1,138,970 Shares in JPMorgan Chase & Co. $JPM Purchased by Strs Ohio

Key Points

• Strs Ohio recently acquired 1,138,970 shares of JPMorgan Chase & Co., valued at approximately $279.4 million, making it 10th in the fund's holdings.
• Several institutional investors, including Florida Financial Advisors LLC and Crown Wealth Group LLC, have increased their stakes in JPMorgan Chase & Co. during the first quarter.
• JPMorgan Chase & Co. has received mixed ratings from analysts, with price targets ranging from $291.67 to $325.00, reflecting varying outlooks on the stock's performance.

Strs Ohio purchased 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 SEC. The institutional investor purchased 1,138,970 shares of the financial services provider's stock, valued at approximately $279,389,000. JPMorgan Chase & Co. accounts for approximately 1.2% of Strs Ohio's portfolio, making the stock its 10th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $28,000. University of Illinois Foundation bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $30,000. Curat Global LLC bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $33,000. Minot DeBlois Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $54,000. Finally, Capital A Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $64,000. Institutional investors own 71.55% of the company's stock.

Insider Activity

In related 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 completion of the transaction, 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 legal filing with the SEC, which is accessible through this link. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Up 0.7%

NYSE JPM traded up $2.08 during midday trading on Monday, hitting $308.99. 1,978,767 shares of the company traded hands, compared to its average volume of 9,579,038. 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 $849.63 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 2.04 and a beta of 1.13. The company's 50-day simple moving average is $293.94 and its 200-day simple moving average is $267.44. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $309.95.

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 EPS for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. The company had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm's revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.12 EPS. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target on the stock. in a research note on Friday, June 27th. Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. Zacks Research cut JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Morgan Stanley boosted their target price on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods boosted their target price on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. One research 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 issued a Sell rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and an average target price of $291.67.

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.