Metis Global Partners LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,123 shares of the financial services provider's stock after buying an additional 1,395 shares during the period. JPMorgan Chase & Co. makes up approximately 1.2% of Metis Global Partners LLC's portfolio, making the stock its 12th biggest position. Metis Global Partners LLC's holdings in JPMorgan Chase & Co. were worth $38,623,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JPM. Principal Financial Group Inc. grew its holdings in 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 worth $1,228,110,000 after buying an additional 182,648 shares in the last quarter. Consolidated Planning Corp boosted its holdings in JPMorgan Chase & Co. by 3.8% during the 3rd quarter. Consolidated Planning Corp now owns 57,612 shares of the financial services provider's stock worth $12,148,000 after acquiring an additional 2,095 shares during the last quarter. Mainstream Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth $1,729,000. Dudley Capital Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.3% in the third quarter. Dudley Capital Management LLC now owns 24,861 shares of the financial services provider's stock valued at $5,242,000 after purchasing an additional 64 shares during the last quarter. Finally, Tandem Investment Advisors Inc. lifted its position in shares of JPMorgan Chase & Co. by 7.8% during the third quarter. Tandem Investment Advisors Inc. now owns 2,527 shares of the financial services provider's stock valued at $533,000 after purchasing an additional 182 shares in the last quarter. 71.55% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on JPM shares. UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods upped their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a report on Thursday, January 16th. Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Bank of America upped their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Finally, Baird R W raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and an average price target of $252.89.
Read Our Latest Stock Report on JPM
Insider Buying and Selling
In other news, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the sale, the insider now directly owns 50,377 shares in the company, valued at $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. The trade was a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,326 shares of company stock valued at $12,448,445. Corporate insiders own 0.79% of the company's stock.
JPMorgan Chase & Co. Stock Performance
Shares of JPM stock opened at $229.26 on Wednesday. The firm's 50 day moving average is $259.05 and its 200 day moving average is $238.78. The stock has a market capitalization of $641.03 billion, a P/E ratio of 11.61, a PEG ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a 12 month low of $179.20 and a 12 month high of $280.25. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its 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 return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. The business's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.04 earnings per share. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.
About JPMorgan Chase & Co.
(
Free Report)
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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