Blue Rock Wealth Management LLC Acquires New Position in JPMorgan Chase & Co. $JPM

Key Points

• Blue Rock Wealth Management LLC has acquired a new stake in JPMorgan Chase & Co., purchasing 3,559 shares valued at approximately $869,000.
• Other significant institutional investors, including GAMMA Investing LLC and National Bank of Canada FI, have dramatically increased their holdings in JPMorgan Chase, with GAMMA raising its stake by 25,861.9% in the first quarter.
• JPMorgan Chase recently reported earnings of $4.96 EPS for the quarter, exceeding analyst expectations, although revenue decreased by 10.5% compared to the previous year.

Blue Rock Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 3,559 shares of the financial services provider's stock, valued at approximately $869,000.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on JPM shares. Evercore ISI set a $298.00 price objective on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a research report on Monday, July 7th. Wells Fargo & Company increased 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. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. HSBC reiterated a "reduce" rating and set a $259.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Finally, TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and an average price target of $291.67.

JPMorgan Chase & Co. Stock Up 0.4%

Shares of JPMorgan Chase & Co. stock traded up $1.32 during trading hours on Friday, reaching $306.88. 6,845,781 shares of the company's stock were exchanged, compared to its average volume of 6,744,668. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $307.55. The stock has a market cap of $843.84 billion, a P/E ratio of 15.75, a P/E/G ratio of 2.03 and a beta of 1.13. The company has a 50 day moving average of $293.94 and a two-hundred day moving average of $267.32. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.48 by $0.48. The business 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 was down 10.5% on a year-over-year basis. During the same period last year, the business posted $6.12 EPS. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the transaction, the director directly owned 82,207 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Corporate insiders own 0.47% of the company's stock.

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.