Chung Wu Investment Group LLC Makes New $3.71 Million Investment in JPMorgan Chase & Co. (NYSE:JPM)

Chung Wu Investment Group LLC purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 15,467 shares of the financial services provider’s stock, valued at approximately $3,708,000. JPMorgan Chase & Co. makes up 3.7% of Chung Wu Investment Group LLC’s portfolio, making the stock its 7th biggest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Mizuho Securities Co. Ltd. acquired a new position in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $25,000. Midwest Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $43,000. Peterson Financial Group Inc. acquired a new position in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $45,000. Legacy Investment Solutions LLC acquired a new position in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $45,000. Finally, Collier Financial acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of recent research reports. Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $215.00 to $220.00 in a report on Friday, March 7th. UBS Group boosted their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods boosted 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. Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Finally, Citigroup lifted their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $252.89.

Insider Activity

In other news, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction on 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jennifer Piepszak sold 4,273 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the completion of the sale, the chief operating officer now owns 54,469 shares in the company, valued at $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. 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 three months. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Stock Up 3.4 %

JPM opened at $232.94 on Friday. The business’s fifty day moving average is $258.29 and its two-hundred day moving average is $238.83. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a market cap of $651.31 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $179.20 and a one year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating 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 business had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same period in the prior year, the business earned $3.04 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. Analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

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.