SVB Wealth LLC Takes Position in JPMorgan Chase & Co. (NYSE:JPM)

SVB Wealth LLC bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 217,752 shares of the financial services provider's stock, valued at approximately $52,197,000. JPMorgan Chase & Co. accounts for about 1.0% of SVB Wealth LLC's investment portfolio, making the stock its 11th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mizuho Securities Co. Ltd. purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $25,000. Midwest Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $43,000. Collier Financial purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $45,000. Lowe Wealth Advisors LLC boosted its position 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 purchasing an additional 51 shares during the period. Finally, Kieckhefer Group LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $50,000. Institutional investors own 71.55% of the company's stock.

Insiders Place Their Bets

In other news, insider Robin Leopold sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the sale, the insider now owns 50,377 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % 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 valued at $12,448,445. Insiders own 0.79% of the company's stock.

Remove Ads

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM traded up $2.06 during mid-day trading on Wednesday, reaching $231.20. The stock had a trading volume of 8,035,395 shares, compared to its average volume of 8,793,080. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year 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. The business's 50 day moving average price is $259.05 and its 200 day moving average price is $238.78. The company has a market cap of $646.45 billion, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10.

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 for the quarter, topping analysts' consensus estimates of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.04 earnings per share. Research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on JPM. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Robert W. Baird raised 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. Bank of America upped their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods lifted their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company boosted 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. Ten 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, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and an average 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.