JPMorgan Chase & Co. $JPM Shares Purchased by Strategies Wealth Advisors LLC

Key Points

• Strategies Wealth Advisors LLC increased its holdings in JPMorgan Chase & Co. by 135.6% during the first quarter, now owning 9,628 shares valued at approximately $2.36 million.
• Several research firms have differing views on JPMorgan, with targets ranging from $298 to $340, and an overall consensus rating of "Moderate Buy."
• In recent insider transactions, COO Jennifer Piepszak sold 6,128 shares of JPMorgan stock, reducing her ownership by nearly 9%.

Strategies Wealth Advisors LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 135.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,628 shares of the financial services provider's stock after purchasing an additional 5,541 shares during the period. Strategies Wealth Advisors LLC's holdings in JPMorgan Chase & Co. were worth $2,362,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in JPMorgan Chase & Co. during the first quarter worth approximately $28,000. University of Illinois Foundation purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth $30,000. Curat Global LLC acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $33,000. Measured Risk Portfolios Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $44,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $54,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JPM. Evercore ISI set a $298.00 target price on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research report on Monday, July 7th. Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Bank of America upped their price target on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Royal Bank Of Canada set a $305.00 price target on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research note on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and an average target price of $288.68.

Insiders Place Their Bets

In related news, COO Jennifer Piepszak sold 6,128 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the completion of the sale, the chief operating officer directly owned 62,455 shares of the company's stock, valued at approximately $16,392,563.85. This represents a 8.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Up 1.6%

NYSE JPM opened at $295.9920 on Friday. JPMorgan Chase & Co. has a one year low of $200.61 and a one year high of $301.29. The company's 50 day moving average price is $288.92 and its 200 day moving average price is $264.46. 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 firm has a market capitalization of $813.90 billion, a price-to-earnings ratio of 15.19, 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 data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 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 firm earned $6.12 earnings per share. JPMorgan Chase & Co.'s revenue for the quarter was down 10.5% on a year-over-year basis. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS 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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