JPMorgan Chase & Co. $JPM Stake Boosted by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 112.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,880 shares of the financial services provider’s stock after purchasing an additional 6,830 shares during the quarter. JPMorgan Chase & Co. makes up 2.0% of Gordian Capital Singapore Pte Ltd’s investment portfolio, making the stock its 12th largest holding. Gordian Capital Singapore Pte Ltd’s holdings in JPMorgan Chase & Co. were worth $3,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in JPMorgan Chase & Co. in the 1st quarter worth about $28,000. University of Illinois Foundation acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth about $30,000. Curat Global LLC acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth about $33,000. Measured Risk Portfolios Inc. acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $44,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $54,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on JPM. Wells Fargo & Company raised their price objective on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Cowen restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Hsbc Global Res lowered JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. Phillip Securities downgraded JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 16th. Finally, Citigroup set a $275.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $288.68.

JPMorgan Chase & Co. Stock Up 0.5%

Shares of JPM stock opened at $300.81 on Friday. The stock’s 50 day simple moving average is $291.05 and its 200 day simple moving average is $265.15. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a twelve month low of $200.61 and a twelve month high of $301.29. The company has a market capitalization of $827.15 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 1.99 and a beta of 1.11.

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 the consensus estimate 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 period last year, the business earned $6.12 EPS. As a group, research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the firm’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 owned 62,455 shares of the company’s stock, valued at $16,392,563.85. This trade represents a 8.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.47% of the stock is owned by company insiders.

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.