Fox Run Management L.L.C. increased its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 265.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,390 shares of the financial services provider's stock after buying an additional 3,914 shares during the period. Fox Run Management L.L.C.'s holdings in JPMorgan Chase & Co. were worth $1,322,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in JPM. MJT & Associates Financial Advisory Group Inc. purchased a new stake in JPMorgan Chase & Co. during the first quarter valued at about $28,000. University of Illinois Foundation bought a new stake in shares of JPMorgan Chase & Co. in the first quarter worth about $30,000. Curat Global LLC bought a new stake in shares of JPMorgan Chase & Co. in the first quarter worth about $33,000. Measured Risk Portfolios Inc. bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $44,000. Finally, Minot DeBlois Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 71.55% of the company's stock.
JPMorgan Chase & Co. Stock Performance
JPM traded up $1.13 during mid-day trading on Wednesday, reaching $291.79. 3,891,884 shares of the company traded hands, compared to its average volume of 9,843,816. The stock has a market capitalization of $802.35 billion, a P/E ratio of 14.96, a P/E/G ratio of 1.94 and a beta of 1.11. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The company's fifty day moving average price is $287.35 and its 200-day moving average price is $263.91. JPMorgan Chase & Co. has a 52-week low of $200.61 and a 52-week high of $301.29.
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 for the quarter, beating analysts' consensus estimates 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 net margin of 20.52% and a return on equity of 16.93%. The company's quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $6.12 EPS. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Citigroup set a $275.00 target price on shares of JPMorgan Chase & Co. and gave the company a "buy" rating in a report on Monday, July 7th. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Piper Sandler reiterated an "overweight" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 15th. 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 research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $288.68.
View Our Latest Stock Analysis on JPMorgan Chase & Co.
Insider Buying and Selling at JPMorgan Chase & Co.
In other news, COO Jennifer Piepszak sold 6,128 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the completion of the transaction, the chief operating officer owned 62,455 shares in the company, valued at $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.47% of the stock is currently owned by insiders.
About JPMorgan Chase & Co.
(
Free Report)
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.
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