Okabena Investment Services Inc. Boosts Stock Position in JPMorgan Chase & Co. $JPM

Key Points

• Okabena Investment Services Inc. increased its stake in JPMorgan Chase & Co. by 30.5% in Q1, holding a total of 14,714 shares valued at approximately $3.61 million.
• Insider selling was noted as JPMorgan COO Jennifer Piepszak sold 6,128 shares for over $1.6 million, decreasing her stake by nearly 9%.
• Analysts have mixed ratings on JPMorgan, with price targets ranging from $235.00 to $340.00; the stock currently has a consensus rating of "Moderate Buy."

Okabena Investment Services Inc. boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 30.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,714 shares of the financial services provider's stock after purchasing an additional 3,442 shares during the quarter. JPMorgan Chase & Co. comprises 0.9% of Okabena Investment Services Inc.'s holdings, making the stock its 26th largest holding. Okabena Investment Services Inc.'s holdings in JPMorgan Chase & Co. were worth $3,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in JPMorgan Chase & Co. during the first quarter valued at about $28,000. University of Illinois Foundation bought a new stake in JPMorgan Chase & Co. during the first quarter valued at about $30,000. Curat Global LLC bought a new stake in JPMorgan Chase & Co. during the first quarter valued at about $33,000. Measured Risk Portfolios Inc. bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $44,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $54,000. Institutional investors own 71.55% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Morgan Stanley raised their price target on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Hsbc Global Res downgraded JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. HSBC reissued a "reduce" rating and issued a $259.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Evercore ISI set a $298.00 price target on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, July 7th. Finally, Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $288.68.

JPMorgan Chase & Co. Stock Performance

JPM stock traded up $0.39 during trading on Friday, hitting $301.46. 6,790,292 shares of the company traded hands, compared to its average volume of 7,101,695. The stock's 50-day simple moving average is $291.59 and its 200 day simple moving average is $265.33. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $828.94 billion, a PE ratio of 15.47, a P/E/G ratio of 2.00 and a beta of 1.11. JPMorgan Chase & Co. has a 1 year low of $200.61 and a 1 year high of $302.95.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. During the same period last year, the business earned $6.12 earnings per share. JPMorgan Chase & Co.'s quarterly revenue was down 10.5% on a year-over-year basis. On average, equities analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is owned by corporate insiders.

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.