Parkwood LLC Makes New Investment in JPMorgan Chase & Co. $JPM

Key Points

• Parkwood LLC made a significant investment of $27.50 million in JPMorgan Chase & Co., acquiring 112,109 shares, which represents 2.5% of their portfolio.
• Institutional investors own about 71.55% of JPMorgan Chase & Co.'s stock, indicating strong confidence in the company, with GAMMA Investing LLC notably increasing its holdings by 25,861.9% in the last quarter.
• Several analysts have mixed ratings for JPMorgan Chase & Co., with a consensus rating of "Moderate Buy" and a price target of $291.67, while its stock recently opened at $294.79.

Parkwood LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 112,109 shares of the financial services provider's stock, valued at approximately $27,501,000. JPMorgan Chase & Co. comprises about 2.5% of Parkwood LLC's holdings, making the stock its 4th largest position.

A number of other hedge funds have also recently modified their holdings of the stock. Permanens Capital L.P. grew its position in JPMorgan Chase & Co. by 8.8% during the 1st quarter. Permanens Capital L.P. now owns 16,784 shares of the financial services provider's stock worth $4,117,000 after purchasing an additional 1,355 shares during the last quarter. Plancorp LLC grew its position in JPMorgan Chase & Co. by 11.5% during the 1st quarter. Plancorp LLC now owns 10,962 shares of the financial services provider's stock worth $2,689,000 after purchasing an additional 1,134 shares during the last quarter. National Wealth Management Group LLC purchased a new position in JPMorgan Chase & Co. during the 1st quarter worth $447,000. NewEdge Advisors LLC grew its position in JPMorgan Chase & Co. by 4.6% during the 1st quarter. NewEdge Advisors LLC now owns 673,493 shares of the financial services provider's stock worth $165,208,000 after purchasing an additional 29,835 shares during the last quarter. Finally, Nippon Life Global Investors Americas Inc. grew its position in JPMorgan Chase & Co. by 10.3% during the 1st quarter. Nippon Life Global Investors Americas Inc. now owns 177,720 shares of the financial services provider's stock worth $43,595,000 after purchasing an additional 16,530 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded down $9.04 during midday trading on Friday, hitting $294.79. The company had a trading volume of 9,831,520 shares, compared to its average volume of 6,597,590. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a twelve month low of $200.61 and a twelve month high of $305.15. The business has a 50-day simple moving average of $293.16 and a two-hundred day simple moving average of $266.02. The firm has a market capitalization of $810.59 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.96 and a beta of 1.13.

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

Insider Activity at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the firm'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 completion of the sale, the director owned 82,207 shares in the company, valued at $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on JPM shares. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. 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 research report on Wednesday, July 16th. Phillip Securities downgraded shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods raised their price objective on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Finally, HSBC reissued a "reduce" rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $291.67.

About JPMorgan Chase & Co.

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.