Ransom Advisory Ltd Invests $7.94 Million in JPMorgan Chase & Co. $JPM

Key Points

• Ransom Advisory Ltd has purchased a new stake in JPMorgan Chase & Co. valued at approximately $7.94 million, making it the firm's 5th largest position at 3.9% of their investment portfolio.
• JPMorgan Chase recently reported earnings of $4.96 EPS, exceeding analysts' expectations and generating revenue of $44.91 billion for the quarter, though revenue was down 10.5% compared to the previous year.
• Institutional investors own 71.55% of JPMorgan Chase's stock, reflecting significant interest from hedge funds and other financial entities.

Ransom Advisory Ltd bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 32,374 shares of the financial services provider's stock, valued at approximately $7,941,000. JPMorgan Chase & Co. makes up 3.9% of Ransom Advisory Ltd's investment portfolio, making the stock its 5th biggest position.

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

JPMorgan Chase & Co. Trading Up 0.4%

Shares of NYSE:JPM traded up $1.32 during trading on Friday, hitting $306.88. The company had a trading volume of 6,845,781 shares, compared to its average volume of 6,744,668. The stock has a market cap of $843.84 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $307.55. The company has a fifty day simple moving average of $293.94 and a two-hundred day simple moving average of $267.38. 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 quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping 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 firm had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same period in the prior year, the business posted $6.12 earnings per share. The company's revenue for the quarter was down 10.5% on a year-over-year basis. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the sale, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Hsbc Global Res lowered JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Bank of America increased their price target on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Evercore ISI set a $298.00 price target on JPMorgan Chase & Co. and gave the company an "outperform" rating in a research note on Monday, July 7th. Zacks Research lowered JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Finally, Citigroup set a $275.00 price target on JPMorgan Chase & Co. and gave the company a "buy" rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $291.67.

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.