Gries Financial LLC Acquires 8,410 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Gries Financial LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 36.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,672 shares of the financial services provider’s stock after acquiring an additional 8,410 shares during the period. JPMorgan Chase & Co. makes up 1.4% of Gries Financial LLC’s investment portfolio, making the stock its 12th largest holding. Gries Financial LLC’s holdings in JPMorgan Chase & Co. were worth $4,247,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of JPM. Cantor Fitzgerald Investment Advisor L.P lifted its stake in shares of JPMorgan Chase & Co. by 81.1% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after buying an additional 99,636 shares in the last quarter. BCK Partners Inc. bought a new position in shares of JPMorgan Chase & Co. in the first quarter worth approximately $2,455,000. LSV Asset Management lifted its stake in shares of JPMorgan Chase & Co. by 35.6% in the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after buying an additional 9,800 shares in the last quarter. Wsfs Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 70.8% in the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after buying an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC lifted its stake in shares of JPMorgan Chase & Co. by 1,451.4% in the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after buying an additional 3,527 shares in the last quarter. Institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Stock Down 3.8 %

Shares of JPM stock opened at $125.81 on Friday. The company has a 50 day simple moving average of $139.06 and a two-hundred day simple moving average of $129.31. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. The stock has a market cap of $370.30 billion, a P/E ratio of 10.41, a P/E/G ratio of 1.99 and a beta of 1.12. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $144.34.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.11 by $0.46. The firm had revenue of $34.55 billion during 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%. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.33 earnings per share. On average, research analysts expect that JPMorgan Chase & Co. will post 12.9 earnings per share for the current year.

Insider Transactions at JPMorgan Chase & Co.

In other news, Director Mellody L. Hobson acquired 375 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 19th. The stock was purchased at an average cost of $134.53 per share, with a total value of $50,448.75. Following the completion of the purchase, the director now directly owns 22,040 shares in the company, valued at approximately $2,965,041.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, General Counsel Stacey Friedman sold 23,148 shares of the company’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the transaction, the general counsel now owns 48,311 shares in the company, valued at $6,778,516.41. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mellody L. Hobson bought 375 shares of the company’s stock in a transaction that occurred on Thursday, January 19th. The shares were bought at an average price of $134.53 per share, with a total value of $50,448.75. Following the transaction, the director now owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The disclosure for this purchase can be found here. Insiders sold a total of 37,887 shares of company stock valued at $5,315,762 over the last three months. Corporate insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on JPM. Morgan Stanley increased their price objective on shares of JPMorgan Chase & Co. from $167.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, February 24th. Deutsche Bank Aktiengesellschaft downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lowered their price objective for the company from $155.00 to $145.00 in a research report on Friday, January 6th. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a research report on Tuesday, January 17th. Citigroup increased their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Finally, Oppenheimer increased their price objective on shares of JPMorgan Chase & Co. from $177.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, February 2nd. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.78.

JPMorgan Chase & Co. Company 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.