Financial Strategies Group Inc. Decreases Position in JPMorgan Chase & Co. $JPM

Key Points

• Financial Strategies Group Inc. reduced its holdings in **JPMorgan Chase & Co.** by **3.1%**, bringing their total shares to 30,730, valued at approximately **$7.16 million**.
• GAMMA Investing LLC made a **massive increase** in their stake by **25,861.9%**, now owning about 23.6 million shares worth nearly **$5.8 billion**.
• Analyst ratings for JPMorgan Chase are predominantly positive, with a consensus target price of **$291.67**, and the majority rating it as a **Moderate Buy**.

Financial Strategies Group Inc. lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,730 shares of the financial services provider's stock after selling 978 shares during the quarter. JPMorgan Chase & Co. comprises about 1.7% of Financial Strategies Group Inc.'s investment portfolio, making the stock its 18th biggest holding. Financial Strategies Group Inc.'s holdings in JPMorgan Chase & Co. were worth $7,164,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in JPM. Brighton Jones LLC grew its stake in JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after purchasing an additional 4,841 shares during the last quarter. Bank Pictet & Cie Europe AG grew its position in shares of JPMorgan Chase & Co. by 0.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock worth $46,068,000 after buying an additional 1,229 shares during the last quarter. Highview Capital Management LLC DE raised its stake in shares of JPMorgan Chase & Co. by 16.1% during the 4th quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock worth $3,266,000 after acquiring an additional 1,893 shares in the last quarter. KKM Financial LLC lifted its position in JPMorgan Chase & Co. by 3.9% during the fourth quarter. KKM Financial LLC now owns 16,854 shares of the financial services provider's stock valued at $4,040,000 after acquiring an additional 640 shares during the last quarter. Finally, Crestline Management LP boosted its stake in JPMorgan Chase & Co. by 5.9% in the fourth quarter. Crestline Management LP now owns 1,800 shares of the financial services provider's stock valued at $431,000 after acquiring an additional 100 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the firm'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 sale, the director owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $305.00 target price on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research note on Monday, June 30th. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Baird R W downgraded JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. Finally, Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and three have given 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 price target of $291.67.

JPMorgan Chase & Co. Trading Up 1.6%

Shares of NYSE JPM traded up $4.79 during midday trading on Tuesday, reaching $297.70. 7,844,109 shares of the stock were exchanged, compared to its average volume of 6,731,510. The stock has a market capitalization of $818.60 billion, a P/E ratio of 15.27, a PEG ratio of 1.95 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 company has a 50 day simple moving average of $293.21 and a 200 day simple moving average of $266.22. JPMorgan Chase & Co. has a twelve month low of $200.61 and a twelve month high of $305.15.

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 (EPS) for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion for 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 business's revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $6.12 EPS. As a group, 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.