Pure Financial Advisors LLC Has $485,000 Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Pure Financial Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 49.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,613 shares of the financial services provider’s stock after purchasing an additional 1,203 shares during the period. Pure Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $485,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. CGN Advisors LLC boosted its position in JPMorgan Chase & Co. by 52.1% during the fourth quarter. CGN Advisors LLC now owns 14,918 shares of the financial services provider’s stock valued at $2,000,000 after purchasing an additional 5,110 shares during the last quarter. MinichMacGregor Wealth Management LLC lifted its holdings in JPMorgan Chase & Co. by 33.8% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 4,666 shares of the financial services provider’s stock worth $626,000 after purchasing an additional 1,180 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in JPMorgan Chase & Co. by 3.4% during the 4th quarter. Yousif Capital Management LLC now owns 499,813 shares of the financial services provider’s stock worth $67,025,000 after purchasing an additional 16,249 shares during the last quarter. Dentgroup LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $209,000. Finally, Wedmont Private Capital lifted its holdings in JPMorgan Chase & Co. by 20.5% during the 4th quarter. Wedmont Private Capital now owns 17,550 shares of the financial services provider’s stock worth $2,421,000 after purchasing an additional 2,982 shares during the last quarter. 67.89% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 3.8 %

Shares of JPMorgan Chase & Co. stock opened at $125.81 on Friday. The company’s fifty day simple moving average is $139.06 and its 200-day simple moving average is $129.21. The stock has a market capitalization of $370.30 billion, a PE ratio of 10.41, a P/E/G ratio of 2.09 and a beta of 1.12. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $144.34. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.11 by $0.46. The company had revenue of $34.55 billion for the quarter, compared to analysts’ expectations of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. JPMorgan Chase & Co.’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.33 EPS. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 12.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Piper Sandler lifted their price target on JPMorgan Chase & Co. from $150.00 to $157.00 in a report on Tuesday, January 17th. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $167.00 to $173.00 and gave the stock an “overweight” rating in a research note on Friday, February 24th. Credit Suisse Group set a $155.00 price target on JPMorgan Chase & Co. in a research note on Monday, February 27th. StockNews.com assumed coverage on JPMorgan Chase & Co. in a research note on Thursday. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company raised JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $148.00 to $155.00 in a report on Monday, March 13th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $150.78.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 10,340 shares of the business’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.29, for a total value of $1,450,598.60. Following the sale, the chief executive officer now owns 544,136 shares in the company, valued at approximately $76,336,839.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Mellody L. Hobson purchased 375 shares of the business’s stock in a transaction that occurred on Thursday, January 19th. The shares were bought at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the acquisition, the director now owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the transaction, the chief executive officer now owns 544,136 shares in the company, valued at $76,336,839.44. The disclosure for this sale can be found here. Insiders have sold a total of 37,887 shares of company stock worth $5,315,762 in the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Profile

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JPMorgan Chase & Co is a financial holding company, which engages in providing 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.