By otakuyassine3@gmail.com 
E Fund Management Co. Ltd. grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 55.1% during the fourth quarter, HoldingsChannel reports. The fund owned 33,741 shares of the financial services provider’s stock after acquiring an additional 11,980 shares during the quarter. E Fund Management Co. Ltd.’s holdings in JPMorgan Chase & Co. were worth $8,088,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. grew its stake in JPMorgan Chase & Co. by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider’s stock worth $1,228,110,000 after buying an additional 182,648 shares during the last quarter. United Bank grew its stake in JPMorgan Chase & Co. by 2.5% during the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider’s stock worth $5,346,000 after buying an additional 614 shares during the last quarter. Ashton Thomas Securities LLC grew its stake in JPMorgan Chase & Co. by 18.3% during the 3rd quarter. Ashton Thomas Securities LLC now owns 7,355 shares of the financial services provider’s stock worth $1,551,000 after buying an additional 1,139 shares during the last quarter. Kennebec Savings Bank purchased a new position in JPMorgan Chase & Co. during the 3rd quarter worth $2,493,000. Finally, Paragon Capital Management LLC grew its stake in JPMorgan Chase & Co. by 21.5% during the 3rd quarter. Paragon Capital Management LLC now owns 1,790 shares of the financial services provider’s stock worth $378,000 after buying an additional 317 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the transaction, the insider now owns 50,377 shares of the company’s stock, valued at $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the transaction, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at $42,737,529.04. The trade was a 19.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,326 shares of company stock valued at $12,448,445. 0.79% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
JPM has been the topic of several research analyst reports. Barclays boosted their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research note on Friday, January 3rd. Robert W. Baird upgraded JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Finally, Truist Financial boosted their price target on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $252.89.
Check Out Our Latest Analysis on JPMorgan Chase & Co.
JPMorgan Chase & Co. Stock Performance
NYSE JPM opened at $232.94 on Friday. The stock has a market capitalization of $651.31 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The stock has a 50-day moving average of $258.29 and a 200 day moving average of $238.83.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.04 EPS. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.
About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.
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