CreativeOne Wealth LLC Raises Position in JPMorgan Chase & Co. $JPM

Key Points

• CreativeOne Wealth LLC increased its stake in JPMorgan Chase & Co. by 18.3%, holding a total of 29,305 shares valued at approximately $7.19 million at the end of the latest quarter.
• JPMorgan Chase & Co. reported $4.96 EPS for the last quarter, exceeding analysts' expectations of $4.48, despite a revenue decrease of 10.5% year-over-year.
• Brokerages have a mixed outlook on JPMorgan Chase, with target prices ranging from $259.00 to $325.00, indicating a general consensus of a "Moderate Buy" with an average target of $288.68.

CreativeOne Wealth LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 18.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,305 shares of the financial services provider's stock after buying an additional 4,525 shares during the quarter. CreativeOne Wealth LLC's holdings in JPMorgan Chase & Co. were worth $7,188,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of JPMorgan Chase & Co. by 25,861.9% in the first quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock valued at $5,778,289,000 after purchasing an additional 23,465,278 shares in the last quarter. Nuveen LLC purchased a new stake in JPMorgan Chase & Co. in the first quarter worth approximately $3,972,807,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in JPMorgan Chase & Co. by 31.4% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,684,810 shares of the financial services provider's stock worth $2,561,256,000 after purchasing an additional 2,551,899 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in JPMorgan Chase & Co. by 16.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,550,491 shares of the financial services provider's stock valued at $4,207,028,000 after acquiring an additional 2,465,572 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at about $454,042,000. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Trading Up 0.1%

Shares of NYSE:JPM traded up $0.39 during trading hours on Friday, hitting $301.46. 6,790,292 shares of the company's stock traded hands, compared to its average volume of 7,101,695. JPMorgan Chase & Co. has a 1 year low of $200.61 and a 1 year high of $302.95. The business has a fifty day moving average price of $291.59 and a 200-day moving average price of $265.33. The firm has a market capitalization of $828.94 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 2.00 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.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results 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 during the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The company's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.12 earnings per share. Equities analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on JPM shares. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. HSBC restated a "reduce" rating and issued a $259.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Hsbc Global Res downgraded JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Finally, Phillip Securities lowered shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. One 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 given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $288.68.

Insider Activity

In related news, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction that occurred on 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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.