16,775 Shares in JPMorgan Chase & Co. (NYSE:JPM) Acquired by Vision Financial Markets LLC

Vision Financial Markets LLC bought a new position in JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 16,775 shares of the financial services provider’s stock, valued at approximately $4,021,000. JPMorgan Chase & Co. makes up about 4.3% of Vision Financial Markets LLC’s portfolio, making the stock its 7th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in JPMorgan Chase & Co. by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider’s stock valued at $1,228,110,000 after buying an additional 182,648 shares in the last quarter. United Bank grew its holdings in shares of JPMorgan Chase & Co. by 2.5% in the third quarter. United Bank now owns 25,354 shares of the financial services provider’s stock valued at $5,346,000 after purchasing an additional 614 shares in the last quarter. Ashton Thomas Securities LLC grew its holdings in shares of JPMorgan Chase & Co. by 18.3% in the third quarter. Ashton Thomas Securities LLC now owns 7,355 shares of the financial services provider’s stock valued at $1,551,000 after purchasing an additional 1,139 shares in the last quarter. Kennebec Savings Bank purchased a new position in shares of JPMorgan Chase & Co. in the third quarter valued at $2,493,000. Finally, Paragon Capital Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 21.5% in the third quarter. Paragon Capital Management LLC now owns 1,790 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 317 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 3.4 %

NYSE:JPM opened at $232.94 on Friday. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. The company has a market cap of $651.31 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The stock has a fifty day simple moving average of $258.29 and a 200-day simple moving average of $238.83. 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) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion for 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%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.04 earnings per share. Analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, 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 owns 47,620 shares in the company, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now owns 50,377 shares in the company, valued at $13,606,323.93. The trade was a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,326 shares of company stock worth $12,448,445 over the last quarter. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on JPM. Oppenheimer lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Bank of America raised their target price 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. Baird R W raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. Keefe, Bruyette & Woods raised their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Finally, Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target for the company in a research report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus 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.