Partners Capital Investment Group LLP Buys 19,060 Shares of JPMorgan Chase & Co. $JPM

Partners Capital Investment Group LLP increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 90.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,093 shares of the financial services provider’s stock after purchasing an additional 19,060 shares during the period. Partners Capital Investment Group LLP’s holdings in JPMorgan Chase & Co. were worth $9,835,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Accredited Wealth Management LLC grew its position in JPMorgan Chase & Co. by 24.4% in the first quarter. Accredited Wealth Management LLC now owns 4,123 shares of the financial services provider’s stock valued at $1,011,000 after acquiring an additional 808 shares during the last quarter. Elevate Wealth Advisory Inc. bought a new position in JPMorgan Chase & Co. in the first quarter valued at about $207,000. PGIM Custom Harvest LLC grew its position in JPMorgan Chase & Co. by 10.6% in the first quarter. PGIM Custom Harvest LLC now owns 13,811 shares of the financial services provider’s stock valued at $3,388,000 after acquiring an additional 1,320 shares during the last quarter. Osterweis Capital Management Inc. grew its position in JPMorgan Chase & Co. by 0.3% in the first quarter. Osterweis Capital Management Inc. now owns 138,416 shares of the financial services provider’s stock valued at $33,953,000 after acquiring an additional 391 shares during the last quarter. Finally, TFB Advisors LLC grew its position in JPMorgan Chase & Co. by 1.7% in the first quarter. TFB Advisors LLC now owns 6,385 shares of the financial services provider’s stock valued at $1,566,000 after acquiring an additional 106 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the transaction, the chief operating officer directly owned 62,455 shares of the company’s stock, valued at $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on JPM shares. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Evercore ISI set a $298.00 target price on JPMorgan Chase & Co. and gave the company an “outperform” rating in a research report on Monday, July 7th. Citigroup set a $275.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Monday, July 7th. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Friday, June 27th. Finally, Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $288.68.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $291.0580 on Friday. The business’s 50-day moving average price is $288.29 and its 200-day moving average price is $264.27. JPMorgan Chase & Co. has a 12 month low of $200.61 and a 12 month high of $301.29. The firm has a market capitalization of $800.34 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.94 and a beta of 1.11. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating analysts’ consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. During the same period last year, the firm posted $6.12 earnings per share. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.