SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Purchases 7,100 Shares of JPMorgan Chase & Co. $JPM

Key Points

• SHEPHERD WEALTH MANAGEMENT Ltd Liability Co increased its stake in JPMorgan Chase & Co. by 66.9%, owning 17,714 shares valued at approximately $4,345,000 as of the latest SEC filing.
• Insider activity includes General Counsel Stacey Friedman selling 6,608 shares and COO Jennifer Piepszak selling 6,128 shares, both indicating a decrease in their ownership percentages.
• Analysts have mixed ratings on JPMorgan Chase; while Wells Fargo raised its price target to $325.00, others like Hsbc Global Res downgraded their rating to "moderate sell."

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 66.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 17,714 shares of the financial services provider's stock after purchasing an additional 7,100 shares during the period. JPMorgan Chase & Co. comprises approximately 4.5% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co's portfolio, making the stock its 12th biggest position. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co's holdings in JPMorgan Chase & Co. were worth $4,345,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JPM. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth $28,000. University of Illinois Foundation purchased a new position in JPMorgan Chase & Co. during the first quarter worth about $30,000. Curat Global LLC bought a new stake in JPMorgan Chase & Co. in the 1st quarter worth about $33,000. Measured Risk Portfolios Inc. purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $44,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $54,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM traded down $1.42 during trading hours on Tuesday, hitting $290.11. The company's stock had a trading volume of 3,341,854 shares, compared to its average volume of 9,863,949. The business has a 50 day simple moving average of $286.92 and a two-hundred day simple moving average of $263.72. JPMorgan Chase & Co. has a 52-week low of $200.61 and a 52-week high of $301.29. 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 $797.73 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 1.93 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping 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 company had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same period last year, the firm earned $6.12 EPS. JPMorgan Chase & Co.'s revenue for the quarter 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.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Truist Financial lifted their target price on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research note on Wednesday, July 9th. Finally, Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $288.68.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the sale, the chief operating officer directly owned 62,455 shares in the company, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.47% of the company's stock.

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.