JPMorgan Chase & Co. $JPM Shares Bought by Compound Planning Inc.

Key Points

• Compound Planning Inc. increased its stake in JPMorgan Chase & Co. by 1.4%, holding 62,665 shares valued at $15.37 million as of the latest SEC filing.
• Institutional investors own approximately 71.55% of JPMorgan Chase & Co.'s stock, indicating significant institutional interest in the company.
• JPMorgan Chase & Co. reported $4.96 EPS for the last quarter, surpassing analysts' expectations, though revenue declined by 10.5% year-over-year.

Compound Planning Inc. lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,665 shares of the financial services provider's stock after purchasing an additional 874 shares during the period. Compound Planning Inc.'s holdings in JPMorgan Chase & Co. were worth $15,372,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Florida Financial Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 62.5% in the first quarter. Florida Financial Advisors LLC now owns 9,863 shares of the financial services provider's stock worth $2,416,000 after acquiring an additional 3,792 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $471,000. Crown Wealth Group LLC boosted its holdings in shares of JPMorgan Chase & Co. by 5.4% during the first quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider's stock worth $1,060,000 after purchasing an additional 222 shares during the period. Morse Asset Management Inc boosted its holdings in shares of JPMorgan Chase & Co. by 19.5% during the first quarter. Morse Asset Management Inc now owns 2,569 shares of the financial services provider's stock worth $630,000 after purchasing an additional 420 shares during the period. Finally, Hidden Cove Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 4.2% during the first quarter. Hidden Cove Wealth Management LLC now owns 2,758 shares of the financial services provider's stock worth $677,000 after purchasing an additional 112 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Activity

In other news, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the transaction, the chief operating officer owned 62,455 shares in the company, valued at approximately $16,392,563.85. This represents a 8.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on JPM. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Morgan Stanley lifted their target price on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price for the company. in a research note on Friday, June 27th. HSBC reiterated a "reduce" rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Finally, Royal Bank Of Canada set a $305.00 target price on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a research note on Monday, June 30th. One 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 assigned a Sell rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and an average price target of $288.68.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $291.0580 on Friday. JPMorgan Chase & Co. has a 1-year low of $200.61 and a 1-year high of $301.29. The firm has a fifty day simple moving average of $288.29 and a 200-day simple moving average of $264.27. The stock has a market capitalization of $800.34 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.94 and a beta of 1.11. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. During the same quarter in the previous year, the firm posted $6.12 earnings per share. JPMorgan Chase & Co.'s revenue was down 10.5% compared to the same quarter last year. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

About JPMorgan Chase & Co.

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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