JPMorgan Chase & Co. $JPM Position Increased by Gerber Kawasaki Wealth & Investment Management

Key Points

• Gerber Kawasaki Wealth & Investment Management increased its position in JPMorgan Chase & Co. by 23.6%, owning 16,319 shares worth $4,003,000 after purchasing an additional 3,112 shares in Q1.
• COO Jennifer Piepszak sold 6,128 shares at an average price of $262.47, resulting in an 8.94% decrease in her ownership of the stock.
• JPMorgan reported $4.96 EPS for the most recent quarter, exceeding analysts' expectations, and had a market capitalization of $823.59 billion.

Gerber Kawasaki Wealth & Investment Management raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 23.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,319 shares of the financial services provider's stock after buying an additional 3,112 shares during the quarter. Gerber Kawasaki Wealth & Investment Management's holdings in JPMorgan Chase & Co. were worth $4,003,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of JPM. Brighton Jones LLC lifted its stake in JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after buying an additional 4,841 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of JPMorgan Chase & Co. by 0.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock valued at $46,068,000 after purchasing an additional 1,229 shares during the period. Highview Capital Management LLC DE increased its holdings in shares of JPMorgan Chase & Co. by 16.1% in the 4th quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock valued at $3,266,000 after purchasing an additional 1,893 shares during the period. KKM Financial LLC increased its holdings in shares of JPMorgan Chase & Co. by 3.9% in the 4th quarter. KKM Financial LLC now owns 16,854 shares of the financial services provider's stock valued at $4,040,000 after purchasing an additional 640 shares during the period. Finally, Boothbay Fund Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 28.0% in the 4th quarter. Boothbay Fund Management LLC now owns 1,959 shares of the financial services provider's stock valued at $470,000 after purchasing an additional 428 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the 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 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 company insiders.

JPMorgan Chase & Co. Stock Up 0.3%

Shares of JPM stock opened at $299.52 on Thursday. The stock's 50 day simple moving average is $290.51 and its 200 day simple moving average is $264.94. 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 twelve month low of $200.61 and a twelve month high of $301.29. The company has a market capitalization of $823.59 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 1.98 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data 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. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The business had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same period last year, the business earned $6.12 EPS. The firm's revenue was down 10.5% compared to the same quarter last year. As a group, research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price on the stock. in a report on Friday, June 27th. Citigroup set a $275.00 target price on JPMorgan Chase & Co. and gave the company a "buy" rating in a report on Monday, July 7th. Royal Bank Of Canada set a $305.00 target price on JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, June 30th. Keefe, Bruyette & Woods upped their target price on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Finally, Morgan Stanley upped their target price on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $288.68.

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.

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