10,206 Shares in JPMorgan Chase & Co. (NYSE:JPM) Bought by PCG Asset Management LLC

PCG Asset Management LLC acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 10,206 shares of the financial services provider's stock, valued at approximately $2,447,000. JPMorgan Chase & Co. makes up 2.1% of PCG Asset Management LLC's portfolio, making the stock its 15th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mizuho Securities Co. Ltd. bought a new position in JPMorgan Chase & Co. during the 3rd quarter worth $25,000. Midwest Capital Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $43,000. Collier Financial bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $45,000. Lowe Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 34.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider's stock worth $48,000 after acquiring an additional 51 shares during the last quarter. Finally, Kieckhefer Group LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $50,000. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $229.26 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The business has a 50-day simple moving average of $259.05 and a two-hundred day simple moving average of $238.78. The company has a market capitalization of $641.03 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25.

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JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly 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 business had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.'s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.04 earnings per share. Research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target on the stock in a research report on Friday, January 3rd. Citigroup boosted their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th. Barclays increased their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Truist Financial lifted their price objective on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a "hold" rating in a research report on Thursday, January 16th. Finally, Piper Sandler upped their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Tuesday, December 3rd. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $252.89.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the sale, the chief operating officer now directly owns 54,469 shares in the company, valued at approximately $14,698,459.65. This trade represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the transaction, the insider now owns 50,377 shares of the company's stock, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,326 shares of company stock worth $12,448,445 in the last quarter. 0.79% of the stock is currently owned by corporate insiders.

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.

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