Tenere Capital LLC Purchases Shares of 27,300 JPMorgan Chase & Co. (NYSE:JPM)

Tenere Capital LLC acquired a new position in JPMorgan Chase & Co. (NYSE:JPM) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 27,300 shares of the financial services provider’s stock, valued at approximately $4,156,000. JPMorgan Chase & Co. comprises 2.4% of Tenere Capital LLC’s holdings, making the stock its 20th biggest holding.

Several other institutional investors have also recently made changes to their positions in JPM. Joseph Group Capital Management purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $1,353,000. Dravo Bay LLC purchased a new position in JPMorgan Chase & Co. during the first quarter valued at $26,000. Advanced Research Investment Solutions LLC increased its holdings in JPMorgan Chase & Co. by 118.2% in the 1st quarter. Advanced Research Investment Solutions LLC now owns 288 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 156 shares during the last quarter. Cordant Inc. bought a new stake in JPMorgan Chase & Co. in the 1st quarter valued at $47,000. Finally, Delos Wealth Advisors LLC lifted its stake in JPMorgan Chase & Co. by 13,433.3% in the 4th quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 403 shares in the last quarter. Hedge funds and other institutional investors own 68.57% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $119.17 on Friday. The company’s fifty day moving average price is $115.44 and its 200 day moving average price is $123.65. JPMorgan Chase & Co. has a 1 year low of $106.06 and a 1 year high of $172.96. The stock has a market capitalization of $349.47 billion, a P/E ratio of 9.56, a P/E/G ratio of 2.05 and a beta of 1.10. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.83 and a current ratio of 0.83.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, hitting the consensus estimate of $2.76. The business had revenue of $30.72 billion for the quarter, compared to analyst estimates of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.78 EPS. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 11.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $148.00 target price (up from $142.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 24th. Royal Bank of Canada set a $130.00 price objective on JPMorgan Chase & Co. in a report on Tuesday. UBS Group cut their target price on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating for the company in a report on Friday, July 15th. Wells Fargo & Company decreased their price target on shares of JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 14th. Finally, Citigroup raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and decreased their price target for the company from $145.00 to $135.00 in a research note on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $145.95.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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