Wealth Preservation Advisors LLC Takes Position in JPMorgan Chase & Co. $JPM

Key Points

• Wealth Preservation Advisors LLC acquired a new stake in JPMorgan Chase & Co. by purchasing 1,752 shares valued at approximately $430,000 during the first quarter.
• Institutional investors and hedge funds now own 71.55% of JPMorgan Chase's stock, with several firms significantly increasing their positions during the same period.
• JPMorgan's recent earnings report showed $4.96 earnings per share, surpassing expectations, but a 10.5% decline in quarterly revenue compared to the previous year.

Wealth Preservation Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,752 shares of the financial services provider's stock, valued at approximately $430,000.

A number of other institutional investors have also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. AG boosted its position in JPMorgan Chase & Co. by 33.8% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 622,565 shares of the financial services provider's stock valued at $152,715,000 after purchasing an additional 157,205 shares during the last quarter. KilterHowling LLC boosted its position in JPMorgan Chase & Co. by 1.1% during the first quarter. KilterHowling LLC now owns 5,230 shares of the financial services provider's stock valued at $1,326,000 after purchasing an additional 56 shares during the last quarter. Transamerica Financial Advisors LLC boosted its position in JPMorgan Chase & Co. by 0.7% during the first quarter. Transamerica Financial Advisors LLC now owns 7,578 shares of the financial services provider's stock valued at $1,859,000 after purchasing an additional 54 shares during the last quarter. Delta Investment Management LLC boosted its position in JPMorgan Chase & Co. by 33.8% during the first quarter. Delta Investment Management LLC now owns 7,916 shares of the financial services provider's stock valued at $1,942,000 after purchasing an additional 1,999 shares during the last quarter. Finally, Paces Ferry Wealth Advisors LLC boosted its position in JPMorgan Chase & Co. by 2.9% during the first quarter. Paces Ferry Wealth Advisors LLC now owns 11,783 shares of the financial services provider's stock valued at $2,890,000 after purchasing an additional 328 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of the company's stock in a transaction that occurred on 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 sale, the chief operating officer directly owned 62,455 shares in the company, valued at approximately $16,392,563.85. This represents a 8.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of research reports. Royal Bank Of Canada set a $305.00 price objective on JPMorgan Chase & Co. and gave the company an "outperform" rating in a research report on Monday, June 30th. Robert W. Baird cut 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. Keefe, Bruyette & Woods boosted their price target 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. HSBC reaffirmed a "reduce" rating and issued a $259.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. Finally, Morgan Stanley boosted their price target on 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. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and an average price target of $288.68.

JPMorgan Chase & Co. Trading Up 1.3%

Shares of JPM opened at $298.60 on Wednesday. JPMorgan Chase & Co. has a 12-month low of $200.61 and a 12-month high of $301.29. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $821.07 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 1.96 and a beta of 1.11. The stock's 50-day moving average price is $290.00 and its 200 day moving average price is $264.70.

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 (EPS) for the quarter, beating 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 analyst estimates of $43.76 billion. During the same period in the previous year, the company posted $6.12 earnings per share. The company's quarterly revenue was down 10.5% compared to the same quarter last year. As a group, research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

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.

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