Parkside Advisors LLC Acquires New Shares in JPMorgan Chase & Co. (NYSE:JPM)

Parkside Advisors LLC acquired a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 1,849 shares of the financial services provider’s stock, valued at approximately $248,000.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its stake in JPMorgan Chase & Co. by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock valued at $28,480,408,000 after buying an additional 2,918,554 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in JPMorgan Chase & Co. by 23.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock valued at $3,566,044,000 after buying an additional 5,978,393 shares in the last quarter. Legal & General Group Plc grew its stake in JPMorgan Chase & Co. by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 21,156,537 shares of the financial services provider’s stock valued at $2,382,439,000 after buying an additional 847,094 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of JPMorgan Chase & Co. by 5.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 21,084,558 shares of the financial services provider’s stock valued at $2,203,621,000 after purchasing an additional 1,058,790 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of JPMorgan Chase & Co. by 21.1% during the 2nd quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock valued at $2,222,815,000 after purchasing an additional 3,435,522 shares in the last quarter. 67.89% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 10,340 shares of the business’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.29, for a total value of $1,450,598.60. Following the transaction, the chief executive officer now owns 544,136 shares in the company, valued at $76,336,839.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 10,340 shares of the 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 owns 544,136 shares in the company, valued at approximately $76,336,839.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mellody L. Hobson bought 375 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 19th. The shares were acquired at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the purchase, the director now directly owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The disclosure for this purchase can be found here. Insiders sold 37,887 shares of company stock valued at $5,315,762 in the last quarter. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Down 3.8 %

NYSE JPM opened at $125.81 on Friday. The stock has a 50-day moving average of $139.06 and a 200-day moving average of $129.21. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $144.34. The firm has a market cap of $370.30 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 2.09 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released 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. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The firm had revenue of $34.55 billion during the quarter, compared to analyst estimates of $34.23 billion. During the same quarter in the prior year, the firm posted $3.33 earnings per share. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 12.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on JPM shares. UBS Group set a $156.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, January 13th. StockNews.com started coverage on shares of JPMorgan Chase & Co. in a research report on Thursday. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their price target for the company from $155.00 to $145.00 in a research report on Friday, January 6th. Piper Sandler boosted their price target on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a research report on Tuesday, January 17th. Finally, Wells Fargo & Company upgraded shares of JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $148.00 to $155.00 in a research report on Monday, March 13th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.78.

JPMorgan Chase & Co. Profile

(Get Rating)

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.