Brookstone Capital Management Acquires 12,997 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Brookstone Capital Management lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 8.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 165,878 shares of the financial services provider’s stock after purchasing an additional 12,997 shares during the period. Brookstone Capital Management’s holdings in JPMorgan Chase & Co. were worth $22,881,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in JPM. Aptus Capital Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 11.3% during the third quarter. Aptus Capital Advisors LLC now owns 153,622 shares of the financial services provider’s stock worth $16,054,000 after acquiring an additional 15,607 shares in the last quarter. Leisure Capital Management lifted its holdings in JPMorgan Chase & Co. by 2.7% during the third quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider’s stock worth $2,376,000 after acquiring an additional 600 shares in the last quarter. Ballentine Partners LLC lifted its holdings in JPMorgan Chase & Co. by 12.4% during the third quarter. Ballentine Partners LLC now owns 51,929 shares of the financial services provider’s stock worth $5,427,000 after acquiring an additional 5,719 shares in the last quarter. BerganKDV Wealth Management LLC lifted its holdings in JPMorgan Chase & Co. by 6.1% during the third quarter. BerganKDV Wealth Management LLC now owns 35,995 shares of the financial services provider’s stock worth $3,762,000 after acquiring an additional 2,079 shares in the last quarter. Finally, Busey Wealth Management lifted its holdings in JPMorgan Chase & Co. by 1.4% during the third quarter. Busey Wealth Management now owns 242,758 shares of the financial services provider’s stock worth $25,369,000 after acquiring an additional 3,357 shares in the last quarter. 67.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and dropped their price target for the company from $155.00 to $145.00 in a research note on Friday, January 6th. Royal Bank of Canada set a $130.00 price target on JPMorgan Chase & Co. in a research note on Friday, January 13th. StockNews.com assumed coverage on JPMorgan Chase & Co. in a research note on Thursday. They issued a “hold” rating on the stock. Credit Suisse Group set a $155.00 price target on JPMorgan Chase & Co. in a research note on Monday, February 27th. Finally, Barclays lifted their target price on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $150.78.

Insider Activity at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 23,148 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the sale, the general counsel now owns 48,311 shares in the company, valued at approximately $6,778,516.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 23,148 shares of the firm’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total value of $3,247,895.88. Following the completion of the transaction, the general counsel now directly owns 48,311 shares of the company’s stock, valued at approximately $6,778,516.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total value of $1,450,598.60. Following the completion of the sale, the chief executive officer now directly owns 544,136 shares of the company’s stock, valued at approximately $76,336,839.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,887 shares of company stock valued at $5,315,762. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Down 3.8 %

Shares of JPM opened at $125.81 on Friday. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $144.34. The company has a market cap of $370.30 billion, a P/E ratio of 10.41, a P/E/G ratio of 2.09 and a beta of 1.12. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a 50 day simple moving average of $139.06 and a two-hundred day simple moving average of $129.21.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.11 by $0.46. The business had revenue of $34.55 billion during the quarter, compared to the consensus estimate of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. JPMorgan Chase & Co.’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.33 earnings per share. Research analysts forecast that JPMorgan Chase & Co. will post 12.9 EPS for the current fiscal year.

JPMorgan Chase & Co. Profile

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JPMorgan Chase & Co is a financial holding company, which engages in providing 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.