Permanens Capital L.P. Acquires 1,355 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Permanens Capital L.P. increased its stake in JPMorgan Chase & Co. by 8.8% in Q1, acquiring 1,355 additional shares and holding a total of 16,784 shares valued at approximately $4.1 million.
• JPMorgan Chase's quarterly earnings surpassed expectations with an EPS of $4.96 against a consensus estimate of $4.48, however, revenue fell 10.5% compared to the prior year.
• The company's stock has faced increases and decreases in analyst ratings, reflecting a mix of upgraded and downgraded positions with a consensus rating of "Moderate Buy" and a price target of $291.67.

Permanens Capital L.P. increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,784 shares of the financial services provider's stock after acquiring an additional 1,355 shares during the period. JPMorgan Chase & Co. comprises about 0.7% of Permanens Capital L.P.'s investment portfolio, making the stock its 16th biggest position. Permanens Capital L.P.'s holdings in JPMorgan Chase & Co. were worth $4,117,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in JPM. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $28,000. University of Illinois Foundation bought a new position in JPMorgan Chase & Co. during the 1st quarter valued at about $30,000. Curat Global LLC bought a new position in JPMorgan Chase & Co. during the 1st quarter valued at about $33,000. Measured Risk Portfolios Inc. bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $44,000. Finally, Minot DeBlois Advisors LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $54,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded down $9.04 during trading on Friday, reaching $294.79. The company had a trading volume of 9,831,520 shares, compared to its average volume of 6,597,590. JPMorgan Chase & Co. has a 52 week low of $200.61 and a 52 week high of $305.15. The stock has a market cap of $810.59 billion, a PE ratio of 15.12, a PEG ratio of 1.96 and a beta of 1.13. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The business's 50 day moving average price is $293.16 and its 200-day moving average price is $266.02.

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, topping analysts' consensus estimates of $4.48 by $0.48. The company had revenue of $44.91 billion during the quarter, compared to the consensus estimate 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 revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $6.12 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a "buy" rating and a $305.00 price target for the company. Evercore ISI set a $298.00 price target on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, July 7th. Baird R W downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. Truist Financial lifted their price target on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. Finally, Phillip Securities downgraded shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $291.67.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the sale, the director directly owned 82,207 shares of the company's stock, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.47% of the stock is currently owned by company insiders.

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.