M. Kulyk & Associates LLC Acquires New Position in JPMorgan Chase & Co. (NYSE:JPM)

M. Kulyk & Associates LLC acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, Holdings Channel reports. The fund acquired 952 shares of the financial services provider’s stock, valued at approximately $228,000.

Other institutional investors also recently bought and sold shares of the company. Mizuho Securities Co. Ltd. purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $25,000. Midwest Capital Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $43,000. Peterson Financial Group Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $45,000. Legacy Investment Solutions LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $45,000. Finally, Collier Financial purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $45,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the sale, the chief executive officer now owns 158,381 shares in the company, valued at approximately $42,737,529.04. The trade was a 19.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jennifer Piepszak sold 4,273 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 46,326 shares of company stock worth $12,448,445 over the last quarter. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a report on Friday, January 3rd. 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. UBS Group raised their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.89.

JPMorgan Chase & Co. Trading Up 0.7 %

JPMorgan Chase & Co. stock opened at $234.12 on Tuesday. The stock has a market cap of $654.64 billion, a P/E ratio of 11.86, a PEG ratio of 2.83 and a beta of 1.10. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25. The firm’s 50 day moving average price is $258.16 and its 200-day moving average price is $239.04.

JPMorgan Chase & Co. (NYSE:JPM) last released 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. The firm had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.04 earnings per share. On average, equities analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Company 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.