Caxton Associates LLP Invests $72.05 Million in JPMorgan Chase & Co. $JPM

Key Points

• Caxton Associates LLP has acquired 293,738 shares of JPMorgan Chase & Co., valued at approximately $72 million, making it the firm's 8th largest holding at 2.5% of their portfolio.
• JPMorgan Chase reported earnings of $4.96 per share, surpassing analysts' estimates, although revenue dropped 10.5% year-over-year.
• Major financial institutions have recently increased or established their stakes in JPMorgan Chase, highlighting growing investor interest in the company.

Caxton Associates LLP bought a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 293,738 shares of the financial services provider's stock, valued at approximately $72,054,000. JPMorgan Chase & Co. comprises about 2.5% of Caxton Associates LLP's investment portfolio, making the stock its 8th biggest position.

Several other large investors also recently modified their holdings of JPM. Brighton Jones LLC grew its stake in shares of JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after purchasing an additional 4,841 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock worth $46,068,000 after purchasing an additional 1,229 shares during the last quarter. Highview Capital Management LLC DE grew its stake in shares of JPMorgan Chase & Co. by 16.1% in the fourth quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock worth $3,266,000 after purchasing an additional 1,893 shares during the last quarter. KKM Financial LLC grew its stake in shares of JPMorgan Chase & Co. by 3.9% in the fourth quarter. KKM Financial LLC now owns 16,854 shares of the financial services provider's stock worth $4,040,000 after purchasing an additional 640 shares during the last quarter. Finally, Crestline Management LP grew its stake in shares of JPMorgan Chase & Co. by 5.9% in the fourth quarter. Crestline Management LP now owns 1,800 shares of the financial services provider's stock worth $431,000 after purchasing an additional 100 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on JPM. Keefe, Bruyette & Woods lifted their price objective on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Phillip Securities cut JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada set a $305.00 price objective on JPMorgan Chase & Co. and gave the company an "outperform" rating in a research report on Monday, June 30th. Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Finally, Hsbc Global Res cut JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and a consensus target price of $291.67.

JPMorgan Chase & Co. Stock Up 0.5%

JPM stock traded up $1.41 during midday trading on Friday, hitting $306.97. The company's stock had a trading volume of 2,683,014 shares, compared to its average volume of 9,599,007. The company has a market cap of $844.08 billion, a PE ratio of 15.75, a P/E/G ratio of 2.00 and a beta of 1.13. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $307.07. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm's 50-day moving average is $293.72 and its 200-day moving average is $266.98.

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, beating the consensus estimate of $4.48 by $0.48. The business had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm's quarterly revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $6.12 EPS. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value 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 represents a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company 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.