Investment Partners LTD. Raises Position in JPMorgan Chase & Co. (NYSE:JPM)

Investment Partners LTD. increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,415 shares of the financial services provider’s stock after purchasing an additional 615 shares during the quarter. JPMorgan Chase & Co. accounts for 1.9% of Investment Partners LTD.’s investment portfolio, making the stock its 13th biggest position. Investment Partners LTD.’s holdings in JPMorgan Chase & Co. were worth $4,654,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in JPM. Principal Financial Group Inc. grew its holdings in JPMorgan Chase & Co. by 3.2% in 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 acquiring an additional 182,648 shares during the last quarter. Capital Performance Advisors LLP grew its holdings in JPMorgan Chase & Co. by 33.4% in the 3rd quarter. Capital Performance Advisors LLP now owns 2,598 shares of the financial services provider’s stock worth $548,000 after acquiring an additional 650 shares during the last quarter. SFG Wealth Management LLC. grew its holdings in JPMorgan Chase & Co. by 6.8% in the 3rd quarter. SFG Wealth Management LLC. now owns 2,782 shares of the financial services provider’s stock worth $587,000 after acquiring an additional 178 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. grew its holdings in JPMorgan Chase & Co. by 34.4% in the 3rd quarter. Strategic Family Wealth Counselors L.L.C. now owns 4,844 shares of the financial services provider’s stock worth $1,021,000 after acquiring an additional 1,241 shares during the last quarter. Finally, Hollencrest Capital Management grew its holdings in JPMorgan Chase & Co. by 0.3% in the 3rd quarter. Hollencrest Capital Management now owns 71,675 shares of the financial services provider’s stock worth $15,113,000 after acquiring an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on JPM shares. Keefe, Bruyette & Woods raised their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a report on Thursday, January 16th. UBS Group raised their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Wells Fargo & Company lifted their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Truist Financial lifted their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Finally, Oppenheimer lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.89.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the transaction, the chief operating officer now owns 54,469 shares in the company, valued at $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,326 shares of company stock worth $12,448,445. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.5 %

NYSE:JPM opened at $227.89 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The firm has a market capitalization of $637.22 billion, a P/E ratio of 11.54, a PEG ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $179.20 and a one year high of $280.25. The company’s 50-day simple moving average is $258.81 and its 200 day simple moving average is $238.70.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.04 earnings per share. As a group, analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Profile

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.