Benchmark Investment Advisors LLC Purchases 2,529 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Benchmark Investment Advisors LLC increased its stake in JPMorgan Chase & Co. by 34.8% in the first quarter, bringing its total ownership to 9,804 shares, valued at approximately $2.4 million.
• Several other institutional investors also made significant changes to their positions in JPMorgan, with GAMMA Investing LLC boosting its stake by an astounding 25,861.9%, now owning over 23.5 million shares valued at about $5.8 billion.
• Analysts have mixed sentiments towards JPMorgan's stock, with ratings ranging from "sell" to "strong buy" and an average price target set at $288.68, reflecting a "Moderate Buy" consensus.

Benchmark Investment Advisors LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 34.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,804 shares of the financial services provider's stock after buying an additional 2,529 shares during the quarter. JPMorgan Chase & Co. makes up about 1.6% of Benchmark Investment Advisors LLC's portfolio, making the stock its 19th biggest position. Benchmark Investment Advisors LLC's holdings in JPMorgan Chase & Co. were worth $2,405,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JPM. GAMMA Investing LLC raised its position in JPMorgan Chase & Co. by 25,861.9% in the 1st quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock valued at $5,778,289,000 after buying an additional 23,465,278 shares during the last quarter. Nuveen LLC acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at approximately $3,972,807,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in JPMorgan Chase & Co. by 31.4% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,684,810 shares of the financial services provider's stock valued at $2,561,256,000 after buying an additional 2,551,899 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in JPMorgan Chase & Co. by 16.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,550,491 shares of the financial services provider's stock valued at $4,207,028,000 after buying an additional 2,465,572 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $454,042,000. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM traded up $0.39 during midday trading on Friday, hitting $301.46. 6,790,292 shares of the company's stock were exchanged, compared to its average volume of 6,841,159. 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. has a 12 month low of $200.61 and a 12 month high of $302.95. The company's 50 day moving average price is $291.59 and its 200 day moving average price is $265.18. The firm has a market capitalization of $828.94 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 2.00 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $43.76 billion. During the same period in the previous year, the company posted $6.12 EPS. The firm's revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Insider Activity at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. 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 approximately $16,392,563.85. The trade was a 8.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

JPM has been the topic of a number of recent research reports. Hsbc Global Res lowered JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Bank of America raised their price target on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Piper Sandler restated an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Morgan Stanley raised their price target on 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. Finally, Citigroup set a $275.00 price target on JPMorgan Chase & Co. and gave the company a "buy" rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $288.68.

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.