Northwest & Ethical Investments L.P. Has $25.31 Million Stock Position in JPMorgan Chase & Co. $JPM

Key Points

• Northwest & Ethical Investments L.P. increased its stake in JPMorgan Chase & Co. by 10.4% during the 1st quarter, owning a total of 103,199 shares worth approximately $25.31 million.
• JPMorgan Chase reported $4.96 earnings per share for the most recent quarter, exceeding analysts' expectations of $4.48, but its revenue dropped 10.5% year-over-year.
• Analysts have set a consensus target price of $288.68 for JPMorgan Chase shares, with ratings including thirteen buy ratings and three sell ratings.

Northwest & Ethical Investments L.P. grew its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 10.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 103,199 shares of the financial services provider's stock after purchasing an additional 9,758 shares during the period. Northwest & Ethical Investments L.P.'s holdings in JPMorgan Chase & Co. were worth $25,313,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in JPM. Florida Financial Advisors LLC lifted its position in JPMorgan Chase & Co. by 62.5% during the 1st quarter. Florida Financial Advisors LLC now owns 9,863 shares of the financial services provider's stock valued at $2,416,000 after purchasing an additional 3,792 shares during the period. Fourth Dimension Wealth LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $471,000. Crown Wealth Group LLC lifted its position in JPMorgan Chase & Co. by 5.4% during the 1st quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider's stock valued at $1,060,000 after purchasing an additional 222 shares during the period. Morse Asset Management Inc lifted its position in JPMorgan Chase & Co. by 19.5% during the 1st quarter. Morse Asset Management Inc now owns 2,569 shares of the financial services provider's stock valued at $630,000 after purchasing an additional 420 shares during the period. Finally, Hidden Cove Wealth Management LLC lifted its position in JPMorgan Chase & Co. by 4.2% during the 1st quarter. Hidden Cove Wealth Management LLC now owns 2,758 shares of the financial services provider's stock valued at $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 Buying and Selling at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 6,128 shares of the firm's 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 directly owned 62,455 shares of the company's stock, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of research reports. Phillip Securities downgraded shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Hsbc Global Res cut JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target for the company. in a research note on Friday, June 27th. Finally, Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and a consensus target price of $288.68.

JPMorgan Chase & Co. Stock Down 0.4%

NYSE:JPM traded down $1.1610 during trading hours on Tuesday, reaching $290.3690. 6,028,918 shares of the stock were exchanged, compared to its average volume of 7,571,084. JPMorgan Chase & Co. has a twelve month low of $200.61 and a twelve month high of $301.29. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a 50 day moving average of $287.35 and a 200 day moving average of $263.91. The stock has a market cap of $798.44 billion, a PE ratio of 14.90, a PEG ratio of 1.94 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly 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. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same quarter in the prior year, the firm posted $6.12 EPS. The business's revenue was down 10.5% on a year-over-year basis. On average, equities 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.