Coordinated Financial Services Inc. CO Takes $601,000 Position in JPMorgan Chase & Co. $JPM

Key Points

• Coordinated Financial Services Inc. acquired 2,451 shares of JPMorgan Chase & Co., valued at approximately $601,000, in Q1, increasing institutional investor interest in the stock.
• JPMorgan Chase & Co. reported a net margin of 20.52% and quarterly revenue of $44.91 billion, exceeding market expectations; however, its earnings per share declined year-over-year.
• Analysts hold a consensus rating of "Moderate Buy" for JPMorgan Chase & Co., with a target price averaging around $291.67.

Coordinated Financial Services Inc. CO purchased a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,451 shares of the financial services provider's stock, valued at approximately $601,000.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on JPM shares. Citigroup set a $275.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a "buy" rating in a research report on Monday, July 7th. Wells Fargo & Company upped their price objective on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Bank of America upped their price objective on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Piper Sandler restated an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. Finally, Baird R W cut shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $291.67.

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the sale, the director 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Up 1.6%

NYSE:JPM traded up $4.79 on Tuesday, reaching $297.70. The stock had a trading volume of 7,844,109 shares, compared to its average volume of 6,731,510. The company has a market cap of $818.60 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 1.95 and a beta of 1.13. 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 fifty day moving average is $293.21 and its two-hundred day moving average is $266.22. JPMorgan Chase & Co. has a 12-month low of $200.61 and a 12-month high of $305.15.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same quarter in the prior year, the company posted $6.12 EPS. The company's quarterly revenue was down 10.5% compared to the same quarter last year. Equities analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

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.