Gordian Capital Singapore Pte Ltd Buys 6,830 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Gordian Capital Singapore Pte Ltd increased its stake in JPMorgan Chase & Co. by 112.9% in the first quarter, holding 12,880 shares worth $3,134,000.
• The COO of JPMorgan, Jennifer Piepszak, sold 6,128 shares in June, reducing her ownership by 8.94%, with the remaining shares valued at approximately $16.4 million.
• JPMorgan's stock has experienced a one-year range between $200.61 and $301.29, with a current market capitalization of $827.15 billion.

Gordian Capital Singapore Pte Ltd boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 112.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,880 shares of the financial services provider's stock after buying an additional 6,830 shares during the quarter. JPMorgan Chase & Co. makes up 2.0% of Gordian Capital Singapore Pte Ltd's holdings, making the stock its 12th biggest holding. Gordian Capital Singapore Pte Ltd's holdings in JPMorgan Chase & Co. were worth $3,134,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Wimmer Associates 1 LLC raised its holdings in JPMorgan Chase & Co. by 1.0% during the 4th quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider's stock worth $986,000 after purchasing an additional 40 shares during the last quarter. Twin Lakes Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 0.3% during the 4th quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider's stock worth $3,340,000 after purchasing an additional 40 shares in the last quarter. First Command Advisory Services Inc. raised its stake in shares of JPMorgan Chase & Co. by 0.4% in the first quarter. First Command Advisory Services Inc. now owns 9,306 shares of the financial services provider's stock worth $2,283,000 after purchasing an additional 40 shares during the last quarter. Black Swift Group LLC raised its stake in shares of JPMorgan Chase & Co. by 0.7% in the first quarter. Black Swift Group LLC now owns 5,759 shares of the financial services provider's stock worth $1,413,000 after purchasing an additional 40 shares during the last quarter. Finally, Beacon Bridge Wealth Partners LLC increased its position in shares of JPMorgan Chase & Co. by 1.8% during the first quarter. Beacon Bridge Wealth Partners LLC now owns 2,231 shares of the financial services provider's stock valued at $547,000 after acquiring an additional 40 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of research analyst reports. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Citigroup set a $275.00 price target on JPMorgan Chase & Co. and gave the stock a "buy" rating in a report on Monday, July 7th. Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Finally, Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" 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 assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and a consensus target price of $288.68.

JPMorgan Chase & Co. Stock Up 0.1%

Shares of NYSE JPM traded up $0.39 during midday trading on Friday, hitting $301.46. The stock had a trading volume of 6,790,292 shares, compared to its average volume of 7,101,695. The company has a market cap of $828.94 billion, a P/E ratio of 15.47, a PEG ratio of 2.00 and a beta of 1.11. JPMorgan Chase & Co. has a 52 week low of $200.61 and a 52 week high of $302.95. 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 business's 50 day moving average is $291.59 and its 200-day moving average is $265.26.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm's quarterly revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $6.12 EPS. As a group, analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction on 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 transaction, the chief operating officer directly owned 62,455 shares of the company's stock, valued at $16,392,563.85. This represents a 8.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is owned by insiders.

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.