JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 8.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,013 shares of the financial services provider’s stock after buying an additional 6,453 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.8% of Ashton Thomas Private Wealth LLC’s holdings, making the stock its 23rd biggest holding. Ashton Thomas Private Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $19,899,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Strategic Family Wealth Counselors L.L.C. lifted its holdings in JPMorgan Chase & Co. by 10.9% in the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 5,373 shares of the financial services provider’s stock worth $1,288,000 after buying an additional 529 shares in the last quarter. Callan Family Office LLC increased its position in shares of JPMorgan Chase & Co. by 385.3% in the 4th quarter. Callan Family Office LLC now owns 41,460 shares of the financial services provider’s stock worth $9,938,000 after purchasing an additional 32,917 shares during the last quarter. EagleClaw Capital Managment LLC increased its position in shares of JPMorgan Chase & Co. by 3.5% in the 4th quarter. EagleClaw Capital Managment LLC now owns 55,951 shares of the financial services provider’s stock worth $13,412,000 after purchasing an additional 1,891 shares during the last quarter. Hartford Funds Management Co LLC increased its position in shares of JPMorgan Chase & Co. by 6.8% in the 4th quarter. Hartford Funds Management Co LLC now owns 17,378 shares of the financial services provider’s stock worth $4,166,000 after purchasing an additional 1,101 shares during the last quarter. Finally, E Fund Management Co. Ltd. increased its position in shares of JPMorgan Chase & Co. by 55.1% in the 4th quarter. E Fund Management Co. Ltd. now owns 33,741 shares of the financial services provider’s stock worth $8,088,000 after purchasing an additional 11,980 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at $42,737,529.04. This represents a 19.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the sale, the chief operating officer now directly owns 54,469 shares of the company’s stock, valued at approximately $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 46,326 shares of company stock valued at $12,448,445. Company insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JPM. UBS Group boosted their target price on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Bank of America boosted their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $252.89.

JPMorgan Chase & Co. Trading Up 3.4 %

Shares of NYSE:JPM opened at $232.94 on Monday. The company has a 50 day moving average of $258.29 and a 200-day moving average of $238.95. The firm has a market cap of $651.31 billion, a P/E ratio of 11.80, a P/E/G ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business posted $3.04 EPS. As a group, analysts anticipate 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.