BOS Asset Management LLC Has $3.17 Million Stock Holdings in JPMorgan Chase & Co. $JPM

Key Points

• BOS Asset Management LLC has increased its stake in JPMorgan Chase & Co. by 10.1%, owning 12,908 shares valued at approximately $3.17 million, making it the firm's 24th largest holding.
• JPMorgan Chase reported earnings per share of $4.96 for the last quarter, exceeding analysts' estimates of $4.48, despite a 10.5% decline in year-over-year revenue.
• Analysts have mixed ratings for JPMorgan Chase, with price target increases from firms like Wells Fargo and Morgan Stanley, while other firms like Zacks have downgraded their rating to "hold".

BOS Asset Management LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 10.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,908 shares of the financial services provider's stock after buying an additional 1,182 shares during the period. JPMorgan Chase & Co. accounts for 1.1% of BOS Asset Management LLC's portfolio, making the stock its 24th largest holding. BOS Asset Management LLC's holdings in JPMorgan Chase & Co. were worth $3,166,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. WBI Investments LLC acquired a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $333,000. Indiana Trust & Investment Management Co grew its holdings in JPMorgan Chase & Co. by 3.0% during the first quarter. Indiana Trust & Investment Management Co now owns 30,398 shares of the financial services provider's stock valued at $7,457,000 after purchasing an additional 875 shares during the last quarter. MBL Wealth LLC grew its holdings in JPMorgan Chase & Co. by 1.5% during the first quarter. MBL Wealth LLC now owns 10,134 shares of the financial services provider's stock valued at $2,486,000 after purchasing an additional 147 shares during the last quarter. Reliant Investment Partners LLC grew its holdings in JPMorgan Chase & Co. by 18.0% during the first quarter. Reliant Investment Partners LLC now owns 2,597 shares of the financial services provider's stock valued at $637,000 after purchasing an additional 396 shares during the last quarter. Finally, McAdam LLC grew its holdings in JPMorgan Chase & Co. by 2.8% during the first quarter. McAdam LLC now owns 4,934 shares of the financial services provider's stock valued at $1,210,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock traded up $1.12 during mid-day trading on Monday, hitting $308.03. 1,631,819 shares of the company were exchanged, compared to its average volume of 9,576,785. 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 business has a fifty day moving average of $293.94 and a 200 day moving average of $267.44. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $309.95. The company has a market capitalization of $847.00 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 2.04 and a beta of 1.13.

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 (EPS) 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 in the prior year, the company posted $6.12 earnings per share. The business's revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the stock in a transaction on 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 completion of the transaction, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on JPM shares. Baird R W downgraded JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target on the stock. in a report on Friday, June 27th. Morgan Stanley increased their price target on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Royal Bank Of Canada set a $305.00 price target on JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, June 30th. Finally, Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $291.67.

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.