James Reed Financial Services Inc. Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

James Reed Financial Services Inc. bought a new position in JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,351 shares of the financial services provider’s stock, valued at approximately $324,000. JPMorgan Chase & Co. comprises about 0.3% of James Reed Financial Services Inc.’s investment portfolio, making the stock its 13th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of JPM. Tacita Capital Inc raised its stake in shares of JPMorgan Chase & Co. by 7.5% in the fourth quarter. Tacita Capital Inc now owns 2,507 shares of the financial services provider’s stock worth $601,000 after buying an additional 175 shares during the period. WMG Financial Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 5.4% in the fourth quarter. WMG Financial Advisors LLC now owns 2,834 shares of the financial services provider’s stock worth $679,000 after buying an additional 146 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of JPMorgan Chase & Co. by 3.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 636,912 shares of the financial services provider’s stock worth $152,674,000 after buying an additional 20,088 shares during the period. Global Strategic Investment Solutions LLC raised its stake in shares of JPMorgan Chase & Co. by 11.7% in the fourth quarter. Global Strategic Investment Solutions LLC now owns 2,881 shares of the financial services provider’s stock worth $691,000 after buying an additional 302 shares during the period. Finally, Unified Investment Management bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $1,614,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other JPMorgan Chase & Co. 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 transaction, the insider now owns 50,377 shares of the company’s stock, valued at $13,606,323.93. This represents a 2.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the transaction, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,326 shares of company stock valued at $12,448,445. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $224.32 on Friday. The company has a market cap of $627.21 billion, a price-to-earnings ratio of 11.36, 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. The stock’s 50 day simple moving average is $258.50 and its two-hundred day simple moving average is $238.60. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share 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 the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.04 EPS. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on JPM shares. Wells Fargo & Company raised their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Baird R W raised JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. Bank of America lifted their target price 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. 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. Finally, Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $215.00 to $220.00 in a research note on Friday, March 7th. 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 stock presently has an average 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.