Oak Harvest Investment Services Acquires 3,855 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Oak Harvest Investment Services increased its stake in JPMorgan Chase & Co. by 4.0%, acquiring an additional 3,855 shares, making it the firm's 4th largest holding with a total value of $24.37 million.
• Insider trading revealed that COO Jennifer Piepszak sold 6,128 shares of JPMorgan's stock for over $1.6 million, reducing her position by 8.94%.
• Several equity analysts have given mixed ratings on JPMorgan's stock, with target prices ranging from $259.00 to $340.00, and an average rating of "Moderate Buy" with a consensus target price of $288.68.

Oak Harvest Investment Services lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99,342 shares of the financial services provider's stock after purchasing an additional 3,855 shares during the period. JPMorgan Chase & Co. accounts for 3.4% of Oak Harvest Investment Services' holdings, making the stock its 4th biggest holding. Oak Harvest Investment Services' holdings in JPMorgan Chase & Co. were worth $24,369,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value 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 $16,392,563.85. The trade was a 8.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.47% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. HSBC reissued a "reduce" rating and set a $259.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods lifted their target price on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a "buy" rating and a $305.00 target price for the company. Bank of America lifted their target price on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Finally, Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $288.68.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock 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 firm has a market capitalization of $813.90 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 1.97 and a beta of 1.11. The business has a 50-day simple moving average of $288.92 and a 200 day simple moving average of $264.42. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results 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. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same period in the previous year, the company posted $6.12 EPS. The firm's revenue was down 10.5% compared to the same quarter last year. On average, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. 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.

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