Brasada Capital Management LP Increases Stake in JPMorgan Chase & Co. $JPM

Key Points

• Brasada Capital Management LP increased its holdings in JPMorgan Chase & Co. by 9.0% during Q1, owning 14,342 shares valued at approximately $3.5 million.
• JPMorgan Chase & Co. reported earnings of $4.96 per share for the last quarter, surpassing expectations of $4.48, despite a 10.5% decline year-over-year in revenue.
• Analyst ratings on JPMorgan Chase & Co. are mixed, with a current average rating of "Moderate Buy" and varied price targets ranging from $235.00 to $340.00.

Brasada Capital Management LP raised its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 9.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 14,342 shares of the financial services provider's stock after purchasing an additional 1,183 shares during the period. Brasada Capital Management LP's holdings in JPMorgan Chase & Co. were worth $3,518,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Second Line Capital LLC lifted its holdings in JPMorgan Chase & Co. by 3.1% in the 1st quarter. Second Line Capital LLC now owns 22,308 shares of the financial services provider's stock valued at $5,472,000 after purchasing an additional 666 shares in the last quarter. Hayek Kallen Investment Management raised its holdings in shares of JPMorgan Chase & Co. by 0.9% during the 1st quarter. Hayek Kallen Investment Management now owns 27,698 shares of the financial services provider's stock worth $6,794,000 after acquiring an additional 249 shares during the period. Sculptor Capital LP raised its holdings in shares of JPMorgan Chase & Co. by 31.7% during the 1st quarter. Sculptor Capital LP now owns 228,300 shares of the financial services provider's stock worth $56,002,000 after acquiring an additional 55,000 shares during the period. Centric Wealth Management raised its holdings in shares of JPMorgan Chase & Co. by 12.8% during the 1st quarter. Centric Wealth Management now owns 14,793 shares of the financial services provider's stock worth $3,629,000 after acquiring an additional 1,680 shares during the period. Finally, Connecticut Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 3.2% during the 1st quarter. Connecticut Wealth Management LLC now owns 23,719 shares of the financial services provider's stock worth $5,818,000 after acquiring an additional 742 shares during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 0.7%

NYSE JPM traded down $2.05 during trading on Tuesday, hitting $299.37. The stock had a trading volume of 7,218,213 shares, compared to its average volume of 9,716,733. The company has a market capitalization of $823.19 billion, a PE ratio of 15.36, a PEG ratio of 2.00 and a beta of 1.13. 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 50 day moving average price of $292.05 and a 200 day moving average price of $265.36. JPMorgan Chase & Co. has a twelve month low of $200.61 and a twelve month high of $302.95.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 16.93% and a net margin of 20.52%.JPMorgan Chase & Co.'s revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $6.12 EPS. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

JPM has been the topic of several analyst reports. Truist Financial lifted their price target on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a report on Wednesday, July 9th. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Finally, Royal Bank Of Canada set a $305.00 price target on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, June 30th. 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $288.68.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the transaction, the chief operating officer directly owned 62,455 shares of the company's stock, valued at $16,392,563.85. The trade was a 8.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.47% of the stock is currently owned by corporate insiders.

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.