Bridgefront Capital LLC Invests $791,000 in JPMorgan Chase & Co. $JPM

Bridgefront Capital LLC acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,507 shares of the financial services provider’s stock, valued at approximately $791,000.

Other institutional investors have also recently made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of JPMorgan Chase & Co. by 6.7% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 265,602 shares of the financial services provider’s stock valued at $83,771,000 after acquiring an additional 16,655 shares in the last quarter. California Public Employees Retirement System raised its position in shares of JPMorgan Chase & Co. by 19.6% in the 3rd quarter. California Public Employees Retirement System now owns 6,615,749 shares of the financial services provider’s stock valued at $2,086,806,000 after purchasing an additional 1,082,913 shares during the last quarter. Chilton Investment Co. Inc. boosted its stake in JPMorgan Chase & Co. by 79.4% in the 3rd quarter. Chilton Investment Co. Inc. now owns 40,094 shares of the financial services provider’s stock worth $12,647,000 after purchasing an additional 17,739 shares in the last quarter. Anchor Investment Management LLC boosted its stake in JPMorgan Chase & Co. by 3.1% in the 3rd quarter. Anchor Investment Management LLC now owns 41,559 shares of the financial services provider’s stock worth $13,109,000 after purchasing an additional 1,262 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter worth approximately $578,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling

In other news, COO Jennifer Piepszak sold 8,571 shares of the business’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $312.79, for a total value of $2,680,923.09. Following the completion of the transaction, the chief operating officer owned 71,027 shares of the company’s stock, valued at $22,216,535.33. The trade was a 10.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robin Leopold sold 432 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $307.14, for a total value of $132,684.48. Following the completion of the sale, the insider owned 65,353 shares in the company, valued at $20,072,520.42. The trade was a 0.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 71,596 shares of company stock valued at $22,067,932 in the last 90 days. 0.47% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $336.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Freedom Capital upgraded shares of JPMorgan Chase & Co. to a “hold” rating in a research note on Wednesday, January 14th. Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, February 24th. Finally, Morgan Stanley set a $331.00 target price on JPMorgan Chase & Co. in a research note on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $340.00.

Read Our Latest Report on JPMorgan Chase & Co.

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JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $283.47 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $337.25. The company has a 50 day simple moving average of $306.73 and a two-hundred day simple moving average of $308.43. The stock has a market cap of $764.52 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 1.17 and a beta of 1.06.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly earnings data on Tuesday, January 13th. The financial services provider reported $5.23 EPS for the quarter, beating the consensus estimate of $4.93 by $0.30. JPMorgan Chase & Co. had a net margin of 20.35% and a return on equity of 17.16%. The business had revenue of $45.80 billion for the quarter, compared to the consensus estimate of $45.98 billion. During the same period in the prior year, the firm earned $4.81 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

About JPMorgan Chase & Co.

(Free Report)

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

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

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