Paragon Private Wealth Management LLC Purchases 2,055 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Paragon Private Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 49.0%, acquiring an additional 2,055 shares to hold a total of 6,246 shares valued at approximately $1.53 million.
• During the first quarter, several institutional investors, including Bank of New York Mellon Corp and GAMMA Investing LLC, significantly raised their stakes in JPMorgan Chase, demonstrating strong institutional interest in the stock.
• JPMorgan Chase recently reported $4.96 earnings per share for the quarter, exceeding analysts' expectations, although revenue was down 10.5% from the previous year.

Paragon Private Wealth Management LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 49.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,246 shares of the financial services provider's stock after purchasing an additional 2,055 shares during the period. Paragon Private Wealth Management LLC's holdings in JPMorgan Chase & Co. were worth $1,532,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after buying an additional 4,841 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in JPMorgan Chase & Co. by 0.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock valued at $46,068,000 after acquiring an additional 1,229 shares during the last quarter. Highview Capital Management LLC DE raised its holdings in shares of JPMorgan Chase & Co. by 16.1% in 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 purchasing an additional 1,893 shares during the period. KKM Financial LLC lifted its stake in JPMorgan Chase & Co. by 3.9% in the fourth quarter. KKM Financial LLC now owns 16,854 shares of the financial services provider's stock valued at $4,040,000 after purchasing an additional 640 shares during the last quarter. Finally, Algert Global LLC lifted its stake in JPMorgan Chase & Co. by 11.8% in the fourth quarter. Algert Global LLC now owns 16,000 shares of the financial services provider's stock valued at $3,835,000 after purchasing an additional 1,690 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock traded up $4.32 during midday trading on Thursday, reaching $303.83. 6,603,390 shares of the stock were exchanged, compared to its average volume of 9,678,998. The company's fifty day moving average is $292.71 and its 200-day moving average is $265.82. 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 firm has a market cap of $835.45 billion, a PE ratio of 15.59, a PEG 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 $304.43.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on JPM shares. TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Morgan Stanley raised their price objective on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Finally, Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and a consensus target price of $291.67.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.47% of the stock is owned by corporate insiders.

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.