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

EP Wealth Advisors LLC purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 8,467 shares of the financial services provider’s stock, valued at approximately $443,000.

Other hedge funds have also modified their holdings of the company. Oxler Private Wealth LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.9% during the fourth quarter. Oxler Private Wealth LLC now owns 8,158 shares of the financial services provider’s stock valued at $1,094,000 after buying an additional 71 shares during the last quarter. Prostatis Group LLC grew its position in JPMorgan Chase & Co. by 0.9% in the 1st quarter. Prostatis Group LLC now owns 8,046 shares of the financial services provider’s stock worth $1,059,000 after purchasing an additional 74 shares in the last quarter. Cravens & Co Advisors LLC grew its position in JPMorgan Chase & Co. by 1.3% in the 1st quarter. Cravens & Co Advisors LLC now owns 5,905 shares of the financial services provider’s stock worth $769,000 after purchasing an additional 74 shares in the last quarter. Howard Wealth Management LLC grew its position in JPMorgan Chase & Co. by 2.5% in the 1st quarter. Howard Wealth Management LLC now owns 3,062 shares of the financial services provider’s stock worth $399,000 after purchasing an additional 75 shares in the last quarter. Finally, Goepper Burkhardt LLC grew its position in JPMorgan Chase & Co. by 3.6% in the 4th quarter. Goepper Burkhardt LLC now owns 2,196 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 76 shares in the last quarter. 68.94% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $144.86, for a total value of $624,346.60. Following the sale, the general counsel now directly owns 53,425 shares in the company, valued at approximately $7,739,145.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $148.81 on Monday. The stock has a market capitalization of $432.45 billion, a P/E ratio of 9.58, a PEG ratio of 1.88 and a beta of 1.11. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.28. The firm’s 50 day moving average is $150.88 and its 200 day moving average is $141.59. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $159.38.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, July 14th. The financial services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.75. The company had revenue of $42.40 billion for the quarter, compared to analysts’ expectations of $38.66 billion. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. JPMorgan Chase & Co.’s revenue was up 34.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.76 EPS. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 15.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on JPM shares. StockNews.com started coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $179.00 to $182.00 in a research report on Sunday, July 16th. 888 reaffirmed a “maintains” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 26th. Jefferies Financial Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their target price for the company from $149.00 to $165.00 in a research note on Tuesday, July 11th. Finally, Piper Sandler boosted their target price on shares of JPMorgan Chase & Co. from $158.00 to $168.00 in a research note on Monday, July 17th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.21.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.