CTC Alternative Strategies Ltd. Acquires New Shares in JPMorgan Chase & Co. $JPM

Key Points

• CTC Alternative Strategies Ltd. has acquired a new stake in JPMorgan Chase & Co., purchasing 2,200 shares valued at approximately $540,000.
• Insider trading activity included Director Linda Bammann selling 9,500 shares for over $2.83 million, reducing her hold by 10.36%.
• JPMorgan's stock received varied ratings from analysts, with a current average price target of $291.67 reflecting overall sentiment of a "Moderate Buy."

CTC Alternative Strategies Ltd. acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,200 shares of the financial services provider's stock, valued at approximately $540,000.

Other large investors also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth $28,000. University of Illinois Foundation bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth $30,000. Curat Global LLC bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth $33,000. Measured Risk Portfolios Inc. bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $44,000. Finally, Minot DeBlois Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $54,000. 71.55% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 transaction of $2,830,430.00. Following the completion of the transaction, the director owned 82,207 shares in the company, valued at $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Evercore ISI set a $298.00 target price on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, July 7th. Bank of America lifted their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Truist Financial lifted their price objective on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a report on Wednesday, July 9th. HSBC reissued a "reduce" rating and issued a $259.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Finally, TD Cowen initiated coverage on JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a "buy" rating and a $305.00 price objective for the company. 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 given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $291.67.

JPMorgan Chase & Co. Price Performance

NYSE:JPM traded up $2.86 during mid-day trading on Wednesday, reaching $300.71. The stock had a trading volume of 7,516,134 shares, compared to its average volume of 9,647,993. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a one year low of $201.83 and a one year high of $305.15. The firm has a 50 day moving average price of $293.36 and a two-hundred day moving average price of $266.44. The stock has a market capitalization of $826.89 billion, a P/E ratio of 15.43, a P/E/G ratio of 1.95 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data 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. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same quarter in the previous year, the company posted $6.12 earnings per share. The business's revenue was down 10.5% on a year-over-year basis. As a group, analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current 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.