Brooklyn Investment Group Has $6.26 Million Stock Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Brooklyn Investment Group increased its holdings in JPMorgan Chase & Co. by 32.2%, owning 25,509 shares worth approximately $6.26 million, making this stock their 9th largest position.
• JPMorgan Chase reported quarterly earnings of $4.96 per share, exceeding expectations, with revenues of $44.91 billion, despite a 10.5% year-over-year decline.
• Institutional investors collectively own 71.55% of JPMorgan's stock, while analysts have varied ratings, indicating a consensus of "Moderate Buy" with a target price around $288.68.

Brooklyn Investment Group increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 32.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,509 shares of the financial services provider's stock after purchasing an additional 6,212 shares during the period. JPMorgan Chase & Co. accounts for 1.4% of Brooklyn Investment Group's investment portfolio, making the stock its 9th largest holding. Brooklyn Investment Group's holdings in JPMorgan Chase & Co. were worth $6,257,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of JPM. MJT & Associates Financial Advisory Group Inc. purchased a new position in JPMorgan Chase & Co. during the 1st quarter valued at about $28,000. University of Illinois Foundation purchased a new position in JPMorgan Chase & Co. during the 1st quarter valued at about $30,000. Curat Global LLC purchased a new position in JPMorgan Chase & Co. during the 1st quarter valued at about $33,000. Measured Risk Portfolios Inc. purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $44,000. Finally, Minot DeBlois Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $54,000. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 0.4%

Shares of JPM traded down $1.1610 during mid-day trading on Tuesday, hitting $290.3690. The company had a trading volume of 6,028,918 shares, compared to its average volume of 7,571,084. The business's 50-day simple moving average is $287.35 and its 200-day simple moving average is $263.91. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 1-year low of $200.61 and a 1-year high of $301.29. The stock has a market cap of $798.44 billion, a PE ratio of 14.90, a P/E/G ratio of 1.94 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. The firm had revenue of $44.91 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $6.12 earnings per share. Sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insider Activity

In related news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the sale, the chief operating officer owned 62,455 shares in the company, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.47% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a "buy" rating and a $305.00 target price for the company. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Keefe, Bruyette & Woods raised their price target on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Morgan Stanley raised their price target on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Finally, Baird R W cut shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. 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 issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $288.68.

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.