Focus Partners Advisor Solutions LLC Boosts Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Focus Partners Advisor Solutions LLC increased its holdings in JPMorgan Chase & Co. by 12.6% in the first quarter, bringing their total ownership to 74,569 shares valued at $18.29 million.
• Insider activity was notable as COO Jennifer Piepszak sold 6,128 shares at an average price of $262.47, reducing her ownership by nearly 8.94%.
• Analysts have mixed views on the stock, with price targets ranging from $235.00 to $340.00, reflecting a consensus rating of "Moderate Buy" and a current average price target of $288.68.

Focus Partners Advisor Solutions LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 12.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,569 shares of the financial services provider's stock after buying an additional 8,360 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in JPMorgan Chase & Co. were worth $18,292,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. First Financial Bankshares Inc boosted its stake in shares of JPMorgan Chase & Co. by 0.3% during the first quarter. First Financial Bankshares Inc now owns 786,589 shares of the financial services provider's stock valued at $192,950,000 after purchasing an additional 2,732 shares during the period. Ameriflex Group Inc. raised its stake in shares of JPMorgan Chase & Co. by 52.8% during the first quarter. Ameriflex Group Inc. now owns 7,499 shares of the financial services provider's stock valued at $1,840,000 after acquiring an additional 2,591 shares during the last quarter. Graham Capital Management L.P. purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter worth about $549,000. Retirement Planning Co of New England Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.2% in the first quarter. Retirement Planning Co of New England Inc. now owns 4,654 shares of the financial services provider's stock worth $1,142,000 after purchasing an additional 54 shares during the last quarter. Finally, Cura Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 47.1% in the 1st quarter. Cura Wealth Advisors LLC now owns 1,580 shares of the financial services provider's stock worth $388,000 after buying an additional 506 shares during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Activity

In other news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the sale, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. The trade was a 10.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jennifer Piepszak sold 6,128 shares of the 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 sale, the chief operating officer owned 62,455 shares in the company, valued at $16,392,563.85. The trade was a 8.94% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price on the stock. in a research note on Friday, June 27th. TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Citigroup set a $275.00 price target on JPMorgan Chase & Co. and gave the company a "buy" rating in a research report on Monday, July 7th. Truist Financial boosted their target price 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, Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and a consensus target price of $291.67.

JPMorgan Chase & Co. Stock Performance

JPM traded down $0.71 during midday trading on Wednesday, hitting $298.99. 6,314,243 shares of the company traded hands, compared to its average volume of 6,508,681. The company's 50-day moving average is $292.41 and its 200 day moving average is $265.59. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $822.14 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 2.00 and a beta of 1.13. JPMorgan Chase & Co. has a 52 week low of $200.61 and a 52 week high of $302.95.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. The company had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.JPMorgan Chase & Co.'s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.12 earnings per share. On average, research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Company Profile

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.