EntryPoint Capital LLC Makes New $301,000 Investment in JPMorgan Chase & Co. $JPM

Key Points

• EntryPoint Capital LLC has made a new investment in JPMorgan Chase & Co. totaling approximately $301,000 by acquiring 1,228 shares.
• Brokerages like Bank of America and Wells Fargo have increased their price targets on JPMorgan shares, reflecting positive market sentiment.
• JPMorgan Chase reported earnings of $4.96 per share, surpassing estimates, despite a 10.5% decrease in revenue year-over-year.

EntryPoint Capital LLC bought a new position in JPMorgan Chase & Co. (NYSE:JPM) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,228 shares of the financial services provider's stock, valued at approximately $301,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JPM. MJT & Associates Financial Advisory Group Inc. purchased a new stake in JPMorgan Chase & Co. in the 1st quarter worth approximately $28,000. University of Illinois Foundation purchased a new stake in JPMorgan Chase & Co. in the 1st quarter worth approximately $30,000. Curat Global LLC purchased a new stake in JPMorgan Chase & Co. in the 1st quarter worth approximately $33,000. Measured Risk Portfolios Inc. purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $44,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $54,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on JPM. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Phillip Securities lowered shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Hsbc Global Res lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $288.68.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the sale, the chief operating officer owned 62,455 shares of the company's stock, valued at $16,392,563.85. The trade was a 8.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $295.9920 on Friday. JPMorgan Chase & Co. has a 12-month low of $200.61 and a 12-month high of $301.29. The company has a market capitalization of $813.90 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 1.94 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 fifty day moving average price is $288.92 and its 200 day moving average price is $264.46.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same quarter in the previous year, the firm posted $6.12 EPS. The firm's quarterly revenue was down 10.5% on a year-over-year basis. On average, research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.