of America boosted their price objective on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Truist Financial raised their target price on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Citigroup set a $275.00 price target on shares of JPMorgan Chase & Co. and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and a consensus price target of $291.67.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the firm's 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 sale, the director owned 82,207 shares of the company's stock, valued at $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Up 1.0%

Shares of JPM traded up $2.86 during mid-day trading on Wednesday, hitting $300.71. The company's stock had a trading volume of 7,786,372 shares, compared to its average volume of 6,695,318. 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 company's 50-day moving average is $293.36 and its 200-day moving average is $266.44. JPMorgan Chase & Co. has a 52-week low of $201.83 and a 52-week high of $305.15. The firm has a market capitalization of $826.89 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.98 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. JPMorgan Chase & Co.'s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.12 earnings per share. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

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.