Fortress Financial Group LLC Acquires New Position in JPMorgan Chase & Co. (NYSE:JPM)

Fortress Financial Group LLC acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 2,552 shares of the financial services provider's stock, valued at approximately $612,000.

A number of other large investors also recently modified their holdings of JPM. Mizuho Securities Co. Ltd. purchased a new position in shares of JPMorgan Chase & Co. in the third quarter worth about $25,000. Midwest Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $43,000. Collier Financial bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $45,000. Lowe Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 34.0% in 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 purchased a new position in JPMorgan Chase & Co. in the fourth quarter worth about $50,000. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group increased their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Wolfe Research raised JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target on the stock in a report on Friday, January 3rd. Oppenheimer cut shares of JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 20th. Wells Fargo & Company increased their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Finally, Citigroup increased their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $252.89.

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JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM traded up $2.10 on Wednesday, reaching $231.24. The company's stock had a trading volume of 8,035,395 shares, compared to its average volume of 8,793,080. The stock has a market capitalization of $646.57 billion, a P/E ratio of 11.71, a PEG ratio of 2.83 and a beta of 1.10. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The stock's 50-day moving average is $259.05 and its two-hundred day moving average is $238.78. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25.

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, beating analysts' consensus estimates 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 net margin of 20.96% and a return on equity of 16.99%. The business's revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.04 EPS. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insider Buying and Selling

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jennifer Piepszak sold 4,273 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the completion of the transaction, the chief operating officer now directly owns 54,469 shares in the company, valued at approximately $14,698,459.65. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,326 shares of company stock worth $12,448,445. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Company 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.