JT Stratford LLC Buys 1,054 Shares of JPMorgan Chase & Co. $JPM

Key Points

• JT Stratford LLC increased its holdings in JPMorgan Chase & Co. by 5.1% in Q1, now owning 21,789 shares valued at approximately $5,345,000.
• JPMorgan Chase reported $4.96 EPS for the last quarter, exceeding analyst expectations, despite a year-over-year revenue decline of 10.5%.
• Analysts have mixed ratings for JPMorgan Chase, with a consensus rating of "Moderate Buy" and a price target averaging around $288.68.

JT Stratford LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,789 shares of the financial services provider's stock after purchasing an additional 1,054 shares during the period. JPMorgan Chase & Co. makes up 0.9% of JT Stratford LLC's investment portfolio, making the stock its 17th biggest holding. JT Stratford LLC's holdings in JPMorgan Chase & Co. were worth $5,345,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of JPMorgan Chase & Co. during the first quarter valued at about $28,000. University of Illinois Foundation acquired a new position in shares of JPMorgan Chase & Co. during the first quarter valued at about $30,000. Curat Global LLC acquired a new position in shares of JPMorgan Chase & Co. during the first quarter valued at about $33,000. Measured Risk Portfolios Inc. acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $44,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth about $54,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 62,455 shares of the company's stock, valued at $16,392,563.85. This represents a 8.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on JPM. Evercore ISI set a $298.00 target price on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, July 7th. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. HSBC restated a "reduce" rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Hsbc Global Res lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and a consensus target price of $288.68.

JPMorgan Chase & Co. Stock Up 1.6%

JPM stock traded up $4.5220 during trading on Friday, reaching $295.9920. The stock had a trading volume of 8,551,162 shares, compared to its average volume of 7,532,471. JPMorgan Chase & Co. has a one year low of $200.61 and a one year high of $301.29. 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 company's 50 day moving average is $288.92 and its two-hundred day moving average is $264.46. The company has a market capitalization of $813.91 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 1.94 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same period in the prior year, the firm posted $6.12 EPS. The firm's quarterly revenue was down 10.5% compared to the same quarter last year. Equities research analysts forecast 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.