JPMorgan Chase & Co. $JPM Shares Purchased by Cookson Peirce & Co. Inc.

Key Points

• Cookson Peirce & Co. Inc. has increased its stake in JPMorgan Chase & Co. by 13.4%, now owning 11,665 shares valued at approximately $2.86 million.
• JPMorgan Chase & Co. received mixed reviews from analysts, with targets ranging from $259.00 to $325.00, and a consensus rating indicating a "Moderate Buy."
• The company reported $4.96 EPS for the last quarter, exceeding analysts' estimates, but its revenue fell by 10.5% year-over-year.

Cookson Peirce & Co. Inc. raised its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 13.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,665 shares of the financial services provider's stock after buying an additional 1,379 shares during the period. Cookson Peirce & Co. Inc.'s holdings in JPMorgan Chase & Co. were worth $2,862,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in JPMorgan Chase & Co. in the first quarter valued at $28,000. University of Illinois Foundation purchased a new position in JPMorgan Chase & Co. in the first quarter valued at $30,000. Curat Global LLC purchased a new position in JPMorgan Chase & Co. in the first quarter valued at $33,000. Measured Risk Portfolios Inc. purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at $44,000. Finally, Minot DeBlois Advisors LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

NYSE JPM traded up $1.5240 during trading hours on Wednesday, hitting $292.1840. 7,372,310 shares of the company's stock traded hands, compared to its average volume of 7,536,788. JPMorgan Chase & Co. has a 52-week low of $200.61 and a 52-week high of $301.29. The company has a market capitalization of $803.43 billion, a PE ratio of 14.99, a PEG ratio of 1.93 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The firm's 50-day moving average is $287.83 and its 200-day moving average is $264.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted 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 for the quarter, compared to analyst estimates 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 in the previous year, the business posted $6.12 EPS. Equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on JPM shares. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Citigroup set a $275.00 target price on shares of JPMorgan Chase & Co. and gave the stock a "buy" rating in a research note on Monday, July 7th. Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price for the company. in a research note on Friday, June 27th. Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Finally, Truist Financial boosted their target price on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $288.68.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction dated 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 transaction, the chief operating officer directly owned 62,455 shares in the company, valued at $16,392,563.85. The trade was a 8.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.47% of the stock is owned by insiders.

JPMorgan Chase & Co. Company 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.