JPMorgan Chase & Co. $JPM Position Boosted by Aviso Financial Inc.

Key Points

• Aviso Financial Inc. significantly increased its stake in JPMorgan Chase & Co. by 1,070.1%, acquiring 141,557 additional shares, making it the 21st largest holding in their portfolio valued at approximately $37.97 million.
• Insider activity was noted as COO Jennifer Piepszak sold 6,128 shares of JPMorgan stock for over $1.6 million, representing an 8.94% decrease in her ownership.
• Despite recent fluctuations in ratings from various analysts, the average target price for JPMorgan Chase & Co. stock stands at $288.68, reflecting a general stance of Moderate Buy among equity analysts.

Aviso Financial Inc. raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1,070.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,786 shares of the financial services provider's stock after acquiring an additional 141,557 shares during the quarter. JPMorgan Chase & Co. makes up 1.9% of Aviso Financial Inc.'s investment portfolio, making the stock its 21st largest holding. Aviso Financial Inc.'s holdings in JPMorgan Chase & Co. were worth $37,969,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $28,000. University of Illinois Foundation bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $30,000. Curat Global LLC bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $33,000. Measured Risk Portfolios Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $44,000. Finally, Minot DeBlois Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of the company'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 transaction of $1,608,416.16. Following the completion of the transaction, the chief operating officer directly owned 62,455 shares in the company, valued at $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Phillip Securities cut JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Piper Sandler restated an "overweight" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 15th. Royal Bank Of Canada set a $305.00 target price on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, June 30th. Finally, Hsbc Global Res lowered JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. One equities 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $288.68.

JPMorgan Chase & Co. Stock Down 0.4%

Shares of JPM stock opened at $290.3690 on Wednesday. JPMorgan Chase & Co. has a 12 month low of $200.61 and a 12 month high of $301.29. The firm has a market cap of $798.44 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11. The stock has a 50 day moving average of $287.35 and a 200-day moving average of $263.91. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same period in the previous year, the company earned $6.12 earnings per share. The company's quarterly revenue was down 10.5% compared to the same quarter last year. On average, equities analysts predict that JPMorgan Chase & Co. will post 18.1 EPS 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.

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