8,467 Shares in JPMorgan Chase & Co. (NYSE:JPM) Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new position in JPMorgan Chase & Co. (NYSE:JPM) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,467 shares of the financial services provider’s stock, valued at approximately $443,000.

A number of other institutional investors also recently bought and sold shares of JPM. Adirondack Retirement Specialists Inc. increased its stake in JPMorgan Chase & Co. by 510.8% in the first quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 189 shares during the period. Nordwand Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the first quarter valued at $30,000. Boulder Wealth Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $43,000. Sageworth Trust Co increased its stake in shares of JPMorgan Chase & Co. by 266.7% during the first quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock valued at $53,000 after buying an additional 296 shares during the period. Finally, Freedom Wealth Alliance LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $60,000. 68.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JPM. HSBC began coverage on JPMorgan Chase & Co. in a research note on Thursday, September 7th. They issued a “hold” rating and a $159.00 target price on the stock. Credit Suisse Group raised their price target on JPMorgan Chase & Co. from $160.00 to $170.00 in a report on Monday, July 17th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 price target for the company in a report on Friday, July 7th. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $174.00 to $180.00 in a report on Monday, July 17th. Finally, Jefferies Financial Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $149.00 to $165.00 in a report on Tuesday, July 11th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $167.21.

JPMorgan Chase & Co. Stock Down 0.3 %

Shares of JPM opened at $148.81 on Monday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.90 and a current ratio of 0.90. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $159.38. The stock has a market capitalization of $432.45 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 1.88 and a beta of 1.11. The stock has a 50 day moving average price of $150.88 and a 200 day moving average price of $141.59.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, July 14th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $3.62 by $0.75. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The firm had revenue of $42.40 billion during the quarter, compared to analysts’ expectations of $38.66 billion. During the same period in the previous year, the business earned $2.76 earnings per share. The firm’s revenue for the quarter was up 34.1% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 15.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total transaction of $624,346.60. Following the transaction, the general counsel now owns 53,425 shares of the company’s stock, valued at $7,739,145.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Company Profile

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 deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.