RPG Investment Advisory LLC Has $22.22 Million Stake in JPMorgan Chase & Co. $JPM

Key Points

• RPG Investment Advisory LLC increased its stake in JPMorgan Chase & Co. by 106.1% during the first quarter, now holding 90,601 shares worth approximately $22.22 million.
• Insider selling occurred, with COO Jennifer Piepszak selling 6,128 shares for a total of $1.61 million, reducing her ownership by nearly 9%.
• Despite strong quarterly earnings, analysts have mixed ratings for JPMorgan, with some lowering their ratings and others maintaining "buy" recommendations, reflecting a consensus rating of "Moderate Buy".

RPG Investment Advisory LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 106.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,601 shares of the financial services provider's stock after purchasing an additional 46,641 shares during the period. JPMorgan Chase & Co. comprises 1.6% of RPG Investment Advisory LLC's investment portfolio, making the stock its 27th largest holding. RPG Investment Advisory LLC's holdings in JPMorgan Chase & Co. were worth $22,224,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. D.B. Root & Company LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.7% during the first quarter. D.B. Root & Company LLC now owns 3,276 shares of the financial services provider's stock worth $804,000 after purchasing an additional 55 shares during the last quarter. Monetary Management Group Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.4% during the first quarter. Monetary Management Group Inc. now owns 25,599 shares of the financial services provider's stock worth $6,279,000 after purchasing an additional 100 shares during the last quarter. Compound Planning Inc. grew its holdings in shares of JPMorgan Chase & Co. by 1.4% during the first quarter. Compound Planning Inc. now owns 62,665 shares of the financial services provider's stock worth $15,372,000 after purchasing an additional 874 shares during the last quarter. Norinchukin Bank The grew its holdings in shares of JPMorgan Chase & Co. by 13.9% during the first quarter. Norinchukin Bank The now owns 156,406 shares of the financial services provider's stock worth $38,366,000 after purchasing an additional 19,105 shares during the last quarter. Finally, Mosaic Financial Group LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.8% during the first quarter. Mosaic Financial Group LLC now owns 9,296 shares of the financial services provider's stock worth $2,280,000 after purchasing an additional 78 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. 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 owned 62,455 shares of the company's stock, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on JPM shares. Hsbc Global Res cut JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Morgan Stanley increased their target price 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. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target for the company. in a research report on Friday, June 27th. Finally, Phillip Securities lowered JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $288.68.

JPMorgan Chase & Co. Trading Down 0.4%

Shares of JPM opened at $291.0580 on Friday. The business has a 50-day moving average of $288.29 and a 200 day moving average of $264.27. JPMorgan Chase & Co. has a fifty-two week low of $200.61 and a fifty-two week high of $301.29. The firm has a market cap of $800.34 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88.

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 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 company had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same quarter last year, the firm posted $6.12 EPS. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. As a group, research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

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.

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