Edgestream Partners L.P. Purchases 27,906 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Edgestream Partners L.P. raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 288.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 37,567 shares of the financial services provider’s stock after acquiring an additional 27,906 shares during the period. JPMorgan Chase & Co. makes up approximately 0.4% of Edgestream Partners L.P.’s holdings, making the stock its 21st biggest position. Edgestream Partners L.P.’s holdings in JPMorgan Chase & Co. were worth $9,005,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of JPM. Principal Financial Group Inc. increased its holdings in JPMorgan Chase & Co. by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider’s stock worth $1,228,110,000 after acquiring an additional 182,648 shares in the last quarter. United Bank grew its holdings in JPMorgan Chase & Co. by 2.5% during the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider’s stock valued at $5,346,000 after buying an additional 614 shares in the last quarter. Everhart Financial Group Inc. grew its holdings in JPMorgan Chase & Co. by 10.6% during the 3rd quarter. Everhart Financial Group Inc. now owns 24,794 shares of the financial services provider’s stock valued at $5,228,000 after buying an additional 2,383 shares in the last quarter. Vestia Personal Wealth Advisors bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at approximately $218,000. Finally, Keystone Financial Services boosted its position in shares of JPMorgan Chase & Co. by 4.9% during the 3rd quarter. Keystone Financial Services now owns 8,391 shares of the financial services provider’s stock valued at $1,769,000 after acquiring an additional 393 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 3.4 %

JPMorgan Chase & Co. stock opened at $232.94 on Monday. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. The stock has a 50 day moving average of $258.29 and a two-hundred day moving average of $238.95. 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 stock has a market capitalization 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. (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, topping the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted $3.04 earnings per share. As a group, research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction on Thursday, February 20th. The stock was 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 directly owns 54,469 shares in the company, valued at approximately $14,698,459.65. This represents a 7.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at approximately $42,737,529.04. The trade was a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,326 shares of company stock valued at $12,448,445. Corporate insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on JPM shares. 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. Bank of America raised their price target on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research note on Friday, January 3rd. UBS Group lifted their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, Citigroup lifted their target price 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $252.89.

JPMorgan Chase & Co. Profile

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.