Maripau Wealth Management LLC Invests $1.02 Million in JPMorgan Chase & Co. (NYSE:JPM)

Maripau Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,269 shares of the financial services provider's stock, valued at approximately $1,023,000.

Other institutional investors have also made changes to their positions in the company. Dechtman Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 2.2% during the third quarter. Dechtman Wealth Management LLC now owns 5,829 shares of the financial services provider's stock worth $1,229,000 after buying an additional 128 shares in the last quarter. M&G PLC lifted its holdings in JPMorgan Chase & Co. by 2.9% during the third quarter. M&G PLC now owns 398,102 shares of the financial services provider's stock worth $84,000,000 after acquiring an additional 11,181 shares in the last quarter. Prudent Investors Network Inc. acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter worth approximately $340,000. Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the third quarter worth about $2,524,000. Finally, Graypoint LLC grew its position in JPMorgan Chase & Co. by 2.5% in the third quarter. Graypoint LLC now owns 40,486 shares of the financial services provider's stock valued at $8,537,000 after purchasing an additional 994 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the sale, the chief executive officer now directly owns 158,381 shares in the company, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 20th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,326 shares of company stock valued at $12,448,445 in the last ninety days. Corporate insiders own 0.79% of the company's stock.

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JPMorgan Chase & Co. Price Performance

JPM stock traded up $2.06 on Wednesday, reaching $231.20. 8,035,395 shares of the company's stock were exchanged, compared to its average volume of 8,793,080. The firm has a market cap of $646.45 billion, a PE ratio of 11.71, a P/E/G ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. The stock has a fifty day moving average of $259.05 and a 200-day moving average of $238.78. 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. (NYSE:JPM - Get Free Report) last released 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. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $42.77 billion for the quarter, compared to analysts' expectations of $41.90 billion. During the same period last year, the company earned $3.04 EPS. The firm's revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, equities analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on JPM shares. Oppenheimer cut JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a report on Wednesday, November 20th. Citigroup lifted their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th. Wells Fargo & Company boosted 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. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Finally, Wolfe Research upgraded 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. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $252.89.

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.