JPMorgan Chase & Co. $JPM Shares Acquired by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth LLC increased its stake in JPMorgan Chase & Co. by 4.8%, purchasing an additional 3,960 shares, bringing their total holdings to 86,973 shares.
• Analysts have set a price target range for JPMorgan Chase & Co., with Citigroup predicting $275.00 and Bank of America raising their target to $340.00, reflecting a generally optimistic sentiment.
• JPMorgan Chase reported an earnings per share (EPS) of $4.96 for the last quarter, exceeding estimates and showing a net margin of 20.52%, despite a 10.5% year-over-year revenue decline.

Ashton Thomas Private Wealth LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,973 shares of the financial services provider's stock after purchasing an additional 3,960 shares during the period. JPMorgan Chase & Co. accounts for about 0.8% of Ashton Thomas Private Wealth LLC's holdings, making the stock its 20th biggest position. Ashton Thomas Private Wealth LLC's holdings in JPMorgan Chase & Co. were worth $21,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $28,000. University of Illinois Foundation purchased a new stake in JPMorgan Chase & Co. in the 1st quarter worth approximately $30,000. Curat Global LLC purchased a new stake in JPMorgan Chase & Co. in the 1st quarter worth approximately $33,000. Measured Risk Portfolios Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $44,000. Finally, Minot DeBlois Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $54,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 1.6%

Shares of JPMorgan Chase & Co. stock traded up $4.79 during trading on Tuesday, reaching $297.70. The company had a trading volume of 7,844,109 shares, compared to its average volume of 6,731,510. The company has a market cap of $818.60 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 1.95 and a beta of 1.13. The firm's fifty day moving average is $293.21 and its 200-day moving average is $266.22. 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. has a fifty-two week low of $200.61 and a fifty-two week high of $305.15.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released 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. The firm had revenue of $44.91 billion for 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%. JPMorgan Chase & Co.'s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.12 earnings per share. On average, analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Wall Street Analyst Weigh In

JPM has been the topic of several research analyst reports. Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target on the stock. in a research report on Friday, June 27th. TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. TD Cowen initiated coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a "buy" rating and a $305.00 price target for the company. Finally, Phillip Securities cut shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and a consensus price target of $291.67.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the stock in a transaction that occurred on 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 in the company, valued at $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.47% of the company's stock.

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.