TFB Advisors LLC Grows Position in JPMorgan Chase & Co. $JPM

TFB Advisors LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 6,385 shares of the financial services provider’s stock after acquiring an additional 106 shares during the quarter. TFB Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,566,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wimmer Associates 1 LLC raised its position in shares of JPMorgan Chase & Co. by 1.0% during the 4th quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider’s stock valued at $986,000 after acquiring an additional 40 shares in the last quarter. Twin Lakes Capital Management LLC increased its stake in JPMorgan Chase & Co. by 0.3% during the fourth quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider’s stock valued at $3,340,000 after purchasing an additional 40 shares during the last quarter. First Command Advisory Services Inc. raised its holdings in shares of JPMorgan Chase & Co. by 0.4% during the first quarter. First Command Advisory Services Inc. now owns 9,306 shares of the financial services provider’s stock worth $2,283,000 after purchasing an additional 40 shares during the period. Black Swift Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.7% during the first quarter. Black Swift Group LLC now owns 5,759 shares of the financial services provider’s stock worth $1,413,000 after purchasing an additional 40 shares during the period. Finally, Beacon Bridge Wealth Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 1.8% in the 1st quarter. Beacon Bridge Wealth Partners LLC now owns 2,231 shares of the financial services provider’s stock worth $547,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity 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 shares were 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 directly owned 62,455 shares of the company’s stock, valued at approximately $16,392,563.85. This represents a 8.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. TD Securities reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Cowen reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. 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 report on Friday, June 27th. Truist Financial raised their price target on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a “hold” rating in a report on Wednesday, July 9th. Finally, Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.68.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $292.1840 on Thursday. JPMorgan Chase & Co. has a 12-month low of $200.61 and a 12-month high of $301.29. The company has a market cap of $803.43 billion, a PE ratio of 14.99, a P/E/G ratio of 1.93 and a beta of 1.11. The stock has a 50 day simple moving average of $287.83 and a 200-day simple moving average of $264.10. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating analysts’ consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion for the quarter, compared to analysts’ expectations of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company’s revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $6.12 earnings per share. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

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.