Warwick Investment Management Inc. Acquires 376 Shares of JPMorgan Chase & Co. $JPM

Warwick Investment Management Inc. increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 12.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 3,479 shares of the financial services provider’s stock after buying an additional 376 shares during the period. Warwick Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $853,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of JPM. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $28,000. University of Illinois Foundation bought a new position in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $30,000. Curat Global LLC bought a new position in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $33,000. Measured Risk Portfolios Inc. bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $44,000. Finally, Minot DeBlois Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $54,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $298.60 on Wednesday. The stock’s 50-day simple moving average is $290.00 and its 200 day simple moving average is $264.70. The stock has a market capitalization of $821.07 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a 52-week low of $200.61 and a 52-week high of $301.29.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion for the quarter, compared to analysts’ expectations of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.12 EPS. Research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Insider Activity

In related news, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the sale, the chief operating officer owned 62,455 shares in the company, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Bank of America upped their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Truist Financial upped their price objective on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a “hold” rating in a research note on Wednesday, July 9th. Evercore ISI set a $298.00 price objective on JPMorgan Chase & Co. and gave the company an “outperform” rating in a research note on Monday, July 7th. Citigroup set a $275.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Monday, July 7th. Finally, Morgan Stanley upped their price objective on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $288.68.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.