Silphium Asset Management Ltd Acquires New Shares in JPMorgan Chase & Co. (NYSE:JPM)

Silphium Asset Management Ltd bought a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,240 shares of the financial services provider's stock, valued at approximately $1,016,000.

Several other hedge funds and other institutional investors have also bought and sold shares of JPM. Principal Financial Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 3.2% during the third quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider's stock valued at $1,228,110,000 after acquiring an additional 182,648 shares in the last quarter. Capital Performance Advisors LLP grew its stake in JPMorgan Chase & Co. by 33.4% during the 3rd quarter. Capital Performance Advisors LLP now owns 2,598 shares of the financial services provider's stock valued at $548,000 after purchasing an additional 650 shares during the last quarter. SFG Wealth Management LLC. increased its holdings in shares of JPMorgan Chase & Co. by 6.8% in the third quarter. SFG Wealth Management LLC. now owns 2,782 shares of the financial services provider's stock valued at $587,000 after purchasing an additional 178 shares during the period. Strategic Family Wealth Counselors L.L.C. raised its stake in shares of JPMorgan Chase & Co. by 34.4% in the third quarter. Strategic Family Wealth Counselors L.L.C. now owns 4,844 shares of the financial services provider's stock worth $1,021,000 after purchasing an additional 1,241 shares during the last quarter. Finally, Hollencrest Capital Management lifted its holdings in shares of JPMorgan Chase & Co. by 0.3% during the third quarter. Hollencrest Capital Management now owns 71,675 shares of the financial services provider's stock worth $15,113,000 after purchasing an additional 211 shares during the period. Institutional investors own 71.55% of the company's stock.

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JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded down $3.59 during trading on Thursday, hitting $224.32. The company had a trading volume of 16,456,214 shares, compared to its average volume of 8,869,782. The firm has a market capitalization of $627.21 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The stock has a fifty day simple moving average of $258.81 and a two-hundred day simple moving average of $238.70. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a fifty-two week low of $179.20 and a fifty-two week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data 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. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $42.77 billion for the quarter, compared to analysts' expectations of $41.90 billion. During the same period in the previous year, the firm posted $3.04 EPS. JPMorgan Chase & Co.'s revenue was up 10.9% compared to the same quarter last year. On average, research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total value of $1,153,069.05. Following the transaction, the chief operating officer now owns 54,469 shares in the company, valued at approximately $14,698,459.65. This trade represents a 7.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the sale, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. This trade represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,326 shares of company stock valued at $12,448,445 over the last ninety days. Insiders own 0.79% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on JPM shares. Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Citigroup upped their price target 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. Keefe, Bruyette & Woods lifted their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research note on Thursday, January 16th. Finally, Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $252.89.

About JPMorgan Chase & Co.

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.